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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Fair Value Assumptions Used in Valuing Stock Options

Option awards are valued based on the grant date fair value of the instruments, net of estimated forfeitures, using a Black-Scholes option pricing model with the following assumptions:

 

      Year Ended December 31,  
      2016       2015  
                 
Volatility     38% - 50%       29% - 39%  
Risk-free interest rate     1.12% - 1.93%       1.31% - 1.94%  
Expected term     6.25 years       6.25 years  

Schedule of Stock Option Activity

The following summarizes stock option activity for the year ended December 31, 2016:

 

                  Weighted        
      Number of     Weighted
Average
    Average Remaining     Aggregate
Intrinsic
 
      Options     Exercise Price     Contractual Life     Value  
Outstanding at December 31, 2015       1,066,360     $ 5.37       7.4     $ 64,500  
                                   
Granted       264,750       4.32                  
Exercised       (3,088 )     3.96                  
Forfeited       (199,654 )     5.40                  
Outstanding at December 31, 2016       1,128,368     $ 5.12       7.0     $ 514,439  
                                   
Exercisable at December 31, 2016       527,539     $ 5.32       5.0     $ 205,828