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Equity Plan Awards (Tables)
12 Months Ended
Dec. 31, 2018
Summary of Option Activity

Option activity within each plan is as follows:

 

 

 

Incentive

Stock Option

Plans

 

 

Weighted

Average

Price Per

Share

 

 

Exercisable

Weighted

Average

Price

Per Share

 

Balance outstanding, December 31, 2015

 

 

626,845

 

 

$

9.25

 

 

$

7.73

 

Options exercised,

 

 

(58,900

)

 

$

7.50

 

 

 

 

 

Options forfeited,

 

 

(26,040

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2016

 

 

541,905

 

 

$

9.33

 

 

$

7.97

 

Options exercised,

 

 

(55,979

)

 

$

8.37

 

 

 

 

 

Options forfeited,

 

 

(13,143

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2017

 

 

472,783

 

 

$

9.38

 

 

$

9.38

 

Options exercised,

 

 

(88,719

)

 

$

10.62

 

 

 

 

 

Options forfeited,

 

 

 

 

 

 

 

 

 

 

Balance outstanding, December 31, 2018

 

 

384,064

 

 

$

9.10

 

 

$

9.10

 

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at December 31, 2018 summarized by exercise price is as follows:

 

 

 

Outstanding Weighted Average

 

 

Exercisable Weighted Average

 

Exercise Price Per Share

 

Shares

 

 

Remaining

Life

(Months)

 

 

Exercise

Price

 

 

Shares

 

 

Exercise

Price

 

Incentive Stock Option Plan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$7.50

 

 

229,545

 

 

 

23

 

 

$

7.50

 

 

 

229,545

 

 

$

7.50

 

$11.32-$14.75

 

 

154,519

 

 

 

70

 

 

$

11.48

 

 

 

154,519

 

 

$

11.48

 

 

 

 

384,064

 

 

 

42

 

 

$

9.10

 

 

 

384,064

 

 

$

9.10

 

Weighted Average Exercise Prices for Options Granted and Exercisable and Weighted Average Remaining Contractual Life for Options Outstanding

The weighted average exercise prices for options granted and exercisable and the weighted average remaining contractual life for options outstanding as of December 31, 2018 and 2017 was as follows:

 

 

 

Number

of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(Months)

 

 

Intrinsic

Value

(thousands)

 

As of December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

384,064

 

 

$

9.10

 

 

 

42

 

 

$

2,338

 

Vested

 

 

384,064

 

 

$

9.10

 

 

 

42

 

 

$

2,338

 

Exercisable

 

 

384,064

 

 

$

9.10

 

 

 

42

 

 

$

2,338

 

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

472,783

 

 

$

9.38

 

 

 

57

 

 

$

4,853

 

Vested

 

 

472,783

 

 

$

9.38

 

 

 

57

 

 

$

4,853

 

Exercisable

 

 

472,783

 

 

$

9.38

 

 

 

57

 

 

$

4,853

 

Performance Based Stock Options  
Summary of Option Activity

Performance option activity is as follows:

 

 

 

Incentive

Stock Option

Plans

 

 

Weighted

Average

Price Per

Share

 

 

Exercisable

Weighted

Average

Price

Per Share

 

Balance outstanding, December 31, 2016

 

 

82,334

 

 

$

11.49

 

 

$

 

Options forfeited

 

 

(668

)

 

 

11.49

 

 

 

 

Balance outstanding, December 31, 2017

 

 

81,666

 

 

$

11.49

 

 

$

11.49

 

Additional vesting based on performance

 

 

77,598

 

 

 

11.49

 

 

 

11.49

 

Options exercised

 

 

(18,853

)

 

 

11.49

 

 

 

11.49

 

Balance outstanding, December 31, 2018

 

 

140,411

 

 

$

11.49

 

 

$

11.49

 

Performance Incentive Stock Option Plan  
Summary of Stock Options Summarized by Exercise Price

Information relating to performance stock options at December 31, 2018 is summarized by exercise price is as follows:

 

 

 

Outstanding Weighted Average

 

 

Exercisable Weighted Average

 

Exercise Price Per Share

 

Shares

 

 

Remaining

Life

(Months)

 

 

Exercise

Price

 

 

Shares

 

 

Exercise

Price

 

Performance Incentive Stock Option Plan:

 

 

140,411

 

 

 

72

 

 

$

11.49

 

 

 

140,411

 

 

$

11.49

 

Weighted Average Exercise Prices for Options Granted and Exercisable and Weighted Average Remaining Contractual Life for Options Outstanding

The weighted average exercise price for performance options granted and exercisable and the weighted average remaining contractual life for performance options outstanding as of December 31, 2018 and 2017 was as follows:

 

 

 

Number

of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(Months)

 

 

Intrinsic

Value

(thousands)

 

As of December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

140,411

 

 

$

11.49

 

 

 

72

 

 

$

520

 

Expected to Vest

 

 

140,411

 

 

$

11.49

 

 

 

72

 

 

$

520

 

Exercisable

 

 

140,411

 

 

$

11.49

 

 

 

72

 

 

$

520

 

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

81,666

 

 

$

11.49

 

 

 

84

 

 

$

666

 

Expected to Vest

 

 

81,666

 

 

$

11.49

 

 

 

84

 

 

$

666

 

Exercisable

 

 

81,666

 

 

$

11.49

 

 

 

84

 

 

$

666

 

Common Stock Grants  
Summary of Non-Vested Shares

A status summary of non-vested shares as of December 31, 2018 and 2017, are presented below:

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at January 1st

 

 

391,753

 

 

$

15.61

 

 

 

324,756

 

 

$

14.75

 

Granted

 

 

282,030

 

 

 

20.21

 

 

 

290,977

 

 

 

16.24

 

Vested

 

 

(53,304

)

 

 

17.06

 

 

 

(203,165

)

 

 

15.14

 

Forfeited

 

 

(33,269

)

 

 

17.29

 

 

 

(20,815

)

 

 

15.29

 

Nonvested shares at December 31st

 

 

587,210

 

 

$

17.59

 

 

 

391,753

 

 

$

15.61

 

Performance Based Restricted Shares  
Summary of Non-Vested Shares

A summary of non-vested shares as of December 31, 2018 and 2017, is presented below:

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at January 1st

 

 

186,057

 

 

$

14.93

 

 

 

119,022

 

 

$

14.18

 

Granted

 

 

130,332

 

 

 

18.74

 

 

 

128,594

 

 

 

15.43

 

Vested

 

 

(22,857

)

 

 

11.90

 

 

 

(48,046

)

 

 

14.92

 

Forfeited

 

 

(6,455

)

 

 

16.22

 

 

 

(13,513

)

 

 

13.08

 

Nonvested shares at December 31st

 

 

287,077

 

 

$

16.87

 

 

 

186,057

 

 

$

14.93