SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Schedule of Stock Options Assumptions

The fair value of the Company’s stock options granted under the 2012 plan for the years ended December 31, 2016, 2015 and 2014 was estimated using the following assumptions:

	2016	2015	2014
Expected stock price volatility	37.7% – 40.3%	35.07% – 38.97%	37.23% – 39.14%
Expected option life (in years)	3 – 5.5	3 – 4	2.87 – 4
Risk free interest rate	0.92% – 1.79%	0.92% – 1.39%	0.48% – 1.34%
Dividend yield	5%	5%	5% – 4.6%

Schedule of Stock Option Activity

The following table is a summary of the activity of TAT's Stock Option plan:

	Year ended December 31,					Year ended December 31,					Year ended December 31,
	2016					2015					2014
	Number of options			Weighted average exercise price		Number of options			Weighted average exercise price		Number of options			Weighted average exercise price
Outstanding at the beginning of the year		277,500		$	7.60		235,000		$	8.28		145,000		$	6.50
Granted		250,000			8.10		120,000			7.15		215,000			8.66
Forfeited		(177,400	)		7.56		(77,500	)		8.67		(40,000	)		8.79
Exercised		(20,100	)		6.50		-			-		(85,000	)		6.50
Outstanding at the end of the year		330,000		$	7.97		277,500		$	7.60		235,000			8.28
Exercisable options		20,000		$	7.15		30,000		$	6.50		20,000		$	6.50