Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2018

Stock-Based Compensation

Assumptions used in estimating fair value of stock options

	2018	2017
Dividend yield	0%	0%
Expected volatility	40.0%	41.3%
Expected life of option	Five Years	Five Years
Risk-free interest rate	2.8%	1.8%
Fair value of each option on grant date	$ 3.38	$  3.43

Stock option activity

		Weighted
		Average
		Exercise
	Shares	Price
Outstanding at January 1, 2018	18,168	$	13.81
Granted	2,750		8.63
Exercised	—		—
Expired and forfeited	(2,918)		12.56
Outstanding at June 30, 2018	18,000	$	13.22
Exercisable at June 30, 2018	12,247	$	15.09