Share-Based Compensation and Stock Repurchases (Tables)

9 Months Ended

Sep. 30, 2016

Share-Based Compensation and Stock Repurchases

Schedule of assumptions used and weighted average fair value for stock option grants

The following table shows the assumptions used and weighted average fair value for stock option grants during the nine months ended September 30, 2016.

Expected annual dividend rate		1.08	%
Risk-free interest rate		1.53	%
Average expected life (years)		5.7
Expected volatility of common stock		0.401
Forfeiture rate		0.0	%
Weighted average fair value of option grants	$	5.22