Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v2.4.1.9
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2014
Stock-based Compensation Tables  
Schedule of option shares

A summary of the status of the Company’s option shares is presented below:

 

Options   Shares     Weighted-
Average
Exercise Price		     Weighted-
Average
Remaining
Contractual
Term		     Aggregate
Intrinsic
Value		  
Outstanding at January 1, 2014     60,384     $ 32.79     $ 1.9     $ —  
Expired     (23,138 )     —       —       —  
Outstanding at December 31, 2014     37,246     $ 32.69     $ 0.3     $ —  
Exercisable at December 31, 2014     37,246     $ 32.69     $ 0.3     $ —
Schedule of stock purchase right estimated on the date of grant using weighted average assumption

In calculating compensation, the fair value of each stock purchase right was estimated on the date of grant using the following weighted average assumptions:

 

    2014     2013     2012  
Dividend yield     0.3 %     — %     — %
Expected volatility     21.5 %     32.0 %     32.0 %
Risk-free interest rate     0.1 %     0.1 %     0.1 %
Expected life (in years)     0.5       0.5       0.5