Stockholders' Equity (Tables)
|
6 Months Ended |
Jun. 30, 2020 |
|---|
| Stockholders' Equity |
|
| Schedule of stock-based compensation expense |
The following table summarizes the stock-based compensation expense from stock option, employee stock purchase programs and restricted Common Stock awards and warrants for the three and six months ended June 30, 2020 and 2019:
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Three Months Ended June 30, |
|
Six Months Ended June 30, |
($ in thousands) |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
Employee awards |
|
$ |
1,315 |
|
$ |
920 |
|
$ |
2,532 |
|
$ |
1,855 |
Executive awards of Fortress Companies' stock |
|
|
366 |
|
|
355 |
|
|
767 |
|
|
707 |
Non-employee awards |
|
|
51 |
|
|
71 |
|
|
105 |
|
|
69 |
Warrants |
|
|
65 |
|
|
— |
|
|
65 |
|
|
— |
Fortress Companies: |
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|
|
|
|
|
|
|
|
|
|
|
Avenue |
|
|
216 |
|
|
535 |
|
|
431 |
|
|
1,286 |
Checkpoint |
|
|
731 |
|
|
813 |
|
|
1,370 |
|
|
1,611 |
Mustang |
|
|
957 |
|
|
622 |
|
|
1,762 |
|
|
1,054 |
Other |
|
|
47 |
|
|
57 |
|
|
116 |
|
|
100 |
Total stock-based compensation expense |
|
$ |
3,748 |
|
$ |
3,373 |
|
$ |
7,148 |
|
$ |
6,682 |
|
| Schedule of Stock option activities |
The following table summarizes Fortress stock option activities excluding activity related to Fortress partner companies:
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Weighted average |
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|
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Total |
|
remaining |
|
|
|
|
Weighted average |
|
weighted average |
|
contractual life |
|
|
Number of shares |
|
exercise price |
|
intrinsic value |
|
(years) |
Options vested and expected to vest at December 31, 2019 |
|
1,410,501 |
|
$ |
4.30 |
|
$ |
684,752 |
|
2.33 |
Options vested and expected to vest at June 30, 2020 |
|
1,410,501 |
|
$ |
4.30 |
|
$ |
753,374 |
|
2.84 |
Options vested and exercisable at June 30, 2020 |
|
1,310,501 |
|
$ |
4.54 |
|
$ |
603,374 |
|
2.78 |
|
| Schedule of Restricted stock awards and restricted stock units |
The following table summarizes Fortress restricted stock awards and restricted stock units activities, excluding activities related to Fortress Companies:
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|
|
|
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|
|
|
|
Weighted average |
|
|
Number of shares |
|
grant price |
Unvested balance at December 31, 2019 |
|
13,768,014 |
|
$ |
2.46 |
Restricted stock granted |
|
1,873,072 |
|
|
2.57 |
Restricted stock vested |
|
(1,539,564) |
|
|
2.69 |
Restricted stock units granted |
|
160,126 |
|
|
2.35 |
Restricted stock units forfeited |
|
(81,250) |
|
|
3.28 |
Restricted stock units vested |
|
(165,375) |
|
|
3.13 |
Unvested balance at June 30, 2020 |
|
14,015,023 |
|
$ |
2.44 |
|
| Schedule of Warrant activities |
The following table summarizes Fortress warrant activities, excluding activities related to Fortress Companies:
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Total weighted |
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Weighted average |
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|
|
|
|
|
|
average |
|
remaining |
|
|
Number of |
|
Weighted average |
|
intrinsic |
|
contractual life |
|
|
shares |
|
exercise price |
|
value |
|
(years) |
Outstanding as of December 31, 2019 |
|
2,741,180 |
|
$ |
3.19 |
|
$ |
111,000 |
|
2.73 |
Granted |
|
100,000 |
|
|
2.16 |
|
|
52,000 |
|
2.79 |
Outstanding as of June 30, 2020 |
|
2,841,180 |
|
$ |
3.15 |
|
$ |
176,200 |
|
2.39 |
Exercisable as of June 30, 2020 |
|
2,681,180 |
|
$ |
2.79 |
|
$ |
91,600 |
|
1.82 |
|