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STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation, restricted stock quantity and vesting conditions
The following table presents a summary of the quantity and vesting conditions for stock-based units granted to the Company's employees for the three months ended March 31, 2019:
Vesting conditions
 
Number of Restricted Stock Units Granted
Performance and service conditions (1) (2)
 
195,000


(1) 
The performance conditions with respect to restricted stock units may be satisfied as follows: 
(a)
For employees from the Americas, APAC, and Europe 70% of the restricted stock units may be earned on the basis of performance as measured by a "regional adjusted EBITDA," and 30% of the restricted stock units may be earned on the basis of performance as measured by a "group adjusted EBITDA"; and
(b)
For employees from the Corporate office 50% of the restricted stock units may be earned on the basis of performance as measured by a "group adjusted EBITDA," and 50% of the restricted stock units may be earned on the basis of performance as measured by a "corporate costs" target.
(2) 
To the extent restricted stock units are earned on the basis of performance, such restricted stock units will vest on the basis of service as follows:
(a)
33% of the restricted stock units will vest on the first anniversary of the grant date;
(b)
33% of the restricted stock units will vest on the second anniversary of the grant date; and
(c)
34% of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.
Schedule of stock-based compensation expense
For the three months ended March 31, 2019 and 2018, the Company’s stock-based compensation expense related to stock options and restricted stock units was as follows:
 
 
Three Months Ended March 31,
 
 
2019
 
2018
Stock options
 
$
—

 
$
—

Restricted stock units
 
184

 
696

Total
 
$
184

 
$
696
Changes in stock options
Changes in the Company’s stock options for the three months ended March 31, 2019 and 2018 were as follows: 
 
Three Months Ended March 31,
 
2019
 
2018
 
Number of
Options
 
Weighted
Average
Exercise Price
per Share
 
Number of
Options
 
Weighted
Average
Exercise Price
per Share
Options outstanding at January 1,
50,000

 
$
2.49

 
100,000

 
$
3.86

Expired/forfeited
—

 
—

 
—

 
—

Options outstanding at March 31,
50,000

 
$
2.49

 
100,000

 
$
3.86

Options exercisable at March 31,
50,000

 
$
2.49

 
100,000

 
$
3.86
Changes in restricted stock units
Changes in the Company’s restricted stock units for the three months ended March 31, 2019 and 2018 were as follows:
 
Three Months Ended March 31,
 
2019
 
2018
 
Number of
Restricted
Stock Units
 
Weighted
Average
Grant-Date
Fair Value
 
Number of
Restricted
Stock Units
 
Weighted
Average
Grant-Date
Fair Value
Unvested restricted stock units at January 1,
577,725

 
$
1.57

 
1,088,933

 
$
1.16

Granted
251,048

 
$
1.53

 
45,329

 
$
2.14

Shares earned above target (a)
7,223

 
$
1.70

 
244,855

 
$
1.00

Vested
(277,937
)
 
$
1.62

 
(498,919
)
 
$
1.28

Forfeited
(60,702
)
 
$
1.70

 
(7,515
)
 
$
1.00

Unvested restricted stock units at March 31,
497,357

 
$
1.54

 
872,683

 
$
1.10



(a) 
The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date.