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STOCK COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2019
Summary of Stock Option Activity and Related Information
A summary of the Company’s stock option activity and related information for the six months ended June 30, 2019 is as follows:
 
  
Options
  
Weighted-
average
exercise price
  
Weighted-
average
remaining
contractual
life (years)
  
Aggregate
intrinsic
value
 
Options outstanding, January 1, 2019
  1,548,825  $13.87         
Grants
  296,500   9.21         
Exercises
  (75,000  4.28         
Cancellations
  (6,750  13.34         
Expirations
  (68,125  15.57         
  
 
 
             
Options outstanding, June 30, 2019
  1,695,450   13.41   4.9  $87,425 
  
 
 
          
 
 
 
Options exercisable, June 30, 2019
  1,212,172  $14.27   3.1  $87,425 
  
 
 
          
 
 
 
Summary of Restricted Stock Activity
A summary of the Company’s restricted stock activity and related information for the six months ended June 30, 2019 is as follows:
 
  
Restricted
Shares
  
Weighted-
average grant
date fair
value
 
Non-vested restricted shares, January 1, 2019
  326,545  $14.63 
Grants
  437,997   9.26 
Vested
  (145,049  14.49 
Cancellations
  (24,362  13.99 
  
 
 
     
Non-vested restricted shares, June 30, 2019
  595,131  $10.74 
  
 
 
     
Total unrecognized compensation expense remaining
 $5,904,000     
Weighted-average years expected to be recognized over
  1.8     
Summary of Performance-based Award Activity
A summary of the Company’s performance-based award activity and related information for the six months ended June 30, 2019 is as follows:
 
  
Performance-
based stock
awards
(1)
  
Weighted-
average grant
date fair
value
 
Non-vested performance-based awards, January 1, 2019
  339,287  $14.82 
Grants
  156,775   9.21 
Vested
  (66,761  15.69 
Cancellations
  (25,767  15.46 
  
 
 
     
Non-vested performance-based awards, June 30, 2019
  403,534  $12.45 
  
 
 
     
Total unrecognized compensation expense remaining
 $3,037,000     
Weighted-average years expected to be recognized over
  1.9     
 
(1)
Represents the target number of shares to be issued for each performance-based award.