Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.21.2
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The Company has computed the fair value of all options granted using the Black-Scholes-Merton model during the six months ended June 30, 2021 and 2020, using the following assumptions:
Six Months Ended
June 30,
2021 2020
Expected volatility 57% 53%
Expected dividends None None
Expected term (years) 7 7
Risk-free rate 0.98% 0.89%
Forfeiture rate 5% 5%
Schedule of Share-based Payment Arrangement, Option, Activity The information below summarizes the stock options activity for the six months ended June 30, 2021:
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual Life
(Years)
Outstanding at December 31, 2020 835,601  $ 6.65  6.6
Granted 47,109  46.12 
Exercised (219,814) 5.74 
Cancelled (5,136) 21.33 
Outstanding at June 30, 2021 657,760  $ 9.67  6.4
Exercisable at June 30, 2021 418,758  $ 5.00  5.5
Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity The information below summarizes the restricted stock activity for the six months ended June 30, 2021:
Restricted Stock Awards Shares Weighted Average
Grant-Date Fair
Value per Award
Non-vested at December 31, 2020 45,595  $ 13.13 
Granted 9,313  57.03 
Vested (21,863) 14.65 
Cancelled —  — 
Non-vested at June 30, 2021 33,045  $ 24.50