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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Company's Stock Option Activity

Following is a summary of the Company’s stock option activity for the three years ended December 31, 2020:

		Number of Options				Weighted Average Exercise Price
Outstanding at December 31, 2017			674,000			$	3.43
Granted			495,000				6.72
Exercised			(52,000	)			2.08
Cancelled / forfeited			(6,000	)			3.20
Outstanding at December 31, 2018			1,111,000				4.95
Granted			683,000				6.48
Exercised			(6,000	)			1.18
Cancelled / forfeited			(67,000	)			6.35
Outstanding at December 31, 2019			1,721,000				5.52
Granted			800,000				15.49
Exercised			(305,000	)			4.36
Cancelled / forfeited			(207,000	)			8.04
Outstanding at December 31, 2020			2,009,000			$	9.40

Summary of Information Regarding the Company's Outstanding and Exercisable Stock Options

The table below summarizes information regarding the Company’s outstanding and exercisable stock options as of December 31, 2020:

Range of Exercise Prices:		Options Outstanding				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price
$0.01 to $4.00			355,000				5.2			$	3.56
$4.01 to $8.00			904,000				8.0				6.65
$8.01 to $12.00			—				—				—
$12.01 to $16.00			750,000				9.1				15.49
			2,009,000				7.9			$	9.40

Range of Exercise Prices:		Options Exercisable				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price
$0.01 to $4.00			222,000				5.2			$	3.59
$4.01 to $8.00			164,000				7.8				6.74
$8.01 to $12.00			—				—				—
$12.01 to $16.00			—				—				—
			386,000				6.3			$	4.93

Summary of Assumptions with Respect to the Black-Scholes Option Pricing Model

The Company used the following average assumptions with respect to the Black-Scholes option pricing model for Mastech Digital stock options issued during 2020, 2019 and 2018.

		Years Ended December 31,
		2020				2019				2018
Stock option grants:
Weighted-average risk-free interest rate			1.4	%			2.4	%			2.8	%
Weighted-average dividend yield			0.0	%			0.0	%			0.0	%
Expected volatility			52.7	%			49.7	%			50.6	%
Expected term (in years)			3.9				5.0				5.0
Weighted-average fair value		$	6.36			$	2.95			$	3.15

Summary of Mastech's Restricted Stock Unit Activity

Following is a summary of Mastech’s restricted stock activity for the three years ended December 31, 2020:

		Years Ended December 31,
		2020				2019				2018
Beginning outstanding balance			33,285				34,380				30,500
Awarded			11,475				16,365				25,380
Released			(13,917	)			(17,460	)			(21,500	)
Forfeited			—				—				—
Ending outstanding balance			30,843				33,285				34,380

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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 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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