The following information comes from the 2018 Annual Report to stockholders of Composition Inc. (in thousands):
From the Statement of Changes in Shareholders' Equity: 
From the Statement of Cash Flows:
Cash flows from financing activities: 
What was the average exercise price per share of stock issued under option plans in 2018?
Definitions:
Variable Expenses
Costs that change in proportion to the level of goods or services a business produces.
Transfer Price
The amount at which commodities and services are dealt among subdivisions within the same business entity.
Valve Division
A dedicated segment of a company focusing on the production or distribution of valves.
Variable Expenses
Costs that vary directly with the level of business activity or production volume.
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