Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v3.20.1
Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2020
Retirement Benefits [Abstract]  
Fair value of options granted
The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees:
 
For the Three Months Ended March 31,
 
2020
 
2019
Risk-free interest rate
1.4%
 
2.5%
Expected life of options — years
3.82
 
3.36
Expected stock price volatility
25%
 
26%
Expected dividend yield
0.7%
 
0.8%

Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the three months ended March 31, 2020:
 
Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2019
208

 
$
4.46

 
 
 
 
Granted
7

 
$
7.20

 
 
 
 
Exercised
(11
)
 
$
4.17

 
 
 
 
Forfeited, cancelled or expired
(1
)
 
$
5.93

 
 
 
 
Outstanding as of March 31, 2020
203

 
$
4.56

 
5.51
 
$
165

Exercisable as of March 31, 2020
144

 
$
4.03

 
4.67
 
$
153


Summary of restricted stock unit and stock award activity
The following table summarizes the restricted stock unit, including PRSU, activity under our share-based plans for the three months ended March 31, 2020:
 
Shares
 
Grant Date
Fair Value
Per Share
Nonvested as of December 31, 2019
75

 
$
5.95

Granted
6

 
$
7.18

Vested
(8
)
 
$
5.81

Forfeited
(2
)
 
$
5.94

Nonvested as of March 31, 2020
71

 
$
6.07