Stock Based Compensation

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Stock Based Compensation

Note 10 - Stock Based Compensation

We adopted the 2009 Stock Incentive Plan as amended (the “Plan”) to attract, retain and reward directors and other persons who provide services to us in the course of operations. The Plan authorizes the Board to grant awards including common stock, restricted shares of common stock (“RSUs”), stock options, performance shares, performance units, stock appreciation rights and other equity and cash-based awards (collectively, “Awards”), subject to terms as provided in the Plan. At December 31, 2019, there were 1,131 shares available for future issuance under the Plan. In January 2020, we granted 310 RSU's to ACM and 144 RSU's to the Board, leaving 677 shares available for future issuance.

Activity related to awards for the years ended December 31, 2019, December 31, 2018 and December 31, 2017 are summarized below:

	December 31, 2019				December 31, 2018				December 31, 2017
	Number of Awards		Weighted Average Grant Date Fair Value per Award		Number of Awards		Weighted Average Grant Date Fair Value per Award		Number of Awards		Weighted Average Grant Date Fair Value per Award
Unvested RSU Awards Outstanding beginning of period	360		$	24.82	472		$	24.82	32		$	39.80
Granted (1)	6		$	18.71	—		$	—	472		$	24.82
Vested	(119	)	$	18.05	(112	)	$	22.70	(32	)	$	39.80
Unvested RSU Awards Outstanding end of period	247		$	24.82	360		$	24.82	472		$	24.82

(1) On July 24, 2019, we granted newly appointed Board member, 6 RSU shares under the Plan, these shares fully vested on November 20, 2019.

At December 31, 2019, there was approximately $6,150 of unvested stock based compensation related to the Awards (based on a weighted average grant date price of $24.82 per share), that we expect to recognize as an expense over the remaining average service period of 2.9 years. Our policy is to account for forfeitures as they occur. We also pay our non-executive Board quarterly fees of $33, which is payable in cash, common stock, or a combination of common stock and cash at the option of the director.