Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Stock-Based Compensation

Assumptions used in estimating fair value of stock options

	2016	2015
Dividend yield	0%	0%
Expected volatility	42.4%	42.3% - 42.4%
Expected life of option	Five Years	Five Years
Risk-free interest rate	1.3%	1.4% - 1.5%
Fair value of each option on grant date	$ 4.02	$5.43 - $6.14

Stock option activity

		Weighted
		Average
		Exercise
	Shares	Price
Outstanding at January 1, 2016	12,168	$	15.47
Granted	4,500		10.75
Exercised	(500)		7.53
Outstanding at June 30, 2016	16,168	$	14.40
Exercisable at June 30, 2016	6,417	$	15.41