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Share-Based Compensation
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company recognized total share-based compensation expense in selling, general and administrative expenses in the consolidated statement of operations of $802 and $801 for the three months ended June 30, 2020 and 2019, respectively, and $1,201 and $1,042 for the six months ended June 30, 2020 and 2019, respectively. The Company's related share-based compensation is comprised of the following:

Restricted Stock Units

During the six months ended June 30, 2020 and 2019, the Company granted certain employees and executive officers equity awards in the form of restricted stock units ("RSU") that are subject to a combination of time and performance-based conditions under the 2017 Equity Compensation Plan (the "2017 Plan"), totaling 723 and 758 RSUs, respectively. No RSU's were granted during the three months ended June 30, 2020 and 2019. Each RSU entitles the grantee to one unit of the Company's common stock. The time-based RSUs vest annually over a three-year period on the anniversary date of each grant. Unvested time-based RSUs will be forfeited if the grantee separates from the Company prior to its vesting date. During the six months ended June 30, 2020 and 2019, the related compensation expense was recorded based on a weighted average price per share of $3.28 and $3.23, respectively.

The number of common shares to be issued under the performance-based RSUs will be determined based on three levels of performance metrics based on the Company's earnings and will be assessed on an annual basis for the years ended December 31, 2020, 2021 and 2022 for the RSUs granted during the six months ended June 30, 2020 and for the years ended December 31, 2019, 2020 and 2021 for the RSUs granted during three months ended June 30, 2019. If the Company meets the performance metrics for any one of the measurement periods, such units will vest on the next anniversary date of the grant date. All vested RSUs will be settled on the third anniversary of the grant date. Unvested RSUs are subject to forfeiture if the grantee separates from the Company prior to its vesting date. During the three and six months ended June 30, 2020 and 2019, the Company determined it was not probable that the target performance metric would be met for each of the RSU grants and, therefore, did not record any share-based compensation expense related to such RSUs.

Deferred Stock Units

Deferred Stock Units ("DSU") issued under the 2017 Plan entitle participants to receive one share of the Company's common stock for each DSU and they will vest immediately upon separation from the Company. The compensation expense related to these units was determined based on the stock price of the Company's common stock on the grant date of the DSUs.

During the three months ended June 30, 2020 and 2019, 287 and 217 DSU's were granted at a weighted average price of $1.67 and $2.71, respectively. During the six months ended June 30, 2020 and 2019, 295 and 217 DSU's were granted at a weighted average price of $1.71 and $2.71, respectively. These DSU grants were issued to the Company's board of directors (the "Board") as part of their annual service retainer.

Stock Options

At June 30, 2020 and 2019, the Company had approximately 1,616 and 1,892 stock options outstanding, respectively, with a weighted average exercise price of $4.03 and $3.99, respectively. 500 stock options were granted during the three and six months ended June 30, 2019, No stock options were granted during the three and six months ended June 30, 2020. During the six months ended June 30, 2020 and 2019, options lapsed for approximately 263 and 551 shares, respectively, with a weighted average exercise price of $3.67 and $4.52, respectively.