Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v3.10.0.1
Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 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 and members of our board of directors:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Risk-free interest rate
2.6%
 
1.6%
 
2.5%
 
1.6%
Expected life of options — years
3.48
 
4.35
 
3.54
 
4.07
Expected stock price volatility
22%
 
26%
 
22%
 
26%
Expected dividend yield
0.6%
 
0.8%
 
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 six months ended June 30, 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
10,617

 
$
6.44

 
 
 
 
Exercised
(41,644
)
 
$
3.18

 
 
 
 
Forfeited, cancelled or expired
(1,926
)
 
$
4.48

 
 
 
 
Outstanding as of June 30, 2018
247,504

 
$
3.96

 
6.40
 
$
695,499

Exercisable as of June 30, 2018
115,544

 
$
3.40

 
5.30
 
$
389,015

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 six months ended June 30, 2018:
 
Shares
 
Grant Date
Fair Value
Per Share
Nonvested as of December 31, 2017
31,323

 
$
4.54

Granted
7,123

 
$
6.27

Vested
(3,518
)
 
$
3.92

Forfeited
(569
)
 
$
4.80

Nonvested as of June 30, 2018
34,359

 
$
4.93