Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plan (Tables)

Stock-Based Compensation Plan (Tables)
3 Months Ended
Mar. 31, 2015
Stock-Based Compensation Plan [Abstract]  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards








Options Granted During the Three Months Ended March 31, 2015






Number of options



Option vesting period


4 Years

Grant price



Dividend yield



Expected volatility (a)



Risk-free interest rate



Expected life (years) (b)



Weighted average fair value







Since the Company’s historical volatility was not representative of the ongoing future business, the Company’s expected volatility was based on a combination of the Company’s historical volatility and the historical volatility of a peer group of companies within similar industries and similar size as the Company.



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.