Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

A summary of restricted stock and performance stock units (“PSU”) granted pursuant to our long-term incentive plan follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018

Restricted stock		8,000		-		64,267		53,420
PSU		-		-		22,016		19,986

A summary of outstanding stock option grants and related transactions follows:

	Number of Shares			Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregated Intrinsic Value
								(In thousands)
Outstanding at January 1, 2019		211,421		$	6.48
Granted		-
Exercised		(70,299	)		9.98
Forfeited		-
Expired		(1,116	)		22.35
Outstanding at September 30, 2019		140,006		$	4.60		3.2	$	2,340
Vested and expected to vest at September 30, 2019		140,006		$	4.60		3.2	$	2,340
Exercisable at September 30, 2019		140,006		$	4.60		3.2	$	2,340

A summary of outstanding non-vested restricted stock and PSUs and related transactions follows:

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2019		258,419		$	19.00
Granted		86,283			22.87
Vested		(85,978	)		14.57
Forfeited		(12,998	)		22.85
Outstanding at September 30, 2019		245,726		$	21.72

Certain information regarding options exercised during the periods follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(In thousands)
Intrinsic value	$	32	$	153	$	868	$	1,827
Cash proceeds received	$	6	$	58	$	701	$	1,042
Tax benefit realized	$	6	$	32	$	182	$	384