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STOCK PLANS (Tables)
6 Months Ended
Jun. 30, 2021
STOCK PLANS [Abstract]  
Stock Option Activity
The following table presents the activity related to stock options for the three months ended June 30, 2021.

 
 
Number of
Shares
   
Weighted
Average
Exercise
Price
   
Aggregate
Intrinsic
Value
   
Weighted
Average
Remaining
Contractual
Term (in years)
 
Options outstanding at Beginning of Period
   
597,947
   
$
9.01
             
Granted
   
     
             
Expired
   
     
             
Cancelled / Forfeited
   
     
             
Exercised
   
     
             
Options outstanding at End of Period
   
597,947
   
$
9.01
   
$
1,342,898
     
6.33
 
Exercisable (vested) at End of Period
   
394,704
   
$
8.21
   
$
1,200,243
     
5.36
 

The following table presents the activity related to stock options for the six months ended June 30, 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
   
$
1,342,898
     
6.33
 
Exercisable (vested) at End of Period
   
394,704
   
$
8.21
   
$
1,200,243
     
5.36
 
Activity Related to Restricted Stock
The following table presents the activity related to non-vested restricted stock for the three months ended June 30,2021.

 
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
 
160,147
 
$
10.46
 
_
 
_
Granted
 
3,000
 
 
11.45
 
 
 
 
Cancelled / Forfeited
 
 
 
 
 
 
 
Exercised/Released/Vested
 
(1,708)
 
 
10.59
 
 
 
 
Non-vested restricted stock outstanding at End of Period
 
161,439
 
$
10.47
 
$
1,816,189
 
 
2.78

The following table presents the activity related to non-vested restricted stock for the six months ended June 30, 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
 
43,320
 
 
10.50
 
 
 
 
Cancelled / Forfeited
 
 
 
 
 
 
 
Exercised/Released/Vested
 
(30,580)
 
 
9.70
 
 
 
 
Non-vested restricted stock outstanding at End of Period
 
161,439
 
$
10.47
 
$
1,816,189
 
 
2.78
Weighted Average Assumptions Used in Valuing ESPP
A summary of the weighted average assumptions used in valuing ESPP issuances during the three and six months ended June 30, 2021 is presented below.

 
Three Months Ended
June 30, 2021
   
Six Months Ended
June 30, 2021
 
Risk Free Interest Rate
   
0.10
%
   
0.10
%
 
               
Expected Dividend Yield
   
0.00
%
   
0.00
%
 
               
Expected Life in Years
   
1.00
     
1.00
 
 
               
Expected Price Volatility
   
25.30
%
   
25.30
%