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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Stock-Based Compensation [Abstract]  
Stock Based Compensation Plan for PSU's



 

 

 

 

 



 

Target PSUs

 

 

Weighted-Average Grant-Date Fair Value

Nonvested at January 1, 2017

 

 

$

0.00 

Granted

 

167,968 

 

 

8.03 

Vested

 

 

 

0.00 

Forfeited

 

 

 

0.00 

Nonvested at December 31, 2017

 

167,968 

 

$

8.03 



Assumptions for PSU Awards



 



 

Assumptions for PSU Awards

 

Weighted-average risk-free interest rate

1.59%

Weighted-average expected life

3 yrs

Weighted-average expected volatility

36.5%

Weighted-average expect dividends

$0

Forfeiture rate

0%



Stock Options



 

 

 

 

 

 

 

 

 

 

 

 



 

Option Shares

 

 

Weighted-Average Exercise Price

 

Weighted-Average Remaining Contractual Term

 

Options Exercisable

 

 

Weighted-Average Exercise Price

Outstanding at January 1, 2017

 

1,314,435 

 

$

4.98 

 

7.77 

 

979,435 

 

$

4.95 

Granted

 

 

 

0.00 

 

 

 

 

 

 

 

Exercised

 

(24,274)

 

 

3.19 

 

 

 

 

 

 

 

Cancelled or forfeited

 

(3,750)

 

 

5.05 

 

 

 

 

 

 

 

Expired

 

(10,000)

 

 

9.00 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

1,276,411 

 

$

4.98 

 

6.88 

 

1,276,411 

 

$

4.98 



 

 

 

 

 

 

 

 

 

 

 

 



Stock Options Outstanding And Exercisable



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dollar amounts in thousands

 

Options Outstanding

 

Options Exercisable

 

 

Intrinsic Value of Options Outstanding

 

 

Intrinsic Value of Options Exercisable

 

Weighted-Average Life of Options Outstanding (1)

 

Weighted-Average Life of Options Exercisable (1)

Exercise Price:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$0.93

 

5,161 

 

5,161 

 

$

42 

 

$

42 

 

0.9 

 

0.9 

$2.30

 

25,000 

 

25,000 

 

 

171 

 

 

171 

 

2.4 

 

2.4 

$5.05

 

1,246,250 

 

1,246,250 

 

 

5,085 

 

 

5,085 

 

7.0 

 

7.0 



 

1,276,411 

 

1,276,411 

 

$

5,298 

 

$

5,298 

 

6.9 

 

6.9 

(1) In years

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Non-Vested Employee Stock Options



 

 

 

 

 



 

Options

 

 

Weighted-Average Grant Date Fair Value

Nonvested at January 1, 2015

 

1,023,750 

 

$

2.62 

Granted

 

 

 

0.00 

Vested

 

(341,250)

 

 

2.55 

Forfeited

 

 

 

0.00 

Nonvested at December 31, 2015

 

682,500 

 

$

2.55 

Granted

 

 

 

0.00 

Vested

 

(335,000)

 

 

2.55 

Forfeited

 

(12,500)

 

 

2.55 

Nonvested at December 31, 2016

 

335,000 

 

$

2.55 

Granted

 

 

 

0.00 

Vested

 

(331,250)

 

 

2.55 

Forfeited

 

(3,750)

 

 

2.55 

Nonvested at December 31, 2017

 

 

$

0.00 



 

 

 

 

 



Additional Information Related to Stock Options



 

 

 

 

 

 

 

 

 



 

For the Year Ended December 31,

Amounts in thousands

 

2017

 

2016

 

2015

Intrinsic value of share-based awards exercised

 

$

16 

 

$

28 

 

$

36 



Stock-Based Compensation Expense Recognized in General and Administrative Expenses



 

 

 

 

 

 

 

 

 



 

For the Year Ended December 31,

Amounts in thousands

 

2017

 

2016

 

2015

Compensation cost:

 

 

 

 

 

 

 

 

 

2005 Plan

 

$

277 

 

$

759 

 

$

1,641 

2016 Plan

 

 

392 

 

 

 

 

Total compensation cost

 

$

669 

 

$

759 

 

$

1,641