Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2017

Stock-Based Compensation

Assumptions used in estimating fair value of stock options

	2017	2016
Dividend yield	0%	0%
Expected volatility	41.3%	42.4%
Expected life of option	Five Years	Five Years
Risk-free interest rate	1.8%	1.3%
Fair value of each option on grant date	$ 3.43	$  4.02

Stock option activity

		Weighted
		Average
		Exercise
	Shares	Price
Outstanding at January 1, 2017	16,168	$	14.40
Granted	2,250		8.91
Exercised	(250)		7.54
Outstanding at June 30, 2017	18,168	$	13.81
Exercisable at June 30, 2017	10,499	$	15.41