XML 99 R30.htm IDEA: XBRL DOCUMENT v3.20.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The components of stock-based compensation from continuing operations for the years ended December 31, 2019, 2018 and 2017 were as follows:
 
 
For the Year Ended December 31,
 
 
2019
 
2018
 
2017
Stock options
 
$
—

 
$
—

 
$
120

Restricted stock units
 
574

 
233

 
1,269

Total stock-based compensation expense
 
574

 
233

 
1,389

Tax benefit of stock-based compensation expense
 
—

 
—

 
—

After-tax effect of stock based compensation
 
$
574

 
$
233

 
$
1,389
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used
Based on the results of the model, the weighted-average fair value of the stock options granted during the 12-month period ended December 31, 2017 were $0.68 per share using the following weighted average assumptions:
 
 
2017
Expected dividend yield
 
—
%
Risk-free interest rate
 
2.33
%
Expected volatility
 
61.2
%
Expected life of option
 
10 years
Schedule of Share-based Compensation, Stock Options, Activity

The following table presents a summary of our stock option activity and related information for the years ended December 31:
 
 
 
2019
 
2018
 
2017
 
 
Number
of
Options
 
Weighted-
Average
Exercise Price
 
Number
of
Options
 
Weighted-
Average
Exercise Price
 
Number
of
Options
 
Weighted-
Average
Exercise Price
Outstanding at beginning of year
 
932,500

 
$
4.68

 
1,116,750

 
$
6.34

 
1,039,750

 
$
8.39

Granted
 
—

 
—

 
—

 
—

 
176,000

 
0.96

Expired or forfeited
 
(185,000
)
 
10.14

 
(184,250
)
 
14.72

 
(99,000
)
 
18.32

Outstanding at end of year
 
747,500

 
$
3.33

 
932,500

 
$
4.68

 
1,116,750

 
$
6.34

Exercisable at end of year
 
747,500

 
$
3.33

 
932,500

 
$
4.68

 
1,116,750

 
$
6.34

Weighted-average fair value of options granted during the year
 
 
 
$
—

 
 
 
$
—

 
 
 
$
0.68

Weighted-Average Remaining Contractual Life
 
 
 
4.73 years

 
 
 
4.67 years

 
 
 
4.80 years

Aggregate Intrinsic Value
 
 
 
$
—

 
 
 
$
40

 
 
 
$
27
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about stock options outstanding at December 31, 2019:
Options Outstanding and Exercisable
Range of
Exercise Prices
 
Number of
Options
 
Weighted-
Average
Remaining
Contractual  Life
 
Weighted-
Average
Exercise Price
$0.96 - $1.27
 
176,000

 
7.9 years
 
$
0.97

$1.28 - $3.00
 
207,000

 
5.8 years
 
2.10

$3.01 - $4.54
 
140,000

 
3.0 years
 
3.72

$4.55 - $9.06
 
224,500

 
2.4 years
 
6.08

 
 
747,500

 
4.7 years
 
$
3.33
Schedule of Nonvested Restricted Stock Units Activity
A summary of restricted stock unit activity for the years ended December 31, 2019, 2018 and 2017 is as follows:
 
 
 
Shares
 
Weighted Average
Grant  Date
Fair Value
Unvested restricted stock units at December 31, 2016
 
1,463,796

 
2.82

Granted
 
1,090,000

 
0.97

Forfeited
 
(213,001
)
 
2.99

Vested (1)
 
(981,633
)
 
2.85

Unvested restricted stock units at December 31, 2017
 
1,359,162

 
1.28

Forfeited
 
(199,995
)
 
1.59

Vested
 
(48,890
)
 
1.59

Unvested restricted stock units at December 31, 2018
 
1,110,277

 
1.21

Granted
 
228,135

 
1.52

Vested
 
(562,777
)
 
0.98

Unvested restricted stock units at December 31, 2019
 
775,635

 
1.47

(1) The increase in shares vested in 2017 is due to the accelerated time vesting of outstanding remaining restricted stock units approved by the Company's Board of Directors on June 28, 2017.