Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation Expense

Income tax expense was as follows:

(in thousands)	For the Year Ended December 31,
	2019			2018
Current tax (benefit) expense
Federal	$	(238	)	$	198
State	91			27
Foreign	99			—
Total current tax (benefit) expense	$	(48	)	$	225
Deferred tax expense (benefit)
Federal	$	329		$	(149	)
State	128			93
Total deferred tax expense (benefit)	457			(56		)
Total tax expense	$	409		$	169

The following table represents stock-based compensation expense and the related income tax benefits:

(in thousands)	For the Year Ended December 31,
	2019		2018
Stock-based compensation expense	$	1,248	$	2,663
Income tax benefit	$	279	$	96

Schedule of Fair Value Assumptions

The assumptions used for determining the fair value of the SARs included the following:

	For the Year Ended December 31,
	2019			2018
Market closing price of the Common Stock	$	7.00		$	7.92
Exercise price	$	7.30		$	7.92
Risk-free interest rate	2.5		%	2.6		%
Estimated price volatility	77.8		%	78.5		%
Expected term	6.51 years			6.58 years
Dividend yield	—		%	—		%
Weighted average fair value	$	4.89		$	5.63

Schedule of SAR Activity

SAR activity consisted of the following:

Number of Shares under SARs	Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2017	83,720		$	11.02	8.21	$	1
Granted	60,000		7.92			—
Exercised	—		—			—
Forfeited	(1,000	)	11.25			—
Expired	(4,700	)	11.25			—
Outstanding at December 31, 2018	138,020		9.66		8.05	89
Granted	9,000		7.30			—
Exercised	—		—			—
Forfeited	(7,334	)	9.81			—
Expired	(9,616	)	10.70			—
Outstanding at December 31, 2019	130,070		9.41		7.21	11
Exercisable at December 31, 2018	87,370		$	11.14	6.21	$	5
Exercisable at December 31, 2019	86,736		$	10.33	5.91	$	5

Schedule of Restricted Stock Activity

Restricted stock activity consisted of the following:

	Shares		Weighted-Average Grant Date Fair Value
December 31, 2017	496,273		$	12.20
Granted	50,000		10.92
Forfeited	(32,547	)	25.95
Vested	(254,440	)	10.14
Balance as of December 31, 2018	259,286		$	12.25
Granted	48,000		9.72
Forfeited	(11,226	)	14.16
Vested	(230,374	)	9.83
Balance as of December 31, 2019	65,686		$	18.58