STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quantity and vesting conditions for shares of restricted stock granted

A summary of the quantity and vesting conditions for stock-based units granted to the Company's employees for the year ended December 31, 2019 was as follows:



Vesting conditions		Number of Restricted Stock Units Granted
Performance and service conditions - Type 1 ⁽¹⁾		19,500
Performance and service conditions - Type 2 ⁽¹⁾		31,334
Total shares of stock award granted		50,834


(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 75% of the restricted stock units may be earned on the basis of performance as measured by a "group adjusted EBITDA", and 25% of the restricted stock units may be earned on the basis of performance as measured by a "corporate costs" target.

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% and 66.6% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the first anniversary of the grant date;


(b)	33% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the second anniversary of the grant date; and


(c)	34% and 16.7% for Type 1 and Type 2, respectively, 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 years ended December 31, 2019 and 2018, the Company’s stock-based compensation expense related to restricted stock units, which are included in the accompanying Consolidated Statements of Operations, were as follows:



	For The Year Ended December 31,
	2019		2018
Restricted stock units	$	961	$	1,539
Tax benefits recognized in jurisdictions where the Company has taxable income	$	31	$	15

Schedule of unrecognized compensation cost, nonvested awards

As of December 31, 2019 and 2018, unrecognized compensation expense and weighted average period over which the compensation expense is expected to be recognized relating to the unvested portion of the Company's restricted stock unit awards, based on the Company's historical valuation treatment, were as follows:



	As of December 31,
	2019			2018
	Unrecognized Expense		Weighted Average Period in Years	Unrecognized Expense		Weighted Average Period in Years
Restricted stock units	$	278	0.9	$	294	1.7

Changes in stock options

Changes in the Company’s stock options for the years ended December 31, 2019 and 2018 were as follows:



	For The Year Ended December 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,	5,000	$	24.90	10,000		$	38.55
Expired/forfeited	—	—		(5,000	)	52.20
Options outstanding at December 31,	5,000	$	24.90	5,000		$	24.90
Options exercisable at December 31,	5,000	$	24.90	5,000		$	24.90

Weighted average remaining contractual term and Instrinsic value of stock options

The weighted average remaining contractual term and the aggregated intrinsic value for stock options outstanding and exercisable as of December 31, 2019 and 2018 were as follows:



	As of December 31,
	2019			2018
	Remaining Contractual Term in Years	Aggregated Intrinsic Value		Remaining Contractual Term in Years	Aggregated Intrinsic Value
Stock options outstanding	0.8	$	—	1.8	$	—
Stock options exercisable	0.8	$	—	1.8	$	—

Changes in restricted stock units

The total fair value of restricted stock units vested during the years ended December 31, 2019 and 2018 were as follows:



	For The Year Ended December 31,
	2019		2018
Fair value of restricted stock units vested	$	1,016	$	2,792

Restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Disclosure of share based compensation arrangements other than options fair value vested

Changes in the Company’s restricted stock units arising from grants to certain employees and non-employee directors for the years ended December 31, 2019 and 2018 were as follows:



	For The Year Ended December 31,
	2019				2018
	Number of Shares of Restricted Stock Units		Weighted Average Grant-Date Fair Value		Number of Shares of Restricted Stock Units		Weighted Average Grant-Date Fair Value
Unvested restricted stock units at January 1,	57,773		$	15.68	108,894		$	11.63
Granted	88,906		14.92		71,760		17.30
Shares earned above target (a)	723		17.00		24,486		10.00
Vested	(68,876	)	14.87		(146,564	)	12.54
Forfeited	(15,090	)	15.38		(803	)	10.00
Unvested restricted stock units at December 31,	63,436		$	15.12	57,773		$	15.68


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