XML 50 R35.htm IDEA: XBRL DOCUMENT v3.20.4
Stock - Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Activity in the Company’s Stock Option Plans
A summary of activity in the Company's stock option plans is as follows:
Weighted
Average
Exercise
Price
Options
Outstanding
Weighted
Average
Contractual
Term
(in years)
Intrinsic
Value of
Options
Options
Available
December 31, 2018$14.16 59,096 4.8$143,737 155,845 
 Exercised$12.61 (3,628)— 
December 31, 2019$14.26 55,468 3.8$18,331 155,845 
Granted February 5, 2020$13.00 123,500 (123,500)
Granted June 30, 2020$7.33 20,000 (20,000)
 Canceled, forfeited, or expired$13.14 (19,437)19,437 
December 31, 2020$12.74 179,531 7.2$9,402 31,782 
Exercisable options$13.77 86,531 5.1$—  
    
Options expected to vest:   Grant Date Fair Value 
December 31, 2018$15.83 9,969 6.0$6.44  
  Vested $15.72 (6,246)$6.46 
December 31, 2019$16.01 3,723 5.1$6.11 
Granted February 5, 2020$13.00 123,500 $4.53 
Granted June 30, 2020$7.33 20,000 $2.59 
Vested$13.24 (34,786)$4.68 
   Canceled, forfeited, or expired$13.14 (19,437)$4.62 
December 31, 2020$11.78 93,000 9.2$5.53 
Schedule of Stock Options by Exercise Price Range
The following table summarizes information about stock options outstanding as of December 31, 2020:
Range of Exercise PricesOutstanding Stock OptionsExercisable Stock Options
SharesWeighted AverageSharesWeighted Average Exercise Price
Exercise PriceRemaining Contractual Life in Years
$11.35 11,713 $11.35 1.1011,713 $11.35 
$13.70 13,994 $13.70 2.1013,994 $13.70 
$14.76 8,109 $14.76 3.138,109 $14.76 
$16.01 20,715 $16.01 4.1120,715 $16.01 
$13.00 105,000 $13.00 9.1032,000 $13.00 
$7.33 20,000 $7.33 9.50— $7.33 
 179,531   86,531  
Schedule of Stock Awards Plan Activity
A summary of plan activity for the 2005 and 2015 Stock Awards Plans is as follows:
SharesWeighted Average
Grant Date Fair Value
Outstanding December 31, 2018142,174 $11.45 
Granted February 6, 201944,949 $15.72 
Vested (84,734)$11.76 
Forfeited (1,614)$12.44 
Outstanding December 31, 2019100,775 $13.28 
Granted February 5, 202045,418 $13.00 
Granted November 10, 202050,000 $5.65 
Vested(81,233)$12.87 
Forfeited(17,535)$13.11 
Outstanding December 31, 202097,425 $11.97 
Schedule of Nonvested Performance- based Units Activity
A summary of the status of our non-vested performance-based restricted stock awards as of December 31, 2020, and changes during fiscal 2020, were as follows:
Units(1)
Weighted-Average Grant Date Fair Value
Outstanding December 31, 201977,986 $13.66 
Granted(2)
36,647 $13.00 
Vested(3)
(64,711)$13.21 
Forfeited/Canceled(20,558)$13.73 
Non-vested December 31, 202029,364 $13.76 
(1) The number of units presented is based on achieving the targeted performance goals as defined in the performance award agreement. As of December 31, 2020, the maximum number of non-vested shares under the provisions of the agreement was 44,046.
(2) Contingent shares have been excluded from the table above.
(3) Excludes the vesting of an additional 5,074 shares due to performance conditions of the awards exceeding target.