EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2020

EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

	Year Ended December 31,
	2020		2019
	(in thousands)
Stock options	$	268	$	299
Restricted stock awards		1,537		1,415
Equity compensation expense	$	1,805	$	1,714

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

		Weighted-		Weighted-	Aggregate
		Average		Average	Intrinsic
		Exercise		Remaining	Value (in
	Number of	Price Per		Contractual	thousands)
	Shares	Share		Life (in years)	(1)
Options outstanding at December 31, 2019	154,223	$	17.72	9.17	$	—
Granted (2)	—		—	—		—
Exercised	—		—	—		—
Cancelled/forfeited	(33,367)		17.75	—		—
Expired	(11,123)		17.75	—		—
Outstanding at December 31, 2020 (3)	109,733	$	17.71	8.16	$	—
Exercisable at December 31, 2020	27,429	$	17.71	8.16	$	—

1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option.  The per share market value of the Company’s common stock, as determined by the closing price on December 31, 2020 was $8.93.

2) The weighted-average grant date fair value of options granted during 2019 was $9.12.

3) The exercise prices of outstanding options granted range from $13.54 to $17.75 as of December 31, 2020.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Information related to the restricted stock awarded for the years ended December 31, 2020 and 2019 is as follows:

	Number of	Weighted-Average Grant
	Shares	Date Fair Value (1)
Nonvested shares – December 31, 2018	251,869	$	17.99
Granted	283,077		16.91
Forfeited	(84,620)		16.36
Vested	(61,084)		21.92
Nonvested shares – December 31, 2019	389,242	$	16.94
Granted	323,915		3.93
Forfeited	(107,968)		11.86
Vested	(128,106)		13.60
Nonvested shares – December 31, 2020	477,083	$	10.16

1) The shares were valued at the closing price of the Company’s common stock on the date(s) specified by the award agreements.

Schedule of Stock Options and Restricted Stock Vested

The fair value of stock options and restricted stock that vested during the year is as follows for the periods indicated:

	Year Ended December 31,
	2020		2019
	(in thousands)
Stock options	$	354	$	—
Restricted stock		696		815