Annual report pursuant to Section 13 and 15(d)

Stock Incentive Plan (Tables)

v3.19.3.a.u2
Stock Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
The following table summarizes the collective activity under the 2000 Plan and the 2010 Plan:
 
Number of Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
Outstanding at December 31, 2016
3,971

 
7.300

 
 
 
 
Granted(1)
390

 
6.061

 
 
 
 
Exercised
(401
)
 
4.935

 
 
 
 
Forfeited
(41
)
 
6.421

 
 
 
 
Expired
(85
)
 
10.157

 
 
 
 
Outstanding at December 31, 2017
3,834

 
7.367

 
 
 
 
Granted(1)
518

 
10.878

 
 
 
 
Exercised
(909
)
 
7.367

 
 
 
 
Forfeited
(87
)
 
4.726

 
 
 
 
Expired
(51
)
 
9.146

 
 
 
 
Outstanding at December 31, 2018
3,305

 
8.050

 

 


Granted(1)
1,330

 
14.026

 
 
 
 
Exercised
(916
)
 
7.362

 
 
 
 
Forfeited
(210
)
 
8.070

 
 
 
 
Expired
(4
)
 
9.904

 
 
 
 
Outstanding at December 31, 2019
3,505

 
$
10.524

 
6.60
 
$
24,455

Options exercisable at December 31, 2019
1,528

 
$
8.757

 
4.01
 
$
13,356

Expected to vest at December 31, 2019
1,977

 
$
11.889

 
8.76
 
$
11,098

 
(1) Grants are related to the 2010 Plan.
Schedule of Stock Options Valuation Assumptions
The following table sets forth the significant assumptions used in the model during 2019, 2018 and 2017:
 
 
Year Ended December 31,
 
2019
 
2018
 
2017
Expected dividend yield
—%
 
—%
 
—%
Risk-free interest rate
1.60%-2.39%
 
2.71%-3.00%
 
1.96%-2.36%
Expected volatility
43%-44%
 
43%-45%
 
46%
Expected life
6.5 years
 
6.5 years
 
6.5 years