Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v2.4.0.8
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2014
Stock Based Compensation Tables  
Schedule Fair Value Options

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model. On the date of grant, the following weighted average assumptions were utilized as follows:

 

    NINE MONTHS ENDED SEPTEMBER 30,  
    2014     2013  
Risk-free interest rates     1.65 %     0.78% - 1.24 %
Expected option life in years   5 years      5 years  
Expected stock price volatility     42.65 %     43.54% - 44.31 %
Expected dividend yield     -0-       -0-