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Share Based Compensation Plan (Tables) | 12 Months Ended
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Dec. 31, 2019
Share-based Payment Arrangement [Abstract] |
Summary of fair value of stock option valuation assumptions |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Expected volatility |  |  | 60.7 | % |  |  | 55.5 | % |  |  | 50.8 | %
Dividend |  |  | $nil |  |  |  | $nil |  |  |  | $nil |
Risk-free interest rate |  |  | 1.86 | % |  |  | 2.30 | % |  |  | 1.43 | %
Expected life |  |  | 5.7 years |  |  |  | 5.9 years |  |  |  | 6.0 years |
Fair value |  |  | CA$9.7259 |  |  |  | CA$3.2541 |  |  |  | CA$3.1869 |
Summary of stock based compensation stock option | Stock option transactions under the Company’s plan for the years ended December 31, 2019, 2018 and 2017 are summarized as follows:
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2017 |  |  | 2,116,065 |  |  |  | CA$1.19 |  |  |  | 6.24 |  |  |  |  |
Granted during 2017 |  |  | 320,000 |  |  |  | CA$4.04 |  |  |  | 9.71 |  |  |  |  |
Exercised during 2017 |  |  | (91,667 | ) |  |  | CA$0.90 |  |  |  | 4.09 |  |  |  |  |
Forfeited/expired during 2017 |  |  | (6,666 | ) |  |  | CA$1.48 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2017 |  |  | 2,337,732 |  |  |  | CA$1.59 |  |  |  | 5.89 |  |  | $ | 14,125 |
Exercisable at December 31, 2017 |  |  | 1,752,739 |  |  |  | CA$1.20 |  |  |  | 4.86 |  |  | $ | 11,295 |
Granted during 2018 |  |  | 203,000 |  |  |  | CA$5.79 |  |  |  | 9.44 |  |  |  |  |
Exercised during 2018 |  |  | (365,733 | ) |  |  | CA$0.98 |  |  |  | 2.68 |  |  |  |  |
Forfeited during 2018 |  |  | (10,000 | ) |  |  | CA$1.48 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2018 |  |  | 2,164,999 |  |  |  | CA$2.10 |  |  |  | 5.69 |  |  | $ | 5,553 |
Exercisable at December 31, 2018 |  |  | 1,648,670 |  |  |  | CA$1.43 |  |  |  | 4.74 |  |  | $ | 5,012 |
Granted |  |  | 510,000 |  |  |  | CA$16.32 |  |  |  | 9.19 |  |  |  |  |
Exercised |  |  | (212,332 | ) |  |  | CA$1.29 |  |  |  | 4.85 |  |  |  |  |
Forfeited |  |  | (10,001 | ) |  |  | CA$2.20 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2019 |  |  | 2,452,666 |  |  |  | CA$5.12 |  |  |  | 5.60 |  |  | $ | 11,435 |
Exercisable at December 31, 2019 |  |  | 1,707,337 |  |  |  | CA$1.78 |  |  |  | 4.18 |  |  | $ | 10,736 |
Summary of non-vested stock option | A summary of the status of the Company’s non-vested stock options, and the changes during the year ended December 31, 2019, is presented below:
|  | Number of Options |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Non-vested at January 1, 2019 |  |  | 516,329 |  |  |  | CA$2.27 |  |  |  |  |
Granted |  |  | 510,000 |  |  |  | CA$9.58 |  |  |  |  |
Vested |  |  | (270,999 | ) |  |  | CA$1.89 |  |  |  |  |
Forfeited |  |  | (10,001 | ) |  |  | CA$1.06 |  |  |  |  |
Non-vested at December 31, 2019 |  |  | 745,329 |  |  |  | CA$7.43 |  |  | $ | CA$699 |
Summary of performance base restricted share unit | Performance-based restricted share unit activity for the years ended December 31, 2019, 2018 and 2017 is as follows :
|  | Number of Performance-based Restricted Share Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at January 1, 2017 |  |  | — |  |  |  |  |
Issued |  |  | 885,000 |  |  |  | CA$2.20 |
Issued |  |  | 21,000 |  |  |  | CA$6.00 |
Exercised |  |  | (768,000 | ) |  |  | CA$2.20 |
Forfeited/expired |  |  | (10,000 | ) |  |  | CA$2.20 |
Outstanding at December 31, 2017 |  |  | 128,000 |  |  |  | CA$2.82 |
Earned but unissued at December 31, 2017 |  |  | — |  |  |  | — |
Issued |  |  | 979,000 |  |  |  | CA$5.79 |
Exercised |  |  | (50,334 | ) |  |  | CA$3.06 |
Forfeited |  |  | — |  |  |  | — |
Outstanding at December 31, 2018 |  |  | 1,056,666 |  |  |  | CA$5.56 |
Earned but unissued at December 31, 2018 |  |  | 175,333 |  |  |  | CA$5.08 |
Issued |  |  | 355,000 |  |  |  | CA$14.94 |
Exercised |  |  | (442,666 | ) |  |  | CA$7.82 |
Forfeited/expired |  |  | (230,000 | ) |  |  | CA$12.90 |
Outstanding at December 31, 2019 |  |  | 739,000 |  |  |  | CA$6.58 |
Earned but unis s ued at December 31, 2019 |  |  | 30,000 |  |  |  | CA$12.87 |
Summary of non-vested performance-based restricted share units | A summary of the status of the Company’s non-vested performance-based restricted share units, and the changes during the year ended December 31, 2019, is presented below:
|  | Number of Performance-based Restricted Share Units |  |  | Weighted Average Grant Date Fair Value |
Non-vested at January 1, 2019 |  |  | 881,333 |  |  |  | CA$5.63 |
Granted |  |  | 355,000 |  |  |  | CA$14.94 |
Vested |  |  | (297,333 | ) |  |  | CA$7.54 |
Forfeited |  |  | (230,000 | ) |  |  | CA$12.90 |
Non-vested at December 31, 2019 |  |  | 709,000 |  |  |  | CA$10.21 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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