Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Stock-based Compensation

Assumptions used in estimating fair value of stock options

	2015	2014
Dividend yield	0%	0%
Expected volatility	42.3% - 42.4%	44.3%
Expected life of option	Five Years	Five Years
Risk-free interest rate	1.4% -1.5%	1.7%
Fair value of each option on grant date	$5.43 - $6.14	$11.49

Stock option activity

		Weighted
		Average
		Exercise
	Shares	Price
Outstanding at January 1, 2015	4,918	$	15.78
Granted	7,250	15.25
Exercised	—	—
Expired and forfeited	—	—
Outstanding at June 30, 2015	12,168	$	15.47
Exercisable at June 30, 2015	2,833	$	13.53