XML 53 R22.htm IDEA: XBRL DOCUMENT v3.20.1
Pension and Equity Incentive Plans (Tables)
 3 Months Ended
Mar. 31, 2020
Pension and Equity Incentive Plans [Abstract]  
Summary of Status of Restricted Shares

Number of Shares Awarded

Weighted Average Grant Date Fair Value

Non-vested at December 31, 2019

81,278 

$

11.96 

Granted

-

-

Vested

-

-

Forfeited

-

-

Non-vested at March 31, 2020

81,278 

$

11.96 

Number of Shares Awarded

Weighted Average Grant Date Fair Value

Non-vested at December 31, 2018

67,321 

$

11.26 

Granted

-

-

Vested

-

-

Forfeited

-

-

Non-vested at March 31, 2019

67,321 

$

11.26 
Summary of Stock Option Activity The following tables present a summary of the status of the Company’s outstanding stock option awards as of March 31, 2020 and March 31, 2019.

  

Number of Option Shares

Range of Exercise Prices

Weighted Average Exercise Price

Outstanding at December 31, 2019

1,200,975 

$

8.93 - 13.32

$

11.45

Options granted

-

-

-

Options exercised

(500)

10.55 

10.55 

Options forfeited

-

-

-

Options expired

-

-

-

Outstanding at March 31, 2020

1,200,475 

$

8.93 - 13.32

$

11.45

As of March 31, 2020, stock options which were granted and were exercisable totaled 515,800 stock options.

It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to the 684,675 shares of unvested options outstanding as of March 31, 2020 was $1.3 million over a weighted average period of 4.68 years.

  

Number of Option Shares

Range of Exercise Prices

Weighted Average Exercise Price

Outstanding at December 31, 2018

1,104,600 

$

8.93-13.32

$

11.36

Options granted

-

-

-

Options exercised

-

-

-

Options forfeited

-

-

-

Options expired

-

-

-

Outstanding at March 31, 2019

1,104,600 

$

8.93-13.32

$

11.36

As of March 31, 2019, stock options which were granted and were exercisable totaled 268,633 stock options.