Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Share-Based Compensation

Schedule of assumptions used and weighted average fair value for stock option grants

The following table shows the assumptions used and weighted average fair value for stock option grants during the three months ended March 31, 2014.

Expected annual dividend rate	1.32		%
Risk-free interest rate	1.50		%
Average expected life (years)	5.8
Expected volatility of common stock	0.431
Forfeiture rate	0.0		%
Weighted average fair value of option grants	$	4.47