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Stock-Based Compensation Plan (Tables)
6 Months Ended
Jun. 30, 2019
Stock-Based Compensation Plan  
Summary of option activity

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-

    

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

Number

 

Average

 

Remaining

 

Aggregate

 

 

of

 

Exercise

 

Contractual

 

Intrinsic

Options

 

Shares

 

Price

 

Term

 

Value (1)

Outstanding at January 1, 2019

 

1,976,247

 

$

8.00

 

4.98

 

 

  

Granted

 

 —

 

 

 —

 

  

 

 

  

Exercised

 

(127,157)

 

 

6.83

 

  

 

 

  

Forfeited or expired

 

(1,563)

 

 

11.52

 

  

 

 

  

Outstanding at June 30, 2019

 

1,847,527

 

$

8.08

 

4.58

 

$

20,957,235

Exercisable at June 30, 2019

 

1,764,502

 

$

7.91

 

4.47

 

$

20,303,063


(1)  The aggregate intrinsic value of stock options represents the total pre‑tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on June 30, 2019. This amount changes based on changes in the market value of the Company’s stock.

Summary of restricted stock grant activity

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

Number of

 

Grant Date

 

    

Shares

    

Fair Value

Nonvested at January 1, 2019

 

50,629

 

$

17.57

Granted

 

1,000

 

 

17.25

Vested

 

 —

 

 

 —

Forfeited

 

(2,750)

 

 

18.68

Balance at June 30, 2019

 

48,879

 

$

17.50