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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Significant Accounting Policies  
Schedule of estimated useful lives of property, plant, and equipment

 

 

Leasehold improvements

 

Shorter of estimated useful life or remaining lease term

Buildings and improvements

 

31.5 years

Equipment

 

7-10 years

Furniture and fixtures

 

3-7 years

Schedule of share-based compensation cost charged against income for stock compensation plans

 

 

 

 

Year Ended December 31

 

 

 

2012

 

2011

 

2010

 

Selling, general, and administrative expenses

 

$

860,405

 

$

1,088,672

 

$

963,710

 

Schedule of assumptions used to determine the intrinsic fair market value of the options, using the Black Scholes valuation model

 

 

 

 

Year Ended December 31

 

 

 

2012

 

2011

 

2010

 

Expected volatility

 

56.90%

 

54.8% to 73.3%

 

65.8% to 83.4%

 

Expected dividends

 

None

 

None

 

None

 

Risk-free interest rate

 

0.39%

 

0.9% to 2.9%

 

2.0% to 3.2%

 

Exercise price

 

Closing price on date of grant

 

Closing price on date of grant

 

Closing price on date of grant

 

Expected term

 

5 years

 

4.6 to 7.7 years (output in lattice-based model)

 

4.1 to 7.9 years (output in lattice-based model)