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CAPITAL TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Stock option activity for 2019 and 2018 consisted of the following (share amounts in thousands, except for per share information):


	Number of Shares	Weighted-Average Exercise Price Per Share
Options outstanding at December 31, 2017	1,390	$	12.20
Granted	50	8.43
Forfeited or canceled	(227)	13.87
Exercised	(99)	6.10
Options outstanding at December 31, 2018	1,114	12.23
Granted	25	8.72
Forfeited or canceled	(797)	12.87
Exercised	(52)	4.98
Options outstanding at December 31, 2019	290	$	11.49

Schedule of weighted-average assumptions using Black-Scholes option-pricing model for estimating fair value of each option granted

The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted-average assumptions for the years ended December 31, 2019 and 2018:


	2019			2018
Weighted-average grant date fair value of grants	$	3.44		$3.0 to $3.5
Expected life (in years)	5.0			5.0
Risk-free interest rate	1.5		%	2.8	%
Expected volatility	43.2		%	38.2	%
Dividend yield	—		%	—	%

Summary of options outstanding and exercisable

The following table summarizes information about options outstanding and exercisable at December 31, 2019 (share amounts in thousands, except per share information):


	Options Outstanding						Options Exercisable
Range of Option Prices Per Share	Options Outstanding	Weighted-Avg. Remaining Contractual Life	Weighted-Avg. Exercise Price Per Share		Options Exercisable	Weighted-Avg. Remaining Contractual Life	Weighted-Avg. Exercise Price Per Share
$2.35 to $9.99	76	6.2	$	7.83	76	6.2	$	7.83
$10.00 to $13.99	189	3.9	12.32		189	3.9	12.32
$14.00 to $17.70	25	3.7	16.33		25	3.7	16.33
	290				290

Schedule of restricted stock unit activity

Restricted stock unit activity for the years ended December 31, 2019 and 2018 is as follows: (share amounts in thousands, except per share information):


	Number of Shares	Weighted-Average Grant Date Fair Value
Units outstanding at December 31, 2017	728	$	11.56
Granted	692	7.63
Issued	(257)	11.78
Forfeited	(105)	12.17
Units outstanding at December 31, 2018	1,058	8.87
Granted	333	7.23
Issued	(179)	10.21
Forfeited	(391)	9.88
Units outstanding at December 31, 2019	821	$	7.43