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Employee Stock Purchase Plan Stock Options and Warrants (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The stock-based compensation expense before income tax expense for the years ended December 31, 2014, 2013 and 2012, consisted of the following (in thousands):

 
2014
 
2013
 
2012
Cost of goods sold
$
198

 
$
145

 
$
245

Research and development
69

 
87

 
119

Selling, general, and administrative
1,193

 
1,235

 
1,553

Stock-based compensation expense before taxes
$
1,460

 
$
1,467

 
$
1,917

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
In applying the Black-Scholes methodology to the option grants, the fair value of our stock-based awards granted were estimated using the following assumptions for the periods indicated below:

 
2014
 
2013
 
2012
Risk-free interest rate
1.53%
-
1.97%
 
0.65%
-
1.16%
 
0.54%
-
0.95%
Expected option life
5.0
-
5.5 years
 
4.2
-
6.0 years
 
4.2
-
6.0 years
Expected dividend yield
—%
 
—%
 
—%
Expected price volatility
34.52%
-
36.90%
 
34.08%
-
41.67%
 
42.01%
-
44.56%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable
The table below presents information related to stock option activity for the years ended December 31, 2014, 2013 and 2012 (in thousands):

 
2014
 
2013
 
2012
Total intrinsic value of stock options exercised
$
3,505

 
$
1,649

 
$
3,472

Cash received from stock option exercises
7,697

 
3,281

 
3,325

Excess tax benefit from the exercise of stock options
576

 
259

 
877

Schedule of Share-based Compensation, Stock Options, Activity
Changes in stock options for the year ended December 31, 2014, consisted of the following (shares and intrinsic value in thousands):
 
Number
of Shares
 
Weighted Average
Exercise Price
 
Remaining Contractual
Term (in years)
 
Intrinsic
Value
2014:
 

 
 

 
 
 
 

Beginning balance
3,008

 
$
12.14

 
 
 
 

  Granted
666

 
12.59

 
 
 
 

  Exercised
(878
)
 
11.03

 
 
 
 

  Forfeited/expired
(5
)
 
13.52

 
 
 
 

Outstanding at December 31
2,791

 
12.60

 
3.7
 
$
13,210

Exercisable
1,475

 
12.44

 
3.6
 
7,209

Ending vested and expected to vest
2,710

 
12.60

 
1.9
 
12,833

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about stock options outstanding at December 31, 2014 (shares in thousands):
 
 
 
 
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise
 
Number Outstanding
 
Weighted Average Remaining Contractual Life (in years)
 
Weighted Average Exercise Price
 
Number Exercisable
 
Weighted Average Exercise Price
$
9.71

-
$11.53
 
 
778

 
1.32
 
$
10.80

 
678

 
$
10.93

$
12.06

-
$13.14
 
 
779

 
6.21
 
12.40

 
67

 
13.02

$
13.16

-
$13.16
 
 
85

 
2.48
 
13.16

 
70

 
13.16

$
13.75

-
$16.41
 
 
1,149

 
3.58
 
13.90

 
660

 
13.86

$
9.71

-
$16.41
 
 
2,791

 
 
 
 

 
1,475