Annual report pursuant to Section 13 and 15(d)

CAPITAL TRANSACTIONS (Tables)

v3.10.0.1
CAPITAL TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock option activity
Stock option activity for 2018, 2017, and 2016 consisted of the following (share amounts in thousands, except for per share information):
 
Number of
Shares
 
Weighted Average Exercise
Price Per Share
Options outstanding at January 1, 2016
1,683

 
$
12.21

Granted
—

 
—

Forfeited or canceled
(124
)
 
11.95

Exercised
(35
)
 
4.74

Options outstanding at December 31, 2016
1,524

 
12.41

Granted
25

 
13.50

Forfeited or canceled
(142
)
 
14.69

Exercised
(17
)
 
12.06

Options outstanding at December 31, 2017
1,390

 
12.20

Granted
50

 
8.43

Forfeited or canceled
(227
)
 
13.87

Exercised
(99
)
 
6.10

Options outstanding at December 31, 2018
1,114

 
$
12.23

Schedule of weighted-average assumptions using Black-Scholes option-pricing model for estimating fair value of each option granted
The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted average assumptions for the years ended December 31, 2018 and 2017:
 
2018
 
2017
Weighted average grant date fair value of grants
$3.0 to $3.5
 
$
4.94

Expected life (in years)
5.0
 
5.0

Risk-free interest rate
2.8
 
1.8

Expected volatility
38.2
 
39.8

Dividend yield
—
 
—

Summary of options outstanding and exercisable
The following table summarizes information about options outstanding and exercisable at December 31, 2018 (share amounts in thousands, except per share information):
 
 
Options Outstanding
 
Options Exercisable
Range of Option
Prices Per Share
 
Options
Outstanding
 
Weighted-Avg.
Remaining
Contractual Life
 
Weighted-Avg.
Exercise Price
Per Share
 
Options
Exercisable
 
Weighted-Avg.
Remaining
Contractual Life
 
Weighted-Avg.
Exercise Price
Per Share
$2.35 to $9.99
 
103

 
5.3
 
$
6.17

 
103

 
5.3
 
$
6.17

$10.00 to $13.99
 
801

 
3.9
 
12.43

 
801

 
3.9
 
12.43

$14.00 to $17.70
 
210

 
6.0
 
14.47

 
210

 
6.0
 
14.47

 
 
1,114

 

 


 
1,114

 

 


Schedule of restricted stock unit activity
Restricted stock unit activity for the period ended December 31, 2018, 2017, and 2016 is as follows: (share amounts in thousands, except per share information):
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Units outstanding at January 1, 2016
744

 
$
12.48

Granted
281

 
9.49

Issued
(154
)
 
13.05

Forfeited
(33
)
 
12.20

Units outstanding at December 31, 2016
838

 
11.39

Granted
274

 
12.62

Issued
(187
)
 
12.23

Forfeited
(197
)
 
12.07

Units outstanding at December 31, 2017
728

 
11.56

Granted
692

 
7.63

Issued
(257
)
 
11.78

Forfeited
(105
)
 
12.17

Units outstanding at December 31, 2018
1,058

 
8.87