Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation and Other Benefit Plans (Tables)

v3.20.4
Stock-Based Compensation and Other Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2020
Stock-Based Compensation and Other Benefit Plans [Abstract]  
Summary of Stock-Based Compensation

Year Ended December 31,

2020

2019

2018

(in thousands)

Stock-based compensation - equity awards

$

848

$

985

$

820

Stock-based compensation - liability awards

(734)

2,521

1,568

Total stock-based compensation

$

114

$

3,506

$

2,388
Stock Option Valuation Assumptions

Year Ended December 31,

2020

2019

2018

Weighted average exercise price - ($/share)

$

1.23

$

2.08

$

1.05

Expected life in years

6.0

3.2

3.5

Average expected volatility

74

%

73

%

71

%

Risk-free interest rate

0.42

%

2.33

%

2.51

%

Weighted average grant date fair value - ($/share)

$

0.79

$

1.06

$

0.68

Stock Option Activity Performance stock option activity for the year ended December 31, 2020 is provided below:

Number of Shares Underlying Options

Weighted Average Exercise Price Per Share

Weighted Average Remaining Contractual Term

Aggregate Intrinsic Value

(in thousands)

(in years)

(in thousands)

Outstanding at January 1, 2020

—

$

—

Granted

644

1.23

Exercised

—

—

Unvested shares forfeited

—

—

Vested shares expired

—

—

Outstanding at December 31, 2020

644

1.23

9.49

$

348

Exercisable at December 31, 2020

—

$

—

—

$

—

Stock option activity that do not contain a market or performance condition for the year ended December 31, 2020 is provided below:

Number of Shares Underlying Options

Weighted Average Exercise Price Per Share

Weighted Average Remaining Contractual Term

Aggregate Intrinsic Value

(in thousands)

(in years)

(in thousands)

Outstanding at January 1, 2020

2,834

$

1.55

Granted

—

—

Exercised

(65)

0.96

Unvested shares forfeited

(60)

1.83

Vested shares expired

(904)

1.89

Outstanding at December 31, 2020

1,804

1.38

1.94

$

968

Exercisable at December 31, 2020

1,364

$

1.20

1.63

$

861

Summary of Non Vested Awards

Restricted Stock

Weighted Average Grant Date Fair Value

(in thousands)

Non-vested shares outstanding at January 1, 2020

343

$

1.52

Awards granted

971

1.23

Awards vested

(159)

(1.35)

Awards forfeited

—

—

Non-vested shares outstanding at December 31, 2020

1,155

$

1.30

SAR Activity

Number of Shares Underlying SARs

Weighted Average Exercise Price Per Share

Term

Aggregate Intrinsic Value

(in thousands)

(in years)

(in thousands)

Outstanding at January 1, 2020

3,418

$

1.30

Granted

—

—

Exercised

(357)

0.95

Unvested SARs forfeited

(60)

1.83

Vested SARs expired

(61)

1.34

Outstanding at December 31, 2020

2,940

1.33

2.22

$

1,688

Exercisable at December 31, 2020

1,758

$

1.19

1.91

$

1,144