Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v3.8.0.1
Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2018
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:
 
For the Three Months Ended March 31,
 
2018
 
2017
Risk-free interest rate
2.4%
 
1.6%
Expected life of options — years
3.57
 
3.71
Expected stock price volatility
21%
 
26%
Expected dividend yield
0.7%
 
0.8%

Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the three months ended March 31, 2018:
 
Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2017
280,457

 
$
3.76

 
 
 
 
Granted
6,972

 
$
6.12

 
 
 
 
Exercised
(19,088
)
 
$
3.20

 
 
 
 
Forfeited, cancelled or expired
(487
)
 
$
4.68

 
 
 
 
Outstanding as of March 31, 2018
267,854

 
$
3.86

 
6.53
 
$
638,150

Exercisable as of March 31, 2018
113,849

 
$
3.24

 
5.17
 
$
341,025

Summary of restricted stock unit and stock award activity
The following table summarizes the restricted stock unit, including PRSU, activity under our share-based plans for the three months ended March 31, 2018:
 
Shares
 
Grant Date
Fair Value
Per Share
Nonvested as of December 31, 2017
31,323

 
$
4.54

Granted
5,049

 
$
6.02

Vested
(150
)
 
$
3.98

Forfeited
(148
)
 
$
4.95

Nonvested as of March 31, 2018
36,074

 
$
4.75