STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes stock-based compensation expense, net of forfeitures, included in our accompanying unaudited interim condensed consolidated statements of earnings:

(in thousands)	Three Months Ended March 31,
	2016		2015
Cost of sales	$	(10)	$	17
Research and development	$	27	$	16
Selling, general, and administrative	$	1,088	$	536

Schedule of Share-based Compansation, Stock Option And Restricted Stock, Activity

A summary of stock option and restricted stock activity under the Plan during the three months ended March 31, 2016 and 2015 is presented below:

(in thousands)	Options		RSAs
Outstanding December 31, 2014		458		63
Granted		50		-
Options Exercised/RSAs Vested		(2)		-
Forfeited		(53)		(3)
Outstanding March 31, 2015		453		60

Outstanding December 31, 2015		474		63
Granted		10		-
Options Exercised/RSAs Vested		(22)		-
Forfeited		(7)		-
Outstanding March 31, 2016		455		63