XML 35 R24.htm IDEA: XBRL DOCUMENT v3.19.2
SHARE-BASED COMPENSATION AND OTHER COMPENSATION AGREEMENTS (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

Following is a summary of stock option activity and number of shares reserved for outstanding options:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options

 

Number of shares

(in thousands)

 

Weighted Average Exercise Price per Share

 

Weighted Average Remaining Contractual Term

 

Weighted Average Grant Date Fair Value

Outstanding at December 31, 2017

 

382

 

 

$

4.70

 

 

1.41 years

 

 

$

2.57

 

Issued

 

31

 

2.46

 

 

4.24 years

  

 

1.61

 

Outstanding at December 31, 2018

 

413

 

 

$

4.53

 

 

0.70 years

 

 

$

2.49

 

Issued

 

62

 

 

1.27

 

 

4.71 years

 

 

 

0.80

 

Expired


(322 )

4.57

years


2.51

Outstanding at June 30, 2019

 

153

 

 

$

3.13

 

 

2.78 years

 

 

$

1.77

 

Exercisable at June 30, 2019

 

70

 

 

$

4.97

 

 

0.80 years

 

 

$

2.66

 

Securities available for grant at June 30, 2019*

 

1,796

 

 

 

 

 


 

 

*Securities available for grant include securities available for stock option grants and RSUs. In accordance with the terms of the LTIP, the last date upon which the Committee could grant new awards was July 1, 2019, the ten-year anniversary of the effective date of the LTIP.

Schedule of Weighted Average Assumptions

The weighted average assumptions relating to the valuation of the Company's stock options awarded in 2019 and 2018 are shown below.


 

 

 

2019

 



2018
Weighted average grant-date fair value per option $ 0.80
$ 1.61
Volatility

77.00 %

80.40 %
Risk-free interest rate

2.40 %

2.59 %
Expected life (in years)

5.00


5.00
Expected dividend yield    
%

%
Summary of restricted stock units

Following is a summary of RSU activity:

Restricted Stock Units
 
Number of shares
(in thousands)
 
Weighted Average Remaining Contractual Term
 
Weighted Average Grant Date Fair Value
Outstanding at December 31, 2017

23


0.35 years


$
2.37

Granted

112


1.43 years



2.19

Vested

(23
)

years



2.37

Outstanding at December 31, 2018
 
112

 
1.43 years

 
$
2.19

Granted
 
109
 
 
2.71 years
 
 
 
1.27
 
Outstanding at June 30, 2019
 
221

 
1.81 years

 
$
1.74