XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

Stock Based Compensation | 6 Months Ended
--- | ---
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock Based Compensation | 13. Stock-Based Compensation—The Company accounts for stock-based awards to employees and directors in accordance with FASB ASC 718, “Share-Based Payment,” which requires the measurement and recognition of compensation for all share-based payment awards made to employees and directors including shares of common stock granted for services and employee stock options based on estimated fair values. The following tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average amortization period for the three and six months ended June 30, 2020 and 2019.
|  | Stock-Based Compensation for the Three months ended |  |  | Stock-Based Compensation for the Six months ended |  |  | Unamortized Stock-Based Compensation |  |  | Remaining Weighted Average Period (years) |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restricted Stock |  | $ | 702 |  |  | $ | 1,478 |  |  | $ | 3,861 |  |  |  | 1.5 |
Unrestricted Stock |  |  | 118 |  |  |  | 241 |  |  |  | 403 |  |  |  | 0.9 |
Performance-Based Restricted Stock |  |  | 368 |  |  |  | 826 |  |  |  | 1,873 |  |  |  | 1.5 |
Total |  | $ | 1,188 |  |  | $ | 2,545 |  |  | $ | 6,137 |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restricted Stock |  | $ | 981 |  |  | $ | 1,669 |  |  | $ | 8,091 |  |  |  | 2.2 |
Unrestricted Stock |  |  | 99 |  |  |  | 195 |  |  |  | 385 |  |  |  | 0.9 |
Performance-Based Restricted Stock |  |  | 430 |  |  |  | 1,131 |  |  |  | 3,863 |  |  |  | 2.2 |
Total |  | $ | 1,510 |  |  | $ | 2,995 |  |  | $ | 12,339 |  |  |  |  |
The Company also granted stock options in past periods. All outstanding stock options are fully vested and exercisable and no expense was recorded during the three and six months ended June 30, 2020 and 2019. Restricted and Unrestricted Stock — A summary of non-vested shares as of, and for, the three and six months ended June 30, 2020 and 2019 is presented below:
|  | Six Months Ended June 30, 2020 |  |  | Six Months Ended June 30, 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 |
Granted |  |  | 43,168 |  |  |  | 13.45 |  |  |  | 40,522 |  |  |  | 13.34 |
Vested |  |  | (37,958 | ) |  |  | 13.88 |  |  |  | (32,771 | ) |  |  | 13.35 |
Forfeited |  |  | (8,221 | ) |  |  | 18.64 |  |  |  | (21,184 | ) |  |  | 17.77 |
Nonvested shares at June 30th |  |  | 492,523 |  |  | $ | 18.22 |  |  |  | 752,285 |  |  | $ | 17.72 |
Performance-Based Restricted Stock — A summary of non-vested performance-based shares as of, and for, the three and six months ended June 30, 2020 and 2019, respectively is presented below:
|  | Six Months Ended June 30, 2020 |  |  | Six Months Ended June 30, 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 |
Forfeited |  |  | (2,268 | ) |  |  | 18.00 |  |  |  | (14,022 | ) |  |  | 17.11 |
Nonvested shares at June 30th |  |  | 231,065 |  |  | $ | 17.63 |  |  |  | 357,765 |  |  | $ | 16.80 |
Stock Options — The Company has stock options outstanding under its incentive stock option plans and performance incentive stock option plan. All outstanding stock options are vested and exercisable. The following tables present details for each type of plan: Incentive Stock Option Plans Activity for the three and six months ended June 30, 2020:
|  | Number of Shares |  |  | 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 |
Options exercised |  |  | (9,291 | ) |  |  | 8.27 |
Balance outstanding, June 30, 2020 |  |  | 307,696 |  |  | $ | 9.18 |
Outstanding at June 30, 2020, summarized by exercise price:
|  | Outstanding Weighted Average |  |
Exercise Price Per Share |  | Number of Shares |  |  | Remaining Life (Months) |  |  | Exercise Price |  |
$7.50 |  |  | 177,650 |  |  |  | 5 |  |  | $ | 7.5 |  |
$11.32—$14.49 |  |  | 130,046 |  |  |  | 52 |  |  | $ | 11.48 |  |
|  |  | 307,696 |  |  |  |  |  |  | $ | 9.18 |  |
Performance Incentive Stock Option Plan Activity for the three and six months ended June 30, 2020:
|  | Number of Shares |  |  | Weighted Average Price Per Share |
Balance outstanding, December 31, 2019 |  |  | 120,782 |  |  | $ | 11.49 |
Options exercised |  |  | (3,035 | ) |  |  | 11.49 |
Balance outstanding, March 31, 2020 and June 30, 2020 |  |  | 117,747 |  |  | $ | 11.49 |
All the performance incentive stock options outstanding as of June 30, 2020 have an exercise price per share of $11.49 and a remaining life of 54 months.

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