Annual report pursuant to Section 13 and 15(d)

STOCK???BASED COMPENSATION (Tables)

v3.10.0.1
STOCK‑BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock options, valuation assumptions
The fair value of each stock option award granted is estimated on the date of grant using the Black- Scholes option-pricing model. The fair value of the options was estimated at the date of grant using the following assumptions:
Expected volatility
18
%
Expected dividends
$

Expected term (in years)
6.25

Risk free rate
2.23
%
The fair value of the options was estimated at the date of grant using the following assumptions:
Expected volatility
45
%
Expected dividends
$

Expected term (in years)
6.25

Risk free rate
1.83
%
The fair value of each option award granted is estimated on the date of grant using the Black- Scholes option-pricing model. The fair value of the options was estimated at the date of grant using the following assumptions:
Expected volatility
55
%
Expected dividends
$

Expected term (in years)
5.8

Risk free rate
1.22
%
The fair value of the options was estimated at the date of grant using the following assumptions:
Expected volatility
45
%
Expected dividends
$

Expected term (in years)
6.25

Risk free rate
1.35
%
Schedule of stock options, activity
A summary of the stock option activity during the year ended December 31, 2018 is presented below.
 
Number
of Shares
 
Weighted
Average
Exercise
Price
Outstanding at January 1, 2018
4,636,353

 
$
5.20

Granted

 

Exercised
(49,912
)
 
$
4.95

Forfeited
(29,255
)
 
$
14.00

Expired

 
$

Canceled

 
$

Outstanding at December 31, 2018
4,557,186

 
$
5.14

Exercisable at December 31, 2018
3,994,990

 
$
3.90

Schedule of RSUs, activity
The following table summarizes the restricted stock units activity during the year December 31, 2018:
 
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding at January 1, 2018
 
688,744

 
$
13.66

Granted
 
319,250

 
$
18.49

Vested
 
(500,360
)
 
$
13.87

Exercised
 

 
$

Forfeited
 
(34,129
)
 
$
15.99

Expired
 

 
$

Canceled
 

 
$

Outstanding at December 31, 2018
 
473,505

 
$
16.52

Schedule of performance shares, activity
The following table summarizes the performance stock units activity during the year ended December 31, 2018:
Period
Granted
 
Target Shares
Outstanding at
Beginning
of Year
 
Target
Shares
Granted
 
Target Shares Vested
 
Target
Shares
Forfeited
 
Target Shares
Outstanding
at End
of Year
 
Weighted
Average
Grant Date
Fair Value per
Share
2017
 
169,635

 

 

 

 
169,635

 
$
10.73

2018
 

 
178,975

 

 

 
178,975

 
$
27.51

Total
 
169,635

 
178,975

 

 

 
348,610

 
$
19.34