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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2015
Stock-based Compensation Tables |
Schedule of stock purchase right estimated on the date of grant using weighted average assumption | Based on the Black-Scholes option pricing model, the weighted average estimated fair value of each of the purchase rights granted under the ASPP was $2.36 for 2015. For 2014 and 2013, the weighted average fair value purchase right granted was $2.12 and $2.21, respectively. In calculating compensation, the fair value of each stock purchase right was estimated on the date of grant using the following weighted average assumptions:
|  | 2015 |  |  | 2014 |  |  | 2013 |
Dividend yield |  |  | 0.8 | % |  |  | 0.3 | % |  |  | — | %
Expected volatility |  |  | 19.0 | % |  |  | 21.5 | % |  |  | 32.0 | %
Risk-free interest rate |  |  | 0.1 | % |  |  | 0.1 | % |  |  | 0.1 | %
Expected life (in years) |  |  | 0.5 |  |  |  | 0.5 |  |  |  | 0.5 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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