Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of share-based payment award, stock options, valuation assumptions

The weighted-average assumptions used to value options as of their grant date were as follows:




	Six Months Ended June 30,
	2016		2015
Risk-free interest rate	1.43	%	1.54	%
Expected volatility	38.22	%	44.30	%
Expected life (in years)	4.17		4.18
Dividend yield	0	%	0	%

On June 15, 2016, at the Company's 2016 Annual Meeting of Stockholders, the stockholders of the Company approved the 2016 Equity and Incentive Plan (2016 Plan). The 2016 Plan authorizes the Company to issue up to 3,000 shares of common stock (plus an additional 1,690 shares intended to roll over into the 2016 Plan shares subject to awards outstanding on June 15, 2016 under earlier plans that may be forfeited, canceled, required by the Company or terminated) pursuant to stock options, restricted stock awards and other stock-based awards.

(b) Employee Stock Purchase Plan

On June 15, 2016, at the Company's 2016 Annual Meeting of Stockholders, the stockholders of the Company also approved amendments to the Company's Amended and Restated Employee Stock Purchase Plan (ESPP) that, among other things, increased the number of shares of common stock reserved for issuance by 1,000 to a total of 1,650. As amended, the ESPP affords eligible employees the right to purchase common stock, via payroll deductions, through various offering periods at a purchase price equal to 85% of the fair market value of the common stock on the first or last day of the offering period, whichever is lower. The Company recorded compensation charges of $0 and $14 for the three months ended June 30, 2016 and 2015, respectively, and $0 and $29 for the six months ended June 30, 2016 and 2015, respectively, related to the ESPP.