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Stock-Based Compensation
9 Months Ended
Sep. 30, 2014
Share-Based Compensation [Abstract]  
STOCK-BASED COMPENSATION

10. STOCK-BASED COMPENSATION

 

We account for stock-based compensation in accordance with Codification Topic 718, Compensation-Stock Compensation, which generally requires us to recognize non-cash compensation expense for stock-based payments using the fair-value-based method. The fair value of each stock option grant has been estimated on the date of grant using the Black-Scholes option pricing model. Accordingly, we recorded compensation expense pertaining to stock-based compensation of $4,974 and $7,940 during the three-month periods ended September 30, 2014 and 2013, respectively, and $22,265 and $24,261 during the nine-month periods ended September 30, 2014 and 2013, respectively. Codification Topic 718 requires us to reflect gross tax savings resulting from tax deductions in excess of expense reflected in our financial statements as a financing cash flow.