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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
STOCKHOLDERS' EQUITY  
Schedule of assumptions used in calculating fair value of RSUs

Year Ended

December 31, 2020

Weighted average value per performance based RSUs granted during the period

$

6.13

Assumptions:

Stock price volatility(1)

51.79

%

Risk free rate of return

1.22

%

Expected term

3.9

years

(1)Due to the Company’s limited historical data, expected volatility was estimated using volatilities of peer entities as defined in the award agreements whose share prices and assumptions were publicly available.
Schedule of the restricted stock transactions

The following table sets forth the restricted stock unit transactions for the periods indicated:

    

Number of
Shares

    

Weighted
Average Grant
Date Fair Value
Per Share

    

Aggregate
Intrinsic
Value(1)
(In thousands)

Unvested outstanding shares at December 31, 2020

874,134

$

9.48

$

3,287

Granted

12,000

8.00

Vested

(95,994)

11.51

Forfeited

(14,625)

11.89

Unvested outstanding shares at December 31, 2021

775,515

$

9.16

$

2,914

Granted

225,700

13.75

Vested

(98,121)

11.40

Forfeited

(13,700)

12.20

Unvested outstanding shares at December 31, 2022

889,394

$

10.03

$

3,993

Granted

30,000

10.68

Vested

(158,845)

12.48

Forfeited

(509,013)

9.04

Unvested outstanding shares at December 31, 2023

251,536

10.56

1,141

Granted

Vested

Forfeited

(104,499)

7.28

Unvested outstanding shares at December 31, 2024

147,037

$

12.90

$

192

(1)The intrinsic value of restricted stock was calculated as the closing market price on December 31, 2024 and 2023 of the underlying stock multiplied by the number of restricted shares that would be issuable. There were no shares vested during the year ended December 31, 2024.
Schedule of assumptions used in calculating fair value of the Company's stock-based compensation

Year Ended

    

December 31, 2020

  

Weighted average value per option granted during the period

$

3.36

Assumptions:

Stock price volatility(1)

61.87

%

Risk free rate of return

1.21

%

Expected term

4.75

years

(1)Due to the Company’s limited historical data, expected volatility was estimated using volatilities of similar entities whose share or option prices and assumptions were publicly available.