Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Options granted during the three months ended March 31, 2016 were as follows:


(1)	Fair value is calculated using the Black-Scholes option pricing model.


(2)	Options vest in four equal annual installments beginning on the first anniversary of the respective grant dates.


(3)	Compensation expense recognized each period is based on the award's estimated value at the most recent reporting date.

Restricted stock granted during the three months ended March 31, 2016 was as follows:


(1)	Fair value is calculated using the closing price on the grant date.


(2)	Vests in four equal annual installments beginning on the first anniversary of the grant date.