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Equity Plan Awards (Tables)
12 Months Ended
Dec. 31, 2020
Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period

The below tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average period for the years ended December 31, 2020, 2019 and 2018. This projected expense will change if any stock options and restricted stock are granted or cancelled prior to the respective reporting periods, or if there are any changes required to be made for estimated forfeitures.

 

 

 

Stock-Based

Compensation

 

 

Unamortized

Stock-Based

Compensation

 

 

Remaining

Weighted

Average

Period (years)

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock

 

$

3,166

 

 

$

6,954

 

 

 

2.0

 

Unrestricted Stock

 

 

461

 

 

 

183

 

 

 

0.4

 

Performance-Based Restricted Stock

 

 

2,934

 

 

 

3,352

 

 

 

2.0

 

Total

 

$

6,561

 

 

$

10,489

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock

 

$

3,655

 

 

$

5,512

 

 

 

1.9

 

Unrestricted Stock

 

 

411

 

 

 

205

 

 

 

0.4

 

Performance-Based Restricted Stock

 

 

3,094

 

 

 

2,835

 

 

 

1.9

 

Total

 

$

7,160

 

 

$

8,552

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock

 

$

3,272

 

 

$

5,006

 

 

 

1.3

 

Unrestricted Stock

 

 

385

 

 

 

160

 

 

 

0.4

 

Performance-Based Restricted Stock

 

 

2,148

 

 

 

2,565

 

 

 

1.9

 

Total

 

$

5,805

 

 

$

7,731

 

 

 

 

 

Summary of Option Activity

Incentive Stock Option Plans

Activity of the incentive stock option plans:

 

 

Number of

Shares

 

 

Weighted

Average

Price Per

Share

 

 

Balance outstanding, December 31, 2017

 

 

472,783

 

 

$

9.38

 

 

Options exercised

 

 

(88,719

)

 

 

10.62

 

 

Balance outstanding, December 31, 2018

 

 

384,064

 

 

$

9.10

 

 

Options exercised

 

 

(51,241

)

 

 

8.87

 

 

Balance outstanding, December 31, 2019

 

 

332,823

 

 

$

9.14

 

 

Options exercised

 

 

(196,736

)

 

 

7.79

 

 

Options forfeited

 

 

(13,000

)

 

 

7.50

 

 

Balance outstanding, December 31, 2020

 

 

123,087

 

 

$

11.48

 

 

 

Summary of Stock Options Summarized by Exercise Price

Outstanding at December 31, 2020 summarized by exercise price:

 

 

 

Outstanding Weighted Average

 

Exercise Price Per Share

 

Number of

Shares

 

 

Remaining

Life

(Months)

 

 

Exercise

Price

 

$11.32

 

 

7,200

 

 

 

5

 

 

$

11.32

 

$11.49

 

 

115,887

 

 

 

48

 

 

$

11.49

 

 

 

 

123,087

 

 

 

 

 

 

$

11.48

 

 

Performance Based Stock Options  
Summary of Option Activity

Activity of the performance incentive stock option plan:

 

 

 

Number of

Shares

 

 

Weighted

Average

Price Per

Share

 

 

Balance outstanding, December 31, 2018

 

 

140,411

 

 

$

11.49

 

 

Options exercised

 

 

(19,629

)

 

 

11.49

 

 

Balance outstanding, December 31, 2019

 

 

120,782

 

 

$

11.49

 

 

Options exercised

 

 

(6,124

)

 

 

11.49

 

 

Balance outstanding, December 31, 2020

 

 

114,658

 

 

$

11.49

 

 

Restricted and Unrestricted Stock  
Summary of Non-Vested Shares

A summary of nonvested restricted and unrestricted stock is presented below:

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at January 1st

 

 

719,845

 

 

$

17.67

 

 

 

587,210

 

 

$

17.59

 

Granted

 

 

393,180

 

 

 

14.39

 

 

 

341,653

 

 

 

16.84

 

Vested

 

 

(255,835

)

 

 

15.86

 

 

 

(148,240

)

 

 

14.99

 

Forfeited

 

 

(36,566

)

 

 

18.34

 

 

 

(60,778

)

 

 

18.12

 

Nonvested shares at December 31st

 

 

820,624

 

 

$

16.64

 

 

 

719,845

 

 

$

17.67