Annual report pursuant to Section 13 and 15(d)

CAPITAL TRANSACTIONS (Tables)

v3.20.1
CAPITAL TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of stock option activity
Stock option activity for 2019 and 2018 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 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   
Granted 25    8.72   
Forfeited or canceled (797)   12.87   
Exercised (52)   4.98   
Options outstanding at December 31, 2019 290    $ 11.49   
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, 2019 and 2018:
  2019 2018
Weighted-average grant date fair value of grants $ 3.44    $3.0 to $3.5   
Expected life (in years) 5.0 5.0
Risk-free interest rate 1.5  % 2.8  %
Expected volatility 43.2  % 38.2  %
Dividend yield —  % —  %
Summary of options outstanding and exercisable
The following table summarizes information about options outstanding and exercisable at December 31, 2019 (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
 76    6.2 $ 7.83    76    6.2 $ 7.83   
$10.00 to $13.99
 189    3.9 12.32    189    3.9 12.32   
$14.00 to $17.70
 25    3.7 16.33    25    3.7 16.33   
  290    290   
Schedule of restricted stock unit activity
Restricted stock unit activity for the years ended December 31, 2019 and 2018 is as follows: (share amounts in thousands, except per share information):
  Number of
Shares		 Weighted-Average
Grant Date
Fair Value
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   
Granted 333    7.23   
Issued (179)   10.21   
Forfeited (391)   9.88   
Units outstanding at December 31, 2019 821    $ 7.43