Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v3.7.0.1
Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
Fair value of options granted
The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees and members of our board of directors:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Risk-free interest rate
1.6%
 
1.2%
 
1.6%
 
1.2%
Expected life of options — years
4.35
 
3.79
 
4.07
 
3.78
Expected stock price volatility
26%
 
24%
 
26%
 
24%
Expected dividend yield
0.8%
 
0.0%
 
0.8%
 
0.0%
Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the six months ended June 30, 2017:
 
Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2016
332,648

 
$
3.50

 
 
 
 
Granted
3,047

 
$
4.91

 
 
 
 
Exercised
(21,616
)
 
$
2.78

 
 
 
 
Forfeited, cancelled or expired
(2,657
)
 
$
3.76

 
 
 
 
Outstanding as of June 30, 2017
311,422

 
$
3.56

 
6.94
 
$
593,984

Exercisable as of June 30, 2017
21,616

 
$
2.91

 
5.73
 
$
291,021

Summary of restricted stock unit and stock award activity
The following table summarizes the restricted stock unit, including PRSUs, activity under our share-based plans for the six months ended June 30, 2017:
 
Shares
 
Grant Date
Fair Value
Per Share
Nonvested as of December 31, 2016
29,893

 
$
4.03

Granted
1,660

 
$
4.52

Vested
(978
)
 
$
3.83

Forfeited
(490
)
 
$
4.09

Nonvested as of June 30, 2017
30,085

 
$
4.07