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STOCK PLANS (Tables)
 3 Months Ended
Mar. 31, 2024
STOCK PLANS [Abstract]  
Stock Option Activity
The following table presents the activity related to stock options for the three months ended March 31, 2024:

 
  
Number of
Shares
    
Weighted
Average
Exercise
Price
    
Aggregate
Intrinsic
Value
    
Weighted
Average
Remaining
Contractual
Term (in years)
  
Options outstanding at Beginning of Period
    
642,779
    
$
8.40
              
Granted
    
—
      
—
              
Expired
    
—
      
—
              
Cancelled / Forfeited
    
—
      
—
              
Exercised
    
(20,028
)
    
4.64
              
Options outstanding at End of Period
    
622,751
    
8.52
    
$
435,548
      
4.59
  
Exercisable (vested) at End of Period
    
599,067
    
$
8.49
    
$
435,548
      
4.46
  
Activity Related to Restricted Stock
The following table presents the activity related to non-vested restricted stock for the three months ended March 31, 2024:

 
  
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
    
274,268
    
$
8.72
  
 
          
Granted
    
79,576
      
8.29
               
Cancelled/Forfeited
    
(19,212
)
    
8.77
               
Exercised/Released/Vested
    
(45,074
)
    
9.21
          
Non-vested restricted stock outstanding at End of Period
    
289,558
    
$
8.52
 $
2,617,604
  
2.88
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, 2024 is presented below:
 
 
Three Months Ended
March 31, 2024
  
Risk Free Interest Rate
    
5.27
%
         
Expected Dividend Yield
    
0.00
%
         
Expected Life in Years
    
1.00
  
         
Expected Price Volatility
    
25.96
%