STOCK PLANS (Tables)

3 Months Ended

Mar. 31, 2021

STOCK PLANS [Abstract]

Stock Option Activity

The following table presents the activity related to stock options for the three months ended March 31, 2021:

	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Options outstanding at Beginning of Period		607,631		$	8.91
Granted		—			—
Expired		—			—
Cancelled / Forfeited		—			—
Exercised		(9,684	)		3.31
Options outstanding at End of Period		597,947			9.01	$	1,008,507		6.58
Exercisable (vested) at End of Period		394,704		$	8.21	$	977,478		5.61

Activity Related to Restricted Stock

The following table presents the activity related to non-vested restricted stock for the three months ended March 31, 2021:

	Number of Shares		Weighted Average Grant-Date Fair Value		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Non-vested Restricted stock outstanding at Beginning of Period		148,699	$	10.31
Granted		40,320		10.43
Cancelled/Forfeited		—		—
Exercised/Released/Vested		(28,872)		9.65
Non-vested restricted stock outstanding at End of Period		160,147	$	10.46	$	1,693,555		2.94

Weighted Average Assumptions Used in Valuing ESPP

A summary of the weighted average assumptions used in valuing ESPP issuances during the three months ended March 31, 2021 is presented below:

	Three Months Ended March 31, 2021
Risk Free Interest Rate		0.10	%
Expected Dividend Yield		0.00	%
Expected Life in Years		1.00
Expected Price Volatility		25.30	%