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Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Stock Compensation  
Schedule of valuation assumptions used for valuation of fair value of stock compensation granted

We utilized the Black-Scholes valuation model for estimating the fair value of the stock options granted, with the following weighted-average assumptions:

Employee Stock Options

Employee Stock Purchase Plan

For the year ended December 31,

For the year ended December 31,

 

2021

  

2020

  

2019

  

2021

  

2020

  

2019

Average risk-free interest rates

0.62

%  

0.80

%  

2.27

%  

0.40

%  

0.17

%  

1.82

%

Average expected life (in years)

5.01

4.98

5.27

0.50

0.50

0.50

Volatility

39

%  

40

%  

45

%  

33

%  

45

%  

31

%

Weighted-average fair value (in dollars)

29.03

32.65

32.38

18.02

19.13

14.04