Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of Assumptions Used

The assumptions used to calculate the fair value of stock option awards granted during the years ended December 31, 2015, 2014 and 2013 are noted in the following table:

 

 

 

2015

 

 

2014

 

 

2013

 

Expected volatility

 

61%-64%

 

 

61%-67%

 

 

60%-71%

 

Weighted-average volatility

 

 

62%

 

 

 

65%

 

 

 

65%

 

Expected dividends

 

 

 

 

 

 

 

 

 

Expected term (in years)

 

5.1-6.3

 

 

5.3-7.4

 

 

5.0-6.2

 

Risk-free rate

 

1.5%-1.9%

 

 

1.6%-2.0%

 

 

1.0%-1.9%