Note 11 - Share-based Compensation

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

NOTE

11

— SHARE-BASED COMPENSATION

 

The following table summarizes stock option activity during the

nine

months ended

September 30, 2020

: 

				Weighted Average
	Options			Exercise Price
Outstanding as of December 31, 2019		54,362		$	11.16
Forfeited		(54,362	)	$	11.16
Outstanding as of September 30, 2020		—		$	—
Exercisable as of September 30, 2020		—		$	—

The following table summarizes the Company's restricted stock unit and performance award activity during the

nine

months ended

September 30, 2020

: 

				Weighted Average
	Number of			Grant-Date Fair Value
	Shares			Per Share
Unvested as of December 31, 2019		1,356,915		$	2.39
Granted		507,416		$	1.55
Vested		(360,359	)	$	2.42
Forfeited		(180,755	)	$	3.84
Unvested as of September 30, 2020		1,323,217		$	1.85

The following table summarizes share-based compensation expense included in the Company's condensed consolidated statements of operations for the

nine

months ended

September 30, 2020

and

2019

, as follows: 

	Nine Months Ended September 30,
	2020		2019
Share-based compensation expense:
Cost of sales	$	74	$	91
Selling, general and administrative		689		674
Net effect of share-based compensation expense on net income	$	763	$	765
Reduction in earnings per share:
Basic earnings per share	$	0.05	$	0.05
Diluted earnings per share	$	0.04	$	0.05