XML 54 R12.htm IDEA: XBRL DOCUMENT
v3.20.1

STOCK-BASED COMPENSATION | 3 Months Ended
--- | ---
Mar. 31, 2020
STOCK-BASED COMPENSATION |
STOCK-BASED COMPENSATION | 5. STOCK-BASED COMPENSATION The Company reserved 3,000,000 shares of common stock under the 2014 Stock Incentive Plan with a term of ten years expiring in April 2024. All future equity compensation awards by the Company will be issued under the 2014 plan. This plan provides for the issuance of various forms of stock incentives, including among others, incentive and non-qualified stock options and restricted shares. As of March 31, 2020, there were approximately 1,567,400 shares available for grant. Stock-based compensation for the three months ended March 31, 2020 and 2019 were as follows: Restricted Stock
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31,
(in thousands) |  | 2020 |  | 2019
Pre – tax cost | ​ | $ | 576 | ​ | $ | 538
After tax cost | ​ | $ | 449 | ​ | $ | 420
​ The following is a summary of the changes in non-vested restricted shares for the three months ended March 31, 2020: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | Average
​ | ​ | ​ | ​ | Grant-Date
​ |  | Shares |  | Fair Value
Non-vested shares at December 31, 2019 |  | 815,540 | ​ | $ | 11.29
Granted |  | 179,000 | ​ |  | 4.59
Vested |  | (223,270) | ​ |  | 9.05
Forfeited |  | (3,500) | ​ |  | 8.61
Non-vested shares at March 31, 2020 |  | 767,770 | ​ | $ | 11.77
​ The total fair value of shares vested was approximately $3,234,000 during the three months ended March 31, 2020 and approximately $3,701,000 during the three months ended March 31, 2019. Other Information As of March 31, 2020, total unrecognized compensation cost related to non-vested restricted shares was approximately $9,496,000. This cost is expected to be recognized over a weighted-average period of 3.7 years. For the three months ended March 31, 2020, approximately $287,000 of excess tax benefit for stock-based compensation awards has been recorded as a discrete tax adjustment and classified within operating activities in the consolidated statements of cash flows compared to approximately $418,000 for the three months ended March 31, 2019.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration