Annual report pursuant to Section 13 and 15(d)

Stock Compensation (Tables)

v3.21.1
Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Stock Compensation [Abstract]  
Schedule of Changes in Number of Outstanding Stock Options Under Director Plan, Stock Plan and 2011 Incentive Plan



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

Weighted average

 

Weighted average



 

 

exercise price

 

remaining



Options

 

per share

 

contractual term

Outstanding – December 31, 2018

1,380,492 

 

$

 

7.56 

 

4.18 years

Awarded

100,769 

 

 

 

2.69 

 

 

Exercised

(151,950)

 

 

 

4.08 

 

 

Forfeited

(198,839)

 

 

 

9.33 

 

 

Outstanding – December 31, 2019

1,130,472 

 

 

 

7.28 

 

3.48 years

Awarded

191,301 

 

 

 

5.10 

 

 

Exercised

(8,000)

 

 

 

2.64 

 

 

Forfeited

(140,583)

 

 

 

10.90 

 

 

Outstanding – December 31, 2020

1,173,190 

 

 

 

6.52 

 

3.35 years



 

 

 

 

 

 

 

Exercisable at December 31, 2020

877,926 

 

$

 

7.20 

 

2.59 years

Expected to vest December 31, 2020

1,173,190 

 

$

 

6.52 

 

3.35 years



Valuation Assumptions of Stock Option Plan



 

 

 

 

 



 

 

 

 

 



Year Ended December 31

 

 



2020

 

2019

 

 

Expected volatility

40.2% 

 

31.3% 

 

 

Risk free interest rate

0.4% 

 

2.2% 

 

 

Expected holding period

6 years

 

6 years

 

 

Dividend yield

1.3% 

 

3.0% 

 

 



Summary of the Status of Stock Options Outstanding



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

 

Weighted Average

 

Weighted



 

 

 

Remaining

 

Average

Range of Exercise Prices

 

Shares

 

Option Life

 

Exercise Price

$2.50 to $4.99

 

515,989 

 

4.6 years

 

$

3.75 

$5.00 to $7.49

 

353,359 

 

3.6 years

 

 

6.17 

$7.50 to $9.99

 

 

0 years

 

 

0.00 

$10.00 to $12.49

 

244,477 

 

1.2 years

 

 

11.32 

$12.50 to $14.15

 

59,365 

 

0.2 years

 

 

12.97 



Schedule of Changes in the Number of Deferred Stock Shares Under the Incentive Plan



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

Weighted Average



 

 

 

 

Grant Date



 

 

Shares

 

Fair Value

Outstanding – December 31, 2018

 

 

270,066 

 

$

4.48 

Granted

 

 

161,107 

 

 

2.76 

Vested

 

 

(4,575)

 

 

4.56 

Forfeited

 

 

(105,371)

 

 

3.90 

Outstanding – December 31, 2019

 

 

321,227 

 

 

3.37 

Granted

 

 

95,631 

 

 

5.33 

Vested

 

 

(57,952)

 

 

2.81 

Forfeited

 

 

(86,211)

 

 

4.22 

Outstanding – December 31, 2020

 

 

272,695 

 

 

3.91