SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2016

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Components of Inventories

The components of inventories are as follows as of September 30, 2016 and December 31, 2015, respectively (amounts in thousands):

	September 30, 2016			December 31, 2015
Raw materials	$	7,562		$	11,262
Finished goods		9,037			12,380
Inventory reserves		(714	)		(738	)
LIFO reserve		(3,655	)		(3,637	)
	$	12,229		$	19,267

Components of Compensation Expense as a Result of Share-based Payments

The components of compensation expense are as follows for the three and nine months ended September 30, 2016 and September 25, 2015, respectively (amounts in thousands):

	Three Months Ended					Nine Months Ended
	September 30, 2016			September 25, 2015		September 30, 2016			September 25, 2015
Stock appreciation right (income) expense	$	(35	)	$	13	$	(11	)	$	76

Assumptions for Expected Term, Volatility and Risk-free Rate

The assumptions for expected term, volatility and risk-free rate are presented in the table below as of September 30, 2016 and September 25, 2015, respectively:

	September 30, 2016	September 25, 2015
Expected term (years)	0.7 - 4.8	0.9 - 4.8
Volatility	188.8% - 274.3%	133.1% - 313.7%
Risk-free interest rate	0.5% - 1.1%	0.3% - 1.4%

Reclassifications

As shown in the table below, pursuant to the guidance in ASU 2015-03, we have reclassified unamortized debt issuance costs associated with our term loan (see Note 4 for detail) in our previously reported Condensed Consolidated Balance Sheets as of December 31, 2015 to conform to our presentation as of September 30, 2016 as follows (amounts in thousands):

	As presented December 31, 2015		Reclassifications			As adjusted December 31, 2015
Other assets	$	3,882	$	(2,135	)	$	1,747
Current maturities of long-term debt		1,800		(657	)		1,143
Long-term debt		22,913		(1,478	)		21,435

As shown in the table below, pursuant to the guidance in ASU 2015-03, we have reclassified amortized debt issuance costs associated with our term loan (see Note 4 for detail) in our previously reported Condensed Consolidated Statements of Cash Flows as of September 25, 2015 to conform to our presentation as of September 30, 2016 as follows (amounts in thousands):

	As presented September 25, 2015			Reclassifications			As adjusted September 25, 2015
Amortization of debt issuance costs	$	458		$	(328	)	$	130
Accrued expenses		(1,367	)		328			(1,039	)