STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2015

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

STOCK-BASED COMPENSATION

7. STOCK-BASED COMPENSATION

The Company did not issue any stock options during the three months ended September 30, 2015. For additional disclosures related to the Company’s stock-based compensation refer to Notes 2 and 4 of the Notes to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

During the three months ended September 30, 2015, options were exercised for the purchase of 1,000 shares of common stock at a weighted-average exercise price of $5.49. No options were exercised during the three months ended September 30, 2014. During the nine months ended September 30, 2015 and 2014, options were exercised for the purchase of 34,000 shares of common stock at a weighted-average exercise price of $5.49 and 30,697 shares of common stock at a weighted-average exercise price of $5.87, respectively.