Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Stock-Based Compensation

Assumptions used in estimating fair value of stock options

	2015
Dividend yield	0%
Expected volatility	42.4%
Expected life of option	Five Years
Risk-free interest rate	1.5%
Fair value of each option on grant date	$ 6.14

Stock option activity

		Weighted
		Average
		Exercise
	Shares	Price
Outstanding at January 1, 2016	12,168	$	15.47
Exercised	(500)		7.53
Outstanding at March 31, 2016	11,668	$	15.80
Exercisable at March 31, 2016	3,999	$	15.22