SHARE OPTION PLAN (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Summary of share option transactions

The following summarizes share option transactions related to the Option Scheme in 2019, 2018 and 2017: 

	2019			2018			2017
	Options		Weighted average exercise price $	Options		Weighted average exercise price $	Options		Weighted average exercise price $
Options outstanding at beginning of year	417,500		11.43	369,500		12.20	279,000		13.03
Granted	525,000		12.19	83,000		14.67	113,000		14.30
Exercised	(65,000	)	9.92	—		—	(7,500	)	11.78
Forfeited	(42,500	)	11.80	(35,000	)	10.03	(15,000	)	11.78
Options outstanding at end of year	835,000		10.72	417,500		11.43	369,500		12.20
Exercisable at end of year	236,167		9.58	111,500		10.03	85,500		11.43