Accounting For Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Share-based Compensation [Abstract]

Schedule of Stock Option Activity

The following is a summary of stock option activity for the three months ended March 31, 2016:

	Options Outstanding	Weighted Average Exercise Price Per Share
Outstanding, December 31, 2015	570,500	$	8.00
Granted	5,000	9.51
Exercised	—	—
Expired	—	—
Forfeited	—	—
Outstanding, March 31, 2016	575,500	$	8.02
Exercisable, March 31, 2016	239,335	$	8.33

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

For stock options granted in the three months ended March 31, 2016, we utilized the fair value of our common stock on the date of grant and employed the following key assumptions in computing fair value using the Black-Scholes option-pricing model:

	2016
Risk-free interest rates	1.24%
Expected life in years	5.10
Expected volatility	42.22%
Dividend yield	—%
Weighted average fair value on grant date	$3.68

Schedule of Non-Vested Restricted Stock Activity

A summary of activity in non-vested restricted stock units for the three months ended March 31, 2016 is as follows:

Non-vested restricted stock units	Shares		Weighted Average Grant Date Fair Value
Non-vested at December 31, 2015	54,315		$	7.43
Granted	—		—
Vested	(6,597	)	7.05
Forfeited	—		—
Non-vested at March 31, 2016	47,718		$	7.48