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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Stock-Based Compensation [Abstract]  
Stock Based Compensation Plan for PSU's



 

 

 

 

 



 

Target PSUs

 

 

Weighted-Average Grant-Date Fair Value

Nonvested at January 1, 2017

 

—

 

$

—

Granted

 

 167,968 

 

 

 8.03 

Vested

 

—

 

 

—

Forfeited

 

—

 

 

—

Nonvested at December 31, 2017

 

 167,968 

 

$

 8.03 

Granted

 

 141,002 

 

 

 11.97 

Vested

 

—

 

 

—

Forfeited

 

—

 

 

—

Nonvested at December 31, 2018

 

 308,970 

 

$

 9.83 



Assumptions for PSU Awards



 

 

Assumptions for PSU Awards

 

 



2018

2017

Risk-free interest rate

2.61%

1.59%

Expected life

2.7 years

3.0 years

Expected volatility

34.7%

36.50%

Expected dividends

$0

$0

Forfeiture rate

0%

0%



Stock Options



 

 

 

 

 

 

 

 

 

 

 

 



 

Option Shares

 

 

Weighted-Average Exercise Price

 

Weighted-Average Remaining Contractual Term (1)

 

Options Exercisable

 

 

Weighted-Average Exercise Price

Outstanding at January 1, 2018

 

 1,276,411 

 

$

 4.98 

 

 6.88 

 

 1,276,411 

 

$

 4.98 

Granted

 

—

 

 

—

 

 

 

 

 

 

 

Exercised

 

 (41,411)

 

 

 3.87 

 

 

 

 

 

 

 

Cancelled or forfeited

 

—

 

 

—

 

 

 

 

 

 

 

Expired

 

—

 

 

—

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 1,235,000 

 

$

 5.02 

 

 5.94 

 

 1,235,000 

 

$

 5.02 

(1) In years

 

 

 

 

 

 

 

 

 

 

 

 



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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$2.30

 

 15,000 

 

 15,000 

 

$

 76 

 

$

 76 

 

 1.4 

 

 1.4 

$5.05

 

 1,220,000 

 

 1,220,000 

 

 

 2,855 

 

 

 2,855 

 

 6.0 

 

 6.0 



 

 1,235,000 

 

 1,235,000 

 

$

 2,931 

 

$

 2,931 

 

 5.9 

 

 5.9 

(1) In years

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Non-Vested Employee Stock Options



 

 

 

 

 



 

Options

 

 

Weighted-Average Grant Date Fair Value

Nonvested at January 1, 2016

 

 682,500 

 

$

 2.55 

Granted

 

—

 

 

—

Vested

 

 (335,000)

 

 

 2.55 

Forfeited

 

 (12,500)

 

 

 2.55 

Nonvested at December 31, 2016

 

 335,000 

 

$

 2.55 

Granted

 

—

 

 

—

Vested

 

 (331,250)

 

 

 2.55 

Forfeited

 

 (3,750)

 

 

 2.55 

Nonvested at December 31, 2017

 

—

 

$

—



 

 

 

 

 



Additional Information Related to Stock Options



 

 

 

 

 

 

 

 

 



 

For the Year Ended December 31,

Amounts in thousands

 

2018

 

2017

 

2016

Intrinsic value of share-based awards exercised

 

$

 298 

 

$

 16 

 

$

 28 



Stock-Based Compensation Expense Recognized in General and Administrative Expenses



 

 

 

 

 

 

 

 

 



 

For the Year Ended December 31,

Amounts in thousands

 

2018

 

2017

 

2016

Compensation cost:

 

 

 

 

 

 

 

 

 

2005 Plan

 

$

—

 

$

 277 

 

$

 759 

2016 Plan

 

 

 868 

 

 

 392 

 

 

—

Total compensation cost

 

$

 868 

 

$

 669 

 

$

 759