Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.21.1
Stock-based Compensation (Tables)
 3 Months Ended
Mar. 31, 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 three months ended March 31, 2021 and 2020, using the following assumptions:
Three Month Ended March 31,
2021 2020
Expected volatility 57% 53%
Expected dividends None None
Expected term (years) 7 7
Risk-free rate 0.97% 0.89%
Forfeiture rate 5% 5%
Share-based Payment Arrangement, Option, Activity
The information below summarizes the stock options activity for the three months ended March 31, 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 44,403  45.39 
Exercised (105,995) 5.86 
Cancelled —  — 
Outstanding at March 31, 2021 774,009  $ 8.98  6.6
Exercisable at March 31, 2021 532,573  $ 5.14  5.8
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The information below summarizes the restricted stock activity for the three months ended March 31, 2021:
Restricted Stock Awards Shares Weighted Average
Grant-Date Fair
Value per Award
Non-vested at December 31, 2020 45,595  $ 13.13 
Granted 5,095  45.39 
Vested (5,981) 13.44 
Cancelled —  — 
Non-vested at March 31, 2021 44,709  $ 16.77