XML 119 R37.htm IDEA: XBRL DOCUMENT v3.20.1

Share Based Compensation Plan (Tables)

12 Months Ended

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 unissued 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

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of non-vested stock options activity

+ References

No definition available.

+ Details

Name:	vff_ScheduleOfNonvestedStockOptionsActivityTableTextBlock
Namespace Prefix:	vff_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration