Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plan (Tables)

Stock-Based Compensation Plan (Tables)
6 Months Ended
Jun. 30, 2016
Stock-Based Compensation Plan [Abstract]  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards



Options Granted During the Six Months Ended June 30, 2016





Number of options



Option vesting period


1 Year

Grant price



Dividend yield



Expected volatility (a)



Risk-free interest rate



Expected life (years) (b)



Weighted average fair value






Expected volatility is based upon the Company’s historical volatility.


Because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term for these grants, the Company utilized the simplified method in developing an estimate of the expected term of these options.