Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.21.2
Stock-Based Compensation
9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
The Company granted the following stock-based awards in the periods indicated:
  Three Months Ended
 September 30,
Nine Months Ended
 September 30,
  2021 2020 2021 2020
Stock options —  457,692  —  457,692 
Restricted stock awards and restricted stock units 102,400  511,392  454,702  564,992 
Performance stock units 16,684  —  320,384  — 
The stock options, restricted stock awards, restricted stock units and performance stock units granted during the nine months ended September 30, 2021 and 2020 were granted under the Company's Second Amended and Restated 2007 Stock Incentive Plan (the "2007 Plan"), a shareholder approved plan, except for a non-qualified stock option to purchase 457,692 shares granted on July 22, 2020 to the Company's then newly hired Chief Executive Officer, which was granted outside of a shareholder-approved plan as an "inducement award."
The Company recognized the following expense related to its share-based payment arrangements (in thousands):
  Three Months Ended
 September 30,
Nine Months Ended
 September 30,
  2021 2020 2021 2020
Stock-based compensation cost, before income tax benefit:        
Stock options $ 129  $ 119  $ 482  $ 257 
Restricted stock awards and restricted stock units 119  92  921  363 
Total stock-based compensation $ 248  $ 211  $ 1,403  $ 620 
  Three Months Ended
 September 30,
Nine Months Ended
 September 30,
  2021 2020 2021 2020
Stock-based compensation cost included in:        
Cost of revenues $ 12  $ 12  $ 44  $ 22 
Operating expenses 236  199  1,359  598 
Total stock-based compensation $ 248  $ 211  $ 1,403  $ 620