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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Share Based Compensation [Abstract]  
Schedule of Share-Based Compensation Expense

The table below sets forth the line items where share-based compensation expense was recorded for the twelve months ended December 31, 2016, 2015 and 2014:

 

 

 

2016

 

 

2015

 

 

2014

 

Cost of goods sold

 

$

775

 

 

$

716

 

 

$

438

 

Selling, general and administrative expense

 

 

10,567

 

 

 

16,228

 

 

 

12,438

 

Research and development expense

 

 

2,687

 

 

 

2,026

 

 

 

1,228

 

Total share-based compensation expense

 

$

14,029

 

 

$

18,970

 

 

$

14,104

 

 

Schedule of Share-Based Compensation Expense by Type

The table below sets forth share-based compensation expense by type for the twelve months ended December 31, 2016, 2015 and 2014:

 

 

2016

 

 

2015

 

 

2014

 

Stock options

 

$

1,511

 

 

$

2,516

 

 

$

3,259

 

Share grants

 

 

12,518

 

 

 

16,454

 

 

 

10,845

 

Total share-based compensation expense

 

$

14,029

 

 

$

18,970

 

 

$

14,104

 

 

Schedule of Share Based Payment Award Stock Options Valuation Assumptions

Share-based compensation expense for stock options granted during 2014 was calculated on the date of grant using the Black-Scholes-Merton option-pricing model with the following weighted-average assumptions:

 

 

2014

 

Weighted-average grant date fair value (1)

 

$

15.68

 

Weighted-average assumptions used:

 

 

53.36

%

Expected volatility

 

 

7.2

 

Expected term (years)

 

 

2.08

%

Risk-free interest rate

 

 

0.00

%

Expected dividend yield

 

 

 

 

(1)  No stock options were granted in 2016 or 2015.

 

 

 

 

 

Schedule of Share Based Compensation Stock Options Activity

The table below sets forth a summary of activity in our stock option plans:

 

Stock Options

 

Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (years)

 

 

Aggregate Intrinsic Value

 

Outstanding at January 1, 2014

 

 

3,126

 

 

$

18.93

 

 

 

 

 

 

 

 

 

Granted

 

 

176

 

 

 

27.92

 

 

 

 

 

 

 

 

 

Exercised

 

 

(564

)

 

 

10.37

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(2

)

 

 

29.21

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

 

2,736

 

 

 

21.26

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

(653

)

 

 

15.63

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(20

)

 

 

22.91

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

 

2,063

 

 

 

23.03

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

(7

)

 

 

18.48

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(223

)

 

 

22.75

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

1,833

 

 

 

23.08

 

 

 

3.3

 

 

$

6,597

 

Exercisable at December 31, 2016

 

 

1,706

 

 

 

22.83

 

 

 

3.2

 

 

$

6,497

 

 

 

      

Schedule of Stock Options Outstanding

The table below sets forth information about stock options outstanding at December 31, 2016:

 

Plan

 

Range of exercise prices

 

Number outstanding

 

 

Weighted average remaining contractual life (years)

 

 

Weighted average exercise price

 

2001 Plan

 

$

15.05-28.45

 

 

1,492

 

 

 

3.0

 

 

$

22.50

 

2013 Plan

 

$

23.35-27.92

 

 

341

 

 

 

4.9

 

 

$

25.61

 

 

Schedule of Nonvested Restricted Stock Units Activity

The table below sets forth a summary of our non-vested share grants in 2016, 2015 and 2014:

 

Restricted Stock Grants

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value

 

Nonvested at January 1, 2014

 

 

1,131

 

 

$

22.35

 

 

 

 

 

Granted

 

 

788

 

 

 

25.08

 

 

 

 

 

Vested

 

 

(346

)

 

 

22.34

 

 

 

 

 

Forfeited

 

 

(38

)

 

 

24.98

 

 

 

 

 

Nonvested at December 31, 2014

 

 

1,535

 

 

 

23.32

 

 

 

 

 

Granted

 

 

1,557

 

 

 

22.46

 

 

 

 

 

Vested

 

 

(370

)

 

 

25.02

 

 

 

 

 

Forfeited

 

 

(43

)

 

 

26.08

 

 

 

 

 

Nonvested at December 31, 2015

 

 

2,679

 

 

 

23.51

 

 

$

61,247

 

Granted

 

 

880

 

 

 

18.63

 

 

 

 

 

Vested

 

 

(877

)

 

 

18.92

 

 

$

17,078

 

Forfeited

 

 

(62

)

 

 

20.80

 

 

 

 

 

Nonvested at December 31, 2016

 

 

2,620

 

 

 

21.31

 

 

$

67,247