Share-Based Compensation and Stock Repurchases (Tables)

9 Months Ended

Sep. 30, 2015

Share-Based Compensation and Stock Repurchases

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

Expected annual dividend rate	1.18		%
Risk-free interest rate	1.62		%
Average expected life (years)	5.7
Expected volatility of common stock	0.401
Forfeiture rate	0.0		%
Weighted average fair value of option grants	$	4.75