XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 6 - Stock-based Compensation | 9 Months Ended
--- | ---
Sep. 30, 2020
Notes to Financial Statements |
Shareholders' Equity and Share-based Payments [Text Block] | 6. STOCK-BASED COMPENSATION We recorded non-cash stock compensation expense in each period as follows:
|  | Three-month period ended |  |  | Nine-month period ended |
|  | September 30, |  |  | September 29, |  |  | September 30, |  |  | September 29, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Stock options |  | $ | 204 |  |  | $ | 117 |  |  | $ | 674 |  |  | $ | 433 |
Restricted stock grants |  |  | 18 |  |  |  | 42 |  |  |  | 82 |  |  |  | 86 |
Total |  | $ | 222 |  |  | $ | 159 |  |  | $ | 756 |  |  | $ | 519 |
We have stock options outstanding from various stock-based employee compensation plans for which we record compensation cost relating to share-based payment transactions in our financial statements. As of September 30, 2020, there was $720 of total unrecognized compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 1.4 years. The following table summarizes stock option activity for the nine-month period ended September 30, 2020:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2020 |  |  | 1,541,792 |  |  | $ | 6.88 |  |  |  |  |  |  |  |  |
Granted |  |  | 256,000 |  |  |  | 6.51 |  |  |  |  |  |  |  |  |
Exercised |  |  | (50,797 | ) |  |  | 4.29 |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | (17,584 | ) |  |  | 7.72 |  |  |  |  |  |  |  |  |
Outstanding at September 30, 2020 |  |  | 1,729,411 |  |  | $ | 6.89 |  |  |  | 3.06 |  |  | $ | 745 |
Vested and expected to vest at September 30, 2020 |  |  | 1,626,494 |  |  | $ | 6.84 |  |  |  | 2.88 |  |  | $ | 745 |
Exercisable at September 30, 2020 |  |  | 1,244,119 |  |  | $ | 6.63 |  |  |  | 1.92 |  |  | $ | 745 |
The following assumptions were used to value stock options granted during the nine months ended September 30, 2020:
Risk-Free Interest Rate |  |  | 0.4 | %
Volatility Factor |  |  | 49 | %
Weighted Average Expected Life (Years) |  |  | 5.3 |
Dividends |  |  | 0.0 | %
The weighted average grant date fair value of options granted during the nine months ended September 30, 2020 was $2.78. Cash received from stock option exercises under our stock-based compensation plans for the three-month periods ended September 30, 2020 and September 29, 2019 was $142 and $388, respectively. Cash received from stock option exercises under our stock-based compensation plans for the nine-month periods ended September 30, 2020 and September 29, 2019 was $218 and $866, respectively. In April 2019, 20,000 shares of restricted stock were awarded to certain of our employees at a weighted-average grant date fair value of $11.12 per share. In January 2018, 17,500 shares of restricted stock were awarded to certain of our employees at a weighted-average grant date fair value of $7.16 per share. All outstanding restricted shares vest in equal annual installments over three years. Unrecognized compensation cost related to these restricted shares was $63 at September 30, 2020, which is expected to be recognized over a weighted average period of 1.5 years.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 2: 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_ShareholdersEquityAndShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration