• Filing Date: 2020-11-03
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Stock Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2020
Stock Incentive Plans [Abstract]  
Summary of Stock Option Transactions The following table presents a summary of stock option activity for the three months ended September 30, 2020 and 2019:

Three Months Ended

September 30,

2020

2019

Weighted

Weighted

Average

Average

Exercise

Exercise

Options

Price ($)

Options

Price ($)

Options outstanding at beginning of period

1,043,297

29.84

912,430

36.04

Grants

2,450

5.46

5,412

12.65

Forfeitures

(4,760)

28.29

(37,748)

47.34

Exercises

Options outstanding at period end

1,040,987

29.79

880,094

35.41

Options exercisable at period end

764,151

36.91

648,880

42.25

Weighted average per share fair value of options granted during the period

$

3.48

$

7.65

The following table presents a summary of stock option activity for the nine months ended September 30, 2020 and 2019:

Nine Months Ended

September 30,

2020

2019

Weighted

Weighted

Average

Average

Exercise

Exercise

Options

Price ($)

Options

Price ($)

Options outstanding at beginning of period

871,472

35.46

830,100

39.41

Grants

198,731

6.70

126,948

13.45

Forfeitures

(29,216)

42.00

(76,954)

42.31

Exercises

Options outstanding at period end

1,040,987

29.79

880,094

35.41

Options exercisable at period end

764,151

36.91

648,880

42.25

Weighted average per share fair value of options granted during the period

$

4.17

$

8.34

Summary of Additional Stock Option Transactions

The following table provides additional information related to outstanding stock options, exercisable stock options and stock options that were expected to vest as of September 30, 2020:

Weighted

Weighted

Average

Average

Remaining

Aggregate

Exercise

Contractual

Intrinsic

Shares

Price ($)

Term

Value ($)

(In thousands)

Outstanding

1,040,987

29.79

5.94 years

1

Exercisable

764,151

36.91

4.92 years

Outstanding, vested and expected to vest

1,007,268

30.48

5.84 years

1

The following table provides additional information related to outstanding stock options, exercisable stock options and stock options that were expected to vest as of December 31, 2019:

Weighted

Weighted

Average

Average

Remaining

Aggregate

Exercise

Contractual

Intrinsic

Shares

Price ($)

Term

Value ($)

(In thousands)

Outstanding

871,472

35.46

5.83 years

4

Exercisable

674,952

41.25

5.04 years

Outstanding, vested and expected to vest

849,285

36.00

5.75 years

3

Summary of Restricted Stock and Restricted Stock Unit Transactions A summary of restricted stock and restricted stock units (RSU) transactions under the plans are as follows:

Three Months Ended

September 30,

2020

2019

Weighted

Weighted

Restricted

Average

Restricted

Average

Stock & RSUs

Grant Date

Stock & RSUs

Grant Date

RSUs

Fair Value ($)

RSUs

Fair Value ($)

Restricted stock & RSUs outstanding at beginning of period

30,086

3.12

36,763

13.15

Grants

Vested units

Forfeitures

Restricted stock & RSUs outstanding at period end

30,086

3.12

36,763

13.15

Nine Months Ended

September 30,

2020

2019

Weighted

Weighted

Restricted

Average

Restricted

Average

Stock & RSUs

Grant Date

Stock & RSUs

Grant Date

RSUs

Fair Value ($)

RSUs

Fair Value ($)

Restricted stock & RSUs outstanding at beginning of period

36,763

13.15

60,041

17.30

Grants

30,086

3.12

36,763

13.15

Vested units

(36,763)

13.15

(60,041)

17.29

Forfeitures

Restricted stock & RSUs outstanding at period end

30,086

3.12

36,763

13.15