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Stock-Based Compensation and Stock Options (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Weighted-Average Assumptions used in Black-Scholes Option Pricing Model

The fair value of 2019 and 2018 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:

	2019				2018
Weighted-average fair value of options granted per share	$	8.78			$	6.63
Historical volatility	60		%		46		%
Risk-free interest rate	2.10		%		2.84		%
Dividend yield	—				—
Expected life in years	3.6				5.7

Schedule of Option Activity

Option activities during the years ended December 31, 2018 and 2019 were as follows:

	Shares			Weighted-Average Exercise Price				Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value
										(In thousands)
Outstanding at January 1, 2018	950,000			$	8.75			8.48 years
Option Granted	250,000			$	15.47
Options forfeited and canceled	(150,000	)		$	14.68
Outstanding at December 31, 2018	1,050,000			$	9.50			7.53 years
Option Granted	100,000			$	19.28
Exercised options	(300,000	)		$	7.22
Options forfeited and canceled	(100,000	)		$	19.74
Outstanding at December 31, 2019	750,000			$	10.35			6.01 years		$	1,615
Exercisable and fully vested at December 31, 2019	600,000			$	8.57			6.22 years		$	1,615
Outstanding at December 31, 2019 and expected to vest thereafter	150,000			$	17.48			5.15 years		$	—

Schedule of Outstanding Options

Outstanding options at December 31, 2019 were as follows:

Exercise Price				Options Outstanding			Options Outstanding Weighted-Average Remaining Contractual Life		Weighted-Average Exercise Price				Options Outstanding and Exercisable			Options Exercisable Weighted-Average Remaining Contractual Life
$	8.07			400,000			5.75 years		$	8.07			400,000			5.75 years
$	6.95			150,000			7.84 years		$	6.95			150,000			7.84 years
$	14.70			50,000			8.37 years		$	14.70			12,500			8.37 years
$	16.65			50,000			3.47 years		$	16.65			12,500			3.47 years
$	19.28			100,000			4.39 years		$	19.28			25,000			4.39 years
				750,000									600,000

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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