Annual report pursuant to Section 13 and 15(d)

Stock Compensation (Tables)

v3.10.0.1
Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2018
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, 2016

922,930 

 

$

 

10.10 

 

4.9 years

Awarded

288,186 

 

 

 

4.35 

 

 

Exercised

 -

 

 

 

 -

 

 

Forfeited

(38,457)

 

 

 

11.61 

 

 

Outstanding – December 31, 2017

1,172,659 

 

$

 

8.63 

 

4.55 years

Awarded

278,665 

 

 

 

3.43 

 

 

Exercised

 -

 

 

 

 -

 

 

Forfeited

(70,832)

 

 

 

8.56 

 

 

Outstanding – December 31, 2018

1,380,492 

 

 

 

7.56 

 

4.18 years



 

 

 

 

 

 

 

Exercisable at December 31, 2018

920,556 

 

$

 

9.14 

 

3.43 years

Expected to vest December 31, 2018

1,380,492 

 

 

 

7.56 

 

4.18 years



Valuation Assumptions Of Stock Option Plan



 

 

 

 

 



 

 

 

 

 



Year Ended December 31

 

 



2018

 

2017

 

 

Expected volatility

28.6% 

 

30.4% 

 

 

Risk free interest rate

2.7% 

 

2.0% 

 

 

Expected holding period

6 years

 

6 years

 

 

Dividend yield

4.1% 

 

3.7% 

 

 



Summary Of The Status Of Stock Options Outstanding



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

 

Weighted Average

 

Weighted



 

 

 

Remaining

 

Average

Range of Exercise Prices

 

Shares

 

Option Life

 

Exercise Price

$2.54 to $5.24

 

550,734 

 

5.8 years

 

$

3.90 

$5.25 to $7.49

 

272,950 

 

4.3 years

 

 

6.60 

$7.50 to $9.74

 

18,000 

 

0.4 years

 

 

9.73 

$9.75 to $11.99

 

416,745 

 

2.7 years

 

 

11.35 

$12.00 to $14.15

 

122,063 

 

1.9 years

 

 

12.99 



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



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

Weighted Average



 

 

 

 

Grant Date



 

 

Shares

 

Fair Value

Outstanding – December 31, 2016

 

 

149,260 

 

$

9.55 

Granted

 

 

100,239 

 

 

4.42 

Vested

 

 

(14,130)

 

 

10.61 

Forfeited

 

 

(44,845)

 

 

10.28 

Outstanding – December 31, 2017

 

 

190,524 

 

 

6.60 

Granted

 

 

163,002 

 

 

3.56 

Vested

 

 

(29,708)

 

 

10.51 

Forfeited

 

 

(53,752)

 

 

5.31 

Outstanding – December 31, 2018

 

 

270,066 

 

 

4.48 



Schedule of Changes in Restricted Stock Units Outstanding



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

Weighted Average



 

 

 

 

Grant Date



 

 

Shares

 

Fair Value

Outstanding – December 31, 2016

 

 

27,134 

 

 

8.65 

Vested

 

 

(13,341)

 

 

11.05 

Outstanding – December 31, 2017

 

 

13,793 

 

 

6.33 

Vested

 

 

(13,793)

 

 

6.33 

Outstanding – December 31, 2018

 

 

 -

 

 

 -