Quarterly report pursuant to Section 13 or 15(d)

Equity and Share-Based Compensation (Tables)

v3.10.0.1
Equity and Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Equity and Share-Based Compensation  
Summary of changes in the number of shares of common stock and treasury stock

 

 

 

 

 

 

 

    

Common

    

Treasury

 

 

Stock

 

Stock(1)

Share count as of December 31, 2017

 

25,272,969

 

(99,623)

Common stock issued

 

113,135

 

Acquisition of treasury stock

 

 

(29,524)

Share count as of September 30, 2018

 

25,386,104

 

(129,147)


(1)

Treasury stock represents the net settlement on vesting of restricted stock necessary to satisfy the minimum statutory tax withholding requirements.

 

Summary of non-vested restricted stock unit award activity

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

 

Grant Date

 

    

Restricted Stock

    

Fair Value

Non-vested shares outstanding at December 31, 2017

 

324,984

 

$

18.84

Granted

 

271,968

 

$

14.24

Vested(1)

 

(105,009)

 

$

19.63

Forfeited

 

(15,167)

 

$

15.76

Non-vested shares outstanding at September 30, 2018

 

476,776

 

$

16.14


(1)

Vested restricted stock units include 102,092 shares in which vesting was accelerated as a result of a reduction in workforce that occurred during the nine months ended September 30, 2018.

 

Summary of non-vested stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 Average 

 

 

 

 

 

 

 

 

 

Remaining 

 

 

 

 

Range of

 

 Weighted-Average

 

Contractual 

 

    

Options

    

 Exercise Prices

    

Exercise Price

    

Term (Years)

Stock options outstanding at December 31, 2017

 

245,845

 

 

 

 

$

19.66

 

8.2

Granted

 

 

$

 —

 

$

 

Vested(1)

 

(102,759)

 

$

19.08-19.66

 

$

19.66

 

8.7

Forfeited

 

(5,570)

 

$

19.66

 

$

19.66

 

0.1

Stock options outstanding at September 30, 2018

 

137,516

 

 

 

 

$

19.66

 

8.2

Vested and exercisable at end of period(1)(2)

 

71,532

 

$

19.08-20.97

 

$

19.67

 

8.2


(1)

Vested stock options include 102,092 options in which vesting was accelerated as a result of a reduction in workforce that occurred during the nine months ended September 30, 2018. Per the 2016 LTIP Plan, these vested options had to be exercised within 180 days of employees termination or they would expire and be returned to the Plan for future reissuance. All options expired on July 31, 2018 thereby reducing the total options vested and exercisable at September 30, 2018.

 

(2)

Vested and exercisable options at September 30, 2018, had no aggregate intrinsic value.