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Stock Plans (Tables)

12 Months Ended

Dec. 31, 2016

Stock Plans

Schedule of share-based compensation expense

				For the year ended December 31,
				2016					2015					2014
				(in thousands)
Cost of sales				$	1,956				$	2,495				$	2,456
Research and development				3,324					4,031					4,498
Selling, general, and administrative				10,433					11,474					11,859
Total				$	15,713				$	18,000				$	18,813

Summary of unrecognized share-based compensation costs

Unrecognized share-based compensation costs at December 31, 2016 are summarized below:

				Unrecognized					Weighted
				Share-Based					Average Period
				Compensation					Expected to be
				Costs					Recognized
				(in thousands)					(in years)
Stock option awards				$	660				0.6
Restricted stock units				3,034					2.0
Restricted stock awards				20,669					2.7
Performance share units				4,556					2.5
Total unrecognized share-based compensation cost				$	28,919				2.5

Schedule of options, vested and expected to vest

At December 31, 2016, options outstanding that have vested and are expected to vest are as follows:

								Weighted
	Number			Weighted				Average			Aggregate
	of			Average				Remaining			Intrinsic
	Shares			Exercise Price				Contractual Life			Value
		(in thousands)							(in years)			(in thousands)
Vested		1,449			$	35.39			4.9			$	39
Expected to vest		127			32.79				5.1			—
Total		1,576			$	35.18			4.9			$	39

Summary of stock option activity

					Weighted
		Number of			Average
		Shares			Exercise Price
			(in thousands)
Outstanding at December 31, 2013			2,598			$	29.98
Granted			509			33.05
Exercised			(561	)		23.88
Expired or forfeited			(155	)		36.22
Outstanding at December 31, 2014			2,391			31.65
Granted			17			30.22
Exercised			(192	)		12.95
Expired or forfeited			(152	)		38.15
Outstanding at December 31, 2015			2,064			32.91
Granted			—			—
Exercised			(194	)		12.18
Expired or forfeited			(294	)		34.44
Outstanding at December 31, 2016			1,576			$	35.18

Summary of information about stock option information

The following table summarizes stock option information at December 31, 2016:

		Options Outstanding										Options Exercisable
					Weighted														Weighted
					Average			Weighted							Aggregate				Average			Weighted
Range of					Remaining			Average							Intrinsic				Remaining			Average
Exercise Prices		Shares			Contractual Life			Exercise Price				Shares			Value				Contractual Life			Exercise Price
		(in thousands)			(in years)							(in thousands)			(in thousands)				(in years)
$20.00 – $30.00			32			5.8			$	28.18			29			$	39			5.9			$	28.04
$30.01 – $40.00			1,336			5.1			33.09				1,212			—				5.1			33.12
$40.01 – $50.00			73			2.7			45.93				73			—				2.7			45.96
$50.01 – $60.00			135			4.4			51.70				135			—				4.4			51.70
			1,576			4.9			$	35.18			1,449			$	39			4.9			$	35.39

Summary of valuation assumptions for stock option grants

		Year ended December 31,
		2015			2014
Weighted average fair value		$	10.58		$	11.58
Dividend yield		0%			0%
Expected volatility factor(1)		44%			44%
Risk-free interest rate(2)		1.18%			1.19%
Expected life (in years)(3)		3.9			3.9

(1) Expected volatility is measured using historical daily price changes of the Company’s stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded options.

(2) The risk-free rate for periods within the contractual term of the stock options is based on the U.S. Treasury yield curve in effect at the time of grant.

(3) The expected life is the number of years the Company estimates that options will be outstanding prior to exercise. The Company’s computation of expected life was determined using a lattice-based model incorporating historical post vest exercise and employee termination behavior.

Summary of information on options exercised

		Year ended December 31,
		2016			2015			2014
		(in thousands)
Cash received from options exercised		$	494		$	2,233		$	12,056
Intrinsic value of options exercised		$	1,165		$	2,089		$	8,390

Summary of RSA, RSU, PSA, and PSU awards activity

					Weighted
					Average
		Number of			Grant Date
		Shares			Fair Value
		(in thousands)
Outstanding - December 31, 2013			1,158			$	34.93
Granted			395			34.18
Released			(183	)		38.65
Forfeited			(133	)		33.66
Outstanding - December 31, 2014			1,237			34.27
Granted			672			30.33
Released			(389	)		35.65
Forfeited			(122	)		34.46
Outstanding - December 31, 2015			1,398				31.97
Granted			1,166			17.59
Released			(349	)		32.73
Forfeited			(266	)		27.31
Outstanding - December 31, 2016			1,949			$	23.85

Summary of valuation assumptions for employee stock purchase plan

		Year ended December 31,
		2016
Weighted average fair value		$	4.45
Dividend yield		0%
Expected volatility factor(1)		43%
Risk-free interest rate(2)		0.35%
Expected life (in years)(3)		0.5

(1) Expected volatility is measured using historical daily price changes of the Company’s stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded options.

(2) The risk-free rate for periods within the contractual term of the purchase rights is based on the U.S. Treasury yield curve in effect at the time of grant.

(3) The expected life is the length of time, in years, that the purchase rights will be outstanding.

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