SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 27, 2015

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Components of inventories

Inventories – The components of inventories are as follows (amounts in thousands):

	March 27, 2015			December 31, 2014
Raw materials	$	8,078		$	6,457
Finished goods		15,444			14,714
Inventory reserves		(681	)		(618	)
LIFO reserve		(4,408	)		(4,672	)
	$	18,433		$	15,881

Components of compensation expense as a result of share-based payments

Compensation expense is included in selling, general and administrative expense in the Condensed Consolidated Statements of Operations.  The components of compensation expense are as follows (amounts in thousands):

	Three Months Ended
	March 27, 2015		March 28, 2014
Stock appreciation right expense	$	20	$	44

Assumptions for expected term, volatility and risk-free rate

The assumptions for expected term, volatility and risk-free rate are presented in the table below:

	March 27, 2015			March 28, 2014
Expected term (years)		1.4 - 4.6			2.4 - 4.6
Volatility		230.1% - 332.5	%		320.2% - 374.3	%
Risk-free interest rate		0.4% - 1.3	%		0.7% - 1.6	%