| Summary of Stock Option Activity |
The following table summarizes the activities in the Plans during 2017:
|
(dollars in thousands except
per share amounts) |
|
Options Granted |
|
|
Weighted Average
Exercise Price per
Share |
|
|
Weighted Average
Remaining
Contractual Term |
|
|
Aggregate
Intrinsic Value |
|
|
Balance: December 31, 2016 |
|
|
1,972,884 |
|
|
$ |
6.34 |
|
|
|
|
|
|
|
|
|
|
Options granted |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Options exercised |
|
|
(1,072,000 |
) |
|
|
5.18 |
|
|
|
|
|
|
|
|
|
|
Options forfeited |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Balance: December 31, 2017 |
|
|
900,884 |
|
|
|
7.73 |
|
|
|
3.37 Years |
|
|
$ |
9,738 |
|
|
Options exercisable |
|
|
900,884 |
|
|
$ |
7.73 |
|
|
|
3.37 Years |
|
|
$ |
9,738 |
|
The following table summarizes the activities in the Plans during 2016:
|
(dollars in thousands except
per share amounts) |
|
Options Granted |
|
|
Weighted Average
Exercise Price per
Share |
|
|
Weighted Average
Remaining
Contractual Term |
|
|
Aggregate
Intrinsic Value |
|
|
Balance: December 31, 2015 |
|
|
2,716,834 |
|
|
$ |
6.35 |
|
|
|
|
|
|
|
|
|
|
Options granted |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Options exercised |
|
|
(690,592 |
) |
|
|
6.17 |
|
|
|
|
|
|
|
|
|
|
Options forfeited |
|
|
(53,358 |
) |
|
|
9.18 |
|
|
|
|
|
|
|
|
|
|
Balance: December 31, 2016 |
|
|
1,972,884 |
|
|
|
6.34 |
|
|
|
2.45 Years |
|
|
$ |
15,601 |
|
|
Options exercisable |
|
|
1,945,032 |
|
|
$ |
6.30 |
|
|
|
2.39 Years |
|
|
$ |
15,457 |
|
The following table summarizes the activities in the Plans during 2015:
|
(dollars in thousands except
per share amounts) |
|
Options Granted |
|
|
Weighted Average
Exercise Price per
Share |
|
|
Weighted Average
Remaining
Contractual Term |
|
|
Aggregate
Intrinsic Value |
|
|
Balance: December 31, 2014 |
|
|
2,769,616 |
|
|
$ |
6.34 |
|
|
|
|
|
|
|
|
|
|
Options granted |
|
|
23,000 |
|
|
|
9.88 |
|
|
|
|
|
|
|
|
|
|
Options exercised |
|
|
(62,614 |
) |
|
|
6.47 |
|
|
|
|
|
|
|
|
|
|
Options forfeited |
|
|
(13,168 |
) |
|
|
8.24 |
|
|
|
|
|
|
|
|
|
|
Balance: December 31, 2015 |
|
|
2,716,834 |
|
|
|
6.35 |
|
|
|
3.52 Years |
|
|
$ |
14,782 |
|
|
Options exercisable |
|
|
2,599,010 |
|
|
$ |
6.23 |
|
|
|
3.30 Years |
|
|
$ |
14,463 |
|
|
| Summary of RSUs Issued under Equity Incentive Plan |
The following table provides a summary of the RSUs issued by the Company under its equity incentive plans for the periods ended December 31:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
|
Shares |
|
Weighted
Average Grant
Date Fair Value |
|
Shares |
|
Weighted
Average Grant
Date Fair Value |
|
Shares |
|
Weighted
Average Grant
Date Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance: January 1 |
|
117,308 |
|
|
$ |
10.19 |
|
|
134,728 |
|
|
$ |
9.93 |
|
|
8,888 |
|
|
$ |
9.00 |
|
|
New RSUs |
|
110,463 |
|
|
|
17.62 |
|
|
50,568 |
|
|
|
11.15 |
|
|
147,364 |
|
|
|
10.00 |
|
|
Shares vested and issued |
|
(78,005 |
) |
|
|
12.01 |
|
|
(67,988 |
) |
|
|
10.39 |
|
|
(21,524 |
) |
|
|
10.00 |
|
|
RSUs forfeited |
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
Balance December 31 |
|
149,766 |
|
|
$ |
14.73 |
|
|
117,308 |
|
|
$ |
10.19 |
|
|
134,728 |
|
|
$ |
9.93 |
|
|