Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Options Activity

A summary of the status of the Company’s stock options as of December 31, 2016, 2017 and 2018 and changes during the years then ended, is presented below:

	2016					2017					2018
				Weighted -					Weighted -					Weighted -
				Average					Average					Average
	Number of			Exercise		Number of			Exercise		Number of			Exercise
	Shares			Price		Shares			Price		Shares			Price
Outstanding at beginning of year		1,212,000		$	6.94		1,243,000		$	5.08		1,290,000		$	5.33
Granted		395,000			4.75		350,000			6.00		120,000			6.41
Exercised		(20,000	)		3.44		(271,000	)		4.72		(169,000	)		5.73
Forfeited or expired		(344,000	)		11.36		(32,000	)		8.26		(21,000	)		5.96
Outstanding at end of year		1,243,000		$	5.08		1,290,000		$	5.33		1,220,000		$	5.37
Exercisable at end of year		822,000		$	5.07		667,000		$	5.11		695,000		$	5.07

Summarizes Information About Stock Options Exercisable

The following table summarizes information about stock options at December 31, 2018:

	Options Outstanding						Options Exercisable
			Weighted -
			Average
			Remaining		Weighted-				Weighted-
Exercise	Number		Contractual		Average		Number		Average
Prices ($)	Outstanding		Life in Years		Exercise Price		Outstanding		Exercise Price
2.06 - 4.87		320,000		4	$	4.03		240,000	$	3.85
4.88 - 5.70		235,000		7		5.37		162,000		5.46
5.71 - 5.97		210,000		4		5.81		210,000		5.81
5.98 – 6.90		455,000		8		6.11		83,000		6.00
		1,220,000		6	$	5.37		695,000	$	5.07

	As of December 31, 2018
			Weighted Average Remaining
	Aggregate Intrinsic Value		Contractual Life in Years
Options outstanding	$	558,000		6
Options exercisable	$	448,000		5

Schedule of Fair Value Stock Option Assumptions

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions:

	December 31,
	2016			2017			2018
Expected volatility		43.6	%		42.4	%		42.8	%
Expected life of options		4.0 years			4.0 years			4.4 years
Risk free interest rate		1.27	%		1.69	%		2.72	%
Dividend yield		0	%		0	%		0	%
Weighted-average fair value of options granted during the year	$	1.68		$	2.11		$	2.46

Schedule of Non-vested Restricted Stock Activity

A summary of the non-vested shares for the years ended December 31, 2016, 2017 and 2018 is as follows:

				Weighted -
				Average
	Number of			Grant
	Non-vested			Date
	Shares			Fair Value
Non-vested at January 1, 2016		575,000		$	5.79
Granted		271,000			4.80
Vested		(272,000	)		5.34
Forfeited		(182,000	)		5.72
Non-vested at December 31, 2016		392,000		$	5.45
Granted		240,000			6.26
Vested		(194,000	)		5.42
Forfeited		(8,000	)		5.69
Non-vested at December 31, 2017		430,000		$	5.91
Granted		434,000			7.02
Vested		(266,000	)		6.07
Forfeited		(30,000	)		6.54
Non-vested at December 31, 2018		568,000		$	6.65

Schedule of Non-vested Performance-based Units Activity

The following table summarizes the activity relating to the Company’s performance shares for the years ended December 31, 2016, 2017 and 2018:

				Weighted-
	Number of			Average
	Non-vested			Grant Date
	Shares			Fair Value
Performance shares, non-vested, at January 1, 2016		-			-
Granted		295,000		$	4.07
Vested		-			-
Forfeited		(34,000	)		4.07
Performance shares, non-vested, at December 31, 2016		261,000			4.07
Granted		-		$	-
Vested		(100,000	)		4.07
Forfeited		(50,000	)		4.07
Performance shares, non-vested, at December 31, 2017		111,000			4.07
Granted		-		$	-
Vested		(93,000	)		4.07
Forfeited		(18,000	)		4.07
Performance shares, non-vested, December 31, 2018		-		$	-