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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Assumptions used for Estimating Fair Value of Each Option Award on Date of Grant using Black-Scholes Valuation Model

     Years Ended December 31,  
     2015     2014     2013  

Expected volatility

     26 – 30     27 – 35     30 – 37

Expected dividends

     —          —          —     

Expected life (in years)

     4.1 – 6.3        3.1 – 7.0        3.6 – 6.3   

Risk-free interest rate

     1.3 – 1.9     1.1 – 2.0     0.5 – 1.7

 

Schedule of Option Activity

A summary of option activity for 2015 is presented below:

 

     Time
Based
    Performance
Based
    Total     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2015

     1,146,509        384,601        1,531,110      $ 13.57         6.4       $ 3,979,000   

Options granted

     281,474        —          281,474        12.11         

Options cancelled

     (34,498     (4,934     (39,432     19.78         

Options exercised

     —          —          —          —           

Options forfeited and expired

     (448,442     (143,737     (592,179     17.71         
  

 

 

   

 

 

   

 

 

         

Outstanding at December 31, 2015

     945,043        235,930        1,180,973        10.95         4.5       $ —     
  

 

 

   

 

 

   

 

 

         

Vested and expected to vest at December 31, 2015

     919,115        231,338        1,150,453        10.87         4.4       $ —     
  

 

 

   

 

 

   

 

 

         

Exercisable at December 31, 2015

     668,425        208,793        877,218        10.05         3.9       $ —     
  

 

 

   

 

 

   

 

 

         
Schedule of Stock-Based Compensation Expense Recognized

Stock-based compensation expense for both time based and performance based awards was recognized in the consolidated statements of operations as follows:

 

     Years Ended December 31,  

(in thousands)

   2015      2014      2013  

Cost of goods sold

   $ 192       $ 135       $ 41   

Sales and marketing

     254         154         93   

General and administrative

     1,330         621         429   

Research and development

     226         121         15   
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 2,002       $ 1,031       $ 578   
  

 

 

    

 

 

    

 

 

 
Summary of Restricted Stock Awards Activity

A summary of restricted stock awards activity for 2015 is presented below:

 

     Time Based      Weighted
Average Grant
Date Fair Value Per
Share
 

Issued and unvested at January 1, 2015

     —         $ —     

Granted

     1,368,700         5.97   

Vested

     —           —     

Forfeited

     (280,532      6.01   
  

 

 

    

 

 

 

Issued and unvested at December 31, 2015

     1,088,168       $ 5.96