content_image/236415.jpg content_image/236416.jpg
## 15. Expenses by Nature 

The Company presents certain expenses in the consolidated Statement of Net Income and Comprehensive Income by function. The following table presents those expenses by nature: 

<img src='content_image/236415.jpg'>

## 16. Stock-based Compensation Plans 

The following table summarizes stock options reserved, granted and available for future issuance: 

<img src='content_image/236416.jpg'>

The Company did not have any outstanding SARs during either 2013 or 2012; therefore no corresponding liability is recorded on the Statement of Financial Position. 

