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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity
The following table summarizes the Company’s stock option activity for the year ended December 31, 2015:
 
Shares
(in thousands)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic Value
(in thousands)
Outstanding as of December 31, 2014
6,812

 
$
23.26

 
 
 
 
Granted
1,519

 
41.00

 
 
 
 
Exercised
(1,520
)
 
18.14

 
 
 
 
Forfeited or expired
(167
)
 
31.94

 
 
 
 
Outstanding as of December 31, 2015
6,644

 
$
28.27

 
7.11
 
$
57,955

Exercisable as of December 31, 2015
2,596

 
$
17.69

 
5.31
 
$
43,597

Options vested or expected to vest at 
 December 31, 2015 (1)
6,065

 
$
27.29

 
6.96
 
$
57,291

(1) In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. Options expected to vest are calculated by applying an estimated forfeiture rate to the unvested options.
Weighted-Average Assumptions Used in Estimating Fair Values of Stock Options Granted
The fair values of stock options granted in each period presented were estimated using the following weighted-average assumptions:
 
Year Ended December 31,
 
2015
 
2014
 
2013
Risk-free rate
2.1
%
 
2.6
%
 
2.0
%
Expected dividend yield
1.25
%
 
%
 
%
Expected volatility
40
%
 
41
%
 
42
%
Expected term (in years)
5.4

 
5.4

 
5.8

Nonvested Restricted Stock Shares Activity [Table Text Block]
The following table summarizes the Company's restricted stock activity for the year ended December 31, 2015:
 
Shares (in thousands)
 
Weighted-Average Grant Fair Value
 
Aggregate Intrinsic Value (in thousands) (1)
Nonvested as of December 31, 2014
20

 
$
34.05

 
 
Granted

 

 
 
Vested

 

 
 
Forfeited or expired

 

 
 
Nonvested as of December 31, 2015
20

 
$
34.05

 
$
675


    (1) Fair market value as of December 31, 2015.
Stock-Based Compensation Expense
The following table presents the stock-based compensation expense by caption for each period presented on the Consolidated Statements of Operations (in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Cost of revenue
$
1,515

 
$
1,116

 
$
820

Research, development, and engineering
5,194

 
3,709

 
2,502

Selling, general, and administrative
13,032

 
9,234

 
6,461

Discontinued operations
1,533

 
1,099

 
837

 
$
21,274

 
$
15,158

 
$
10,620