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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
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

 

20 years

Machinery & Equipment

 

7 -10 years

Furniture, fixtures, computers & software

 

3 - 7 years

 

Schedule of the compensation cost charged against income for plans included in selling, general & administrative expenses

The compensation cost charged against income for those plans is included in selling, general & administrative expenses as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Share-based compensation expense

 

$
1,119 

 

$
924 

 

$
860 

 

 

Schedule of assumptions used to determine the fair value of options using Black Scholes option pricing model

 

 

 

 

Year Ended December 31,

 

 

2014

 

2013

 

2012

Expected volatility

 

32.8% - 37.9%

 

34.0% - 50.0%

 

56.90%

Expected dividends

 

None

 

None

 

None

Risk-free interest rate

 

0.7% - 0.9%

 

0.4% - 0.7%

 

0.39%

Exercise price

 

Closing price on date of grant

 

Closing price on date of grant

 

Closing price on date of grant

Expected term

 

3.8 to 5.0 years

 

3.3 to 5.0 years

 

5 years

Weighted-average grant-date fair value

 

$7.24

 

$5.84

 

$7.72