XML 111 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Summary about the Company's Common Stock restricted stock units granted, vested, exercised and forfeited
The following table summarizes information about the Company’s Common Stock RSU’s granted, vested, exercised and forfeited:
 
Number of
Awards
 
Weighted
Average Issue
Price
Awards outstanding - January 1, 2017
859,251

 
$
11.73

Issued
360,741

 
$
11.91

Vested and restriction lapsed
(204,198
)
 
$
11.05

Forfeited
(127,403
)
 
$
10.04

Awards outstanding - December 31, 2017
888,391

 
$
12.12

Issued
425,150

 
$
13.23

Vested and restriction lapsed
(225,339
)
 
$
10.52

Forfeited
(65,928
)
 
$
10.52

Awards outstanding - December 31, 2018
1,022,274

 
$
13.04

Issued
277,711

 
$
21.76

Vested and restriction lapsed
(425,041
)
 
$
9.79

Forfeited
(89,779
)
 
$
11.85

Awards outstanding - December 31, 2019
785,165

 
$
18.02
Summary about the Company's Common Stock performance restricted stock units granted, vested, exercised and forfeited
The following table summarizes information about the Company’s Common Stock PRSU’s granted, vested, exercised and forfeited:
 
Number of Awards
 
Weighted Average Issue Price
Awards outstanding -January 1, 2017
234,840

 
$
9.15

Issued
270,765

 
$
11.79

Vested and restriction lapsed
(87,622
)
 
$
11.75

Forfeited
(62,865
)
 
$
9.48

Awards outstanding - December 31, 2017
355,118

 
$
10.46

Issued
171,580

 
$
9.63

Vested and restriction lapsed
(292,963
)
 
$
8.45

Forfeited
(25,650
)
 
$
9.83

Awards outstanding - December 31, 2018
208,085

 
$
12.68

Issued
148,118

 
$
19.31

Vested and restriction lapsed
(25,000
)
 
$
9.17

Forfeited
(8,739
)
 
$
12.90

Awards outstanding - December 31, 2019
322,464

 
$
15.99
Summary about the stock appreciate rights granted, forfeited, vested and exercisable
The following table summarizes information about SARs granted, forfeited, vested and exercisable:
 
Number of
SAR’s
 
Weighted  Average
Exercise
Price
 
Weighted
Average
Contractual
Term
SAR's outstanding - January 1, 2017
2,508,015

 
$
10.22

 
 
Granted
—

 
$
—

 
 
Exercised
(700,765
)
 
$
10.36

 
 
Forfeited
(105,981
)
 
$
9.66

 
 
SAR's outstanding - December 31, 2017
1,701,269

 
$
10.20

 
5.7 years
Granted
—

 
$
—

 
 
Exercised
(610,541
)
 
$
10.13

 
 
Forfeited
(54,051
)
 
$
11.08

 
 
SAR's outstanding - December 31, 2018
1,036,677

 
$
10.19

 
4.7 years
Granted
—

 
$
—

 
 
Exercised
(85,652
)
 
$
10.54

 
 
Forfeited
(50,723
)
 
$
10.82

 
 
SAR's outstanding - December 31, 2019
900,302

 
$
10.12

 
3.8 years
SAR's exercisable - December 31, 2019
879,494

 
$
10.16

 
3.8 years
SAR's expected to vest - December 31, 2019
20,808

 
$
8.57

 
3.8 years
Assumptions for Black-Scholes options pricing model/Estimated fair value of SAR grant using Black-Scholes options pricing model The fair value of each SAR grant is estimated using the Black-Scholes option-pricing model as set forth in the table below:
 
2019
 
2018
 
2017
The weighted average fair value of stock appreciation rights issued (per unit)
$2.79 - $3.74
 
$2.79 - $3.74
 
$2.79 - $3.74
Dividend yield
—%
 
—%
 
—%
Weighted average risk-free interest rate
1.1% - 1.4%
 
1.1% - 1.4%
 
1.1% - 1.4%
Weighted average expected volatility
40%
 
40%
 
40%
Expected life in years
6.25
 
6.25
 
6.25