Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

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

Stock-Based Compensation Expense

Stock-based compensation expense was recognized in the Consolidated Statements of Operations as follows:

	Year Ended December 31,
	2018		2017
	(In thousands)
General and administrative expense	$	966	$	1,138
	$	966	$	1,138

Assumptions Used in Valuation of Option Granted

Assumptions used in the valuation of options granted in 2017 were as follows:

	Year Ended December 31,
		2017
Service-Based Options
Dividend yield		0	%
Expected volatility		22	%
Average expected option life		5 years
Risk-free interest rate		2.1	%

Option Activity

Option activity of the Company is summarized below:

	Shares		Weighted Average Exercise Price	Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(In thousands)			(In years)	(In thousands)
Outstanding at December 31, 2016	678		14.90
Options granted	8		11.33
Options exercised	(29	)	10.16
Options canceled/forfeited	(88	)	17.20
Outstanding at December 31, 2017	569		14.74
Options granted	—		—
Options exercised	(15	)	12.29
Options canceled/forfeited	(144	)	15.21
Outstanding at December 31, 2018	410		14.66	2.39	$	—
Options exercisable at December 31, 2018	143		16.18	1.63	—
Shares available for future grant	2,063

Deferred Stock Unit, Performance-Based Stock Unit and Restricted Stock Activity

Deferred stock unit, performance-based stock unit and restricted stock activity are summarized below:

	Shares		Weighted Average Grant Date Fair Value
	(In thousands)
Unvested at December 31, 2016	933		$	14.79
Granted	217		11.43
Vested	(135	)	13.75
Forfeited	(10	)	14.38
Unvested at December 31, 2017	1,005		14.21
Granted	54		9.47
Vested	(121	)	12.87
Forfeited	(161	)	14.21
Unvested at December 31, 2018	777		14.08