Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock Compensation (Tables)

v3.10.0.1
Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The fair value of each stock option award granted during the years ended December 31, 2018, 2017 and 2016 was estimated as of the grant date using a trinomial lattice model with the following weighted average assumptions:
 
  2018 2017 2016
Expected term (in years) 1.6 – 4.0 3.0 – 4.5 1.0 – 4.5
Risk-free interest rate (%) 2.5  % 1.5  % 1.1  %
Expected volatility (%) 43.0  % 49.0  % 54.0  %
Dividend yield (%) 0.0  % 0.0  % 0.0  %
Weighted average fair value/share at grant date $ 2.80  $ 2.26  $ 2.23 
Share-based Compensation, Stock Options, Activity
The status of our stock options are summarized as follows: 

 
Number
Of
Shares
Weighted
Average
Exercise
Price
Outstanding at Outstanding at December 31, 2015 5,326,505  $ 3.07 
Granted 2,617,526  7.14 
Exercised (2,483,519) 1.69 
Forfeited (324,402) 3.99 
Outstanding at Outstanding at December 31, 2016 5,136,110  5.76 
Granted 2,119,498  7.60 
Exercised (565,569) 3.84 
Forfeited (347,513) 6.12 
Outstanding at Outstanding at December 31, 2017 6,342,526  6.51 
Granted 2,457,102  9.03 
Exercised (1,570,211) 5.48 
Forfeited (390,000) 7.15 
Outstanding at Outstanding at December 31, 2018 6,839,417  7.63 
Exercisable at Exercisable at December 31, 2018 2,508,890  6.42 
Schedule of Nonvested Share Activity
The number and weighted average grant-date fair values of options non-vested at the beginning and end of 2018, as well as options granted, vested and forfeited during the year was as follows:

 
Number of
Options
Weighted
Average
Grant Date
Fair Value
Non-vested at Non-vested at December 31, 2017 4,239,185  $ 2.29 
Granted in Granted 2,457,102  2.80 
Vested in Vested (2,039,176) 2.69 
Forfeited in Forfeited (326,585) 2.97 
Non-vested at Non-vested at December 31, 2018 4,330,526  2.67 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable
The following table summarizes information about our options outstanding at December 31, 2018:
 
  Options Outstanding Options Exercisable
Range of
Exercise
Prices ($)
Number
Outstanding
Weighted
Average
Remaining
Contractual
Life (Years)
Weighted
Average
Exercise
Price
Number
Exercisable
Weighted
Average
Remaining
Contractual
Life (Years)
Weighted
Average
Exercise
Price
3.31 – 6.00 869,667  1.20 $ 4.68  858,000  1.19 $ 4.66 
6.01 – 7.00 289,166  2.07 6.76  151,671  2.05 6.75 
7.01 – 8.00 2,924,201  2.85 7.35  1,348,004  2.67 7.30 
8.01 – 9.00 1,949,670  4.01 8.04  114,996  2.83 7.93 
9.01 – 14.40 806,713  4.45 11.10  36,219  3.31 9.12 
  6,839,417  3.12 7.63  2,508,890  2.43 6.42 
Summary Of Warrant Activity Table
Warrant activity is summarized as follows:
Shares  Weighted Average
Exercise Price
 
Warrants outstanding, December 31, 2015  650,000  $ 1.48 
Granted  —  — 
Exercised  (200,000) — 
Expired/Cancelled  —  — 
Warrants outstanding, December 31, 2016  450,000  1.50 
Granted  —  — 
Exercised  (450,000) 1.50 
Expired/Cancelled  —  — 
Warrants outstanding, December 31, 2017  —  — 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The number and weighted average grant date fair values of restricted non-vested common stock at the beginning and end of 2018, 2017 and 2016, as well as stock awards granted, vested and forfeited during the year are as follows:
Number
of
Restricted
Shares
Weighted
Average
Grant Date
Fair Value
Nonvested at Nonvested at December 31, 2015 126,995  $ 3.10 
Granted in Granted in 2016 43,332  8.49 
Vested in Vested in 2016 (33,083) 8.13 
Forfeited in Forfeited in 2016 —  — 
Nonvested at Nonvested at December 31, 2016 137,244  3.59 
Granted in Granted in 2017 372,711  7.27 
Vested in Vested in 2017 (182,744) 4.50 
Forfeited in Forfeited in 2017 —  — 
Nonvested at Nonvested at December 31, 2017 327,211  7.27 
Granted in Granted in 2018 87,811  12.87 
Vested in Vested in 2018 (119,180) 7.27 
Forfeited in Forfeited in 2018 (13,334) 7.27 
Nonvested at Nonvested at December 31, 2018 282,508  9.01 

Stock compensation expense related to restricted stock for the years ended December 31, 2018, 2017 and 2016 was approximately $1.3 million, $1.3 million, and $0.5 million, respectively.