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v3.20.1

Stock Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2020
Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period | The following tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average period for the three months ended March 31, 2020 and 2019.
|  | Stock-Based Compensation for the Three months ended |  |  | Unamortized Stock-Based Compensation |  |  | Remaining Weighted Average Period (years) |
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Restricted Stock |  | $ | 776 |  |  | $ | 4,555 |  |  |  | 1.5 |
Unrestricted Stock |  |  | 123 |  |  |  | 82 |  |  |  | 0.2 |
Performance-Based Restricted Stock |  |  | 458 |  |  |  | 2,288 |  |  |  | 1.7 |
Total |  | $ | 1,357 |  |  | $ | 6,925 |  |  |  |  |
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Restricted Stock |  | $ | 688 |  |  | $ | 9,238 |  |  |  | 2.4 |
Unrestricted Stock |  |  | 96 |  |  |  | 64 |  |  |  | 0.2 |
Performance-Based Restricted Stock |  |  | 701 |  |  |  | 4,524 |  |  |  | 2.4 |
Total |  | $ | 1,485 |  |  | $ | 13,826 |  |  |  |  |
Summary of Option Activity | Option activity within each plan is as follows:
|  | Incentive Stock Option Plans |  |  | Weighted Average Price Per Share |
Balance outstanding, December 31, 2019 |  |  | 332,823 |  |  | $ | 9.14 |
Options exercised |  |  | (15,836 | ) |  |  | 8.83 |
Balance outstanding, March 31, 2020 |  |  | 316,987 |  |  | $ | 9.16 |
Summary of Stock Options Summarized by Exercise Price | Information relating to stock options at March 31, 2020, summarized by exercise price is as follows:
|  | Outstanding Weighted Average |
Exercise Price Per Share |  | Shares |  |  | Remaining Life (Months) |  |  | Exercise Price |
Incentive Stock Option Plan: |  |  |  |  |  |  |  |  |  |  |  |
$7.50 |  |  | 185,150 |  |  |  | 8 |  |  | $ | 7.5 |
$11.32—$14.49 |  |  | 131,837 |  |  |  | 55 |  |  | $ | 11.48 |
|  |  | 316,987 |  |  |  |  |  |  | $ | 9.16 |
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 March 31, 2020, were as follows:
As of March 31, 2020 |  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (Months) |  |  | Intrinsic Value (thousands) |
Incentive Stock Option Plan: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding |  |  | 316,987 |  |  | $ | 9.16 |  |  |  | 28 |  |  | $ | 1,681 |
Expected to Vest |  |  | 316,987 |  |  | $ | 9.16 |  |  |  | 28 |  |  | $ | 1,681 |
Exercisable |  |  | 316,987 |  |  | $ | 9.16 |  |  |  | 28 |  |  | $ | 1,681 |
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, 2019 |  |  | 120,782 |  |  | $ | 11.49 |  |  | $ | 11.49 |
Options exercised |  |  | (3,035 | ) |  |  | 11.49 |  |  |  | 11.49 |
Balance outstanding, March 31, 2020 |  |  | 117,747 |  |  | $ | 11.49 |  |  | $ | 11.49 |
Performance Incentive Stock Option Plan |
Summary of Stock Options Summarized by Exercise Price | Information relating to stock options as of March 31, 2020 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: |  |  | 117,747 |  |  |  | 57 |  |  | $ | 11.49 |  |  |  | 117,747 |  |  | $ | 11.49 |
Weighted Average Exercise Prices for Options Granted and Exercisable and Weighted Average Remaining Contractual Life for Options Outstanding | The weighted average exercise prices of options granted and exercisable and the weighted average remaining contractual life for options outstanding as of March 31, 2020 are as follows:
As of March 31, 2020 |  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (Months) |  |  | Intrinsic Value (thousands) |
Performance Incentive Stock Option Plan: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding |  |  | 117,747 |  |  | $ | 11.49 |  |  |  | 57 |  |  | $ | 350 |
Expected to Vest |  |  | 117,747 |  |  | $ | 11.49 |  |  |  | 57 |  |  | $ | 350 |
Exercisable |  |  | 117,747 |  |  | $ | 11.49 |  |  |  | 57 |  |  | $ | 350 |
Common Stock Grants |
Summary of Non-Vested Shares | Common stock grants — A summary of non-vested shares as of and for the three months ended March 31, 2020 and 2019 is presented below:
|  | Three Months Ended March 31, 2020 |  |  | Three Months Ended March 31, 2019 |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 31st |  |  | 719,845 |  |  | $ | 17.67 |  |  |  | 587,210 |  |  | $ | 17.59 |
Granted |  |  | 4,185 |  |  |  | 18.63 |  |  |  | 290,679 |  |  |  | 17.34 |
Vested |  |  | (213,781 | ) |  |  | 16.18 |  |  |  | (105,582 | ) |  |  | 15.21 |
Forfeited |  |  | (14,715 | ) |  |  | 18.08 |  |  |  | (6,589 | ) |  |  | 17.69 |
Nonvested shares at March 31st |  |  | 495,534 |  |  | $ | 18.31 |  |  |  | 765,718 |  |  | $ | 17.77 |
Performance Based Restricted Shares |
Summary of Non-Vested Shares | Performance-Based Shares—A summary of non-vested performance-based shares as of and for the three months ended March 31, 2020 and 2019, respectively is presented below:
|  | Three Months Ended March 31, 2020 |  |  | Three Months Ended March 31, 2019 |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 31st |  |  | 345,432 |  |  | $ | 16.92 |  |  |  | 287,077 |  |  | $ | 16.87 |
Granted |  |  | — |  |  |  | — |  |  |  | 137,557 |  |  |  | 16.47 |
Additional granted based on performance achievement |  |  | 76,445 |  |  |  | 16.56 |  |  |  | 41,568 |  |  |  | 12.88 |
Vested |  |  | (184,785 | ) |  |  | 15.87 |  |  |  | (90,872 | ) |  |  | 14.73 |
Forfeited |  |  | (3,759 | ) |  |  | 17.23 |  |  |  | (3,543 | ) |  |  | 15.98 |
Nonvested shares at March 31st |  |  | 233,333 |  |  | $ | 17.63 |  |  |  | 371,787 |  |  | $ | 16.81 |

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