Quarterly report pursuant to Section 13 or 15(d)
|3 Months Ended|
Mar. 31, 2019
We recorded approximately $2.1 million and $1.6 million in stock based compensation expense for the three month periods ended March 31, 2019 and 2018, respectively.
A summary of the stock option activity under the Company’s plans for the three months ended March 31, 2019 is as follows:
The fair value of each stock option award granted during the three months ended March 31, 2019 was estimated as of the grant date using a trinomial lattice model with the following weighted average assumptions:
As of March 31, 2019, there was approximately $7.5 million of unrecognized share based compensation expense related to stock options that will be recognized over a weighted-average period of approximately 1.4 years.
A summary of the restricted stock activity under the Company’s plans for the three months ended March 31, 2019 is as follows:
Employee Stock Purchase Plan (ESPP)
We offer an ESPP through which eligible employees may purchase shares of our common stock at a discount of 15% of the fair market value of the Company’s common stock. During the three months ended March 31, 2019 and 2018, employees purchased 36,154 and 36,922 shares, respectively under the ESPP. The expense recorded for each of periods was approximately $0.1 million.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef