0001158114 2015-01-01 2015-03-31 0001158114 2015-05-05 0001158114 2015-03-31 0001158114 2014-12-31 0001158114 2014-01-01 2014-03-31 0001158114 2013-12-31 0001158114 2014-03-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2015-03-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2015-03-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2015-03-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2014-12-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2014-12-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2014-12-31 0001158114 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-03-31 0001158114 us-gaap:EmployeeStockOptionMember 2014-01-01 2014-03-31 0001158114 us-gaap:RestrictedStockMember 2015-01-01 2015-03-31 0001158114 us-gaap:RestrictedStockMember 2014-01-01 2014-03-31 0001158114 us-gaap:LandImprovementsMember 2015-03-31 0001158114 us-gaap:LandImprovementsMember 2014-12-31 0001158114 us-gaap:BuildingAndBuildingImprovementsMember 2015-03-31 0001158114 us-gaap:BuildingAndBuildingImprovementsMember 2014-12-31 0001158114 us-gaap:MachineryAndEquipmentMember 2015-03-31 0001158114 us-gaap:MachineryAndEquipmentMember 2014-12-31 0001158114 us-gaap:FurnitureAndFixturesMember 2015-03-31 0001158114 us-gaap:FurnitureAndFixturesMember 2014-12-31 0001158114 us-gaap:ComputerEquipmentMember 2015-03-31 0001158114 us-gaap:ComputerEquipmentMember 2014-12-31 0001158114 us-gaap:TransportationEquipmentMember 2015-03-31 0001158114 us-gaap:TransportationEquipmentMember 2014-12-31 0001158114 AAOI:TermLoan1Member 2015-03-31 0001158114 AAOI:TermLoan1Member 2014-12-31 0001158114 us-gaap:LineOfCreditMember 2015-03-31 0001158114 us-gaap:LineOfCreditMember 2014-12-31 0001158114 AAOI:LineOfCredit2Member 2015-03-31 0001158114 AAOI:LineOfCredit2Member 2014-12-31 0001158114 AAOI:LineOfCredit3Member 2015-03-31 0001158114 AAOI:LineOfCredit3Member 2014-12-31 0001158114 AAOI:LineOfCredit4Member 2015-03-31 0001158114 AAOI:LineOfCredit4Member 2014-12-31 0001158114 AAOI:LineOfCredit5Member 2015-03-31 0001158114 AAOI:LineOfCredit5Member 2014-12-31 0001158114 AAOI:TermLoan1Member 2015-01-01 2015-03-31 0001158114 us-gaap:LineOfCreditMember 2015-01-01 2015-03-31 0001158114 AAOI:LineOfCredit2Member 2015-01-01 2015-03-31 0001158114 AAOI:LineOfCredit3Member 2015-01-01 2015-03-31 0001158114 AAOI:LineOfCredit4Member 2015-01-01 2015-03-31 0001158114 AAOI:LineOfCredit5Member 2015-01-01 2015-03-31 0001158114 AAOI:NotePayableMember 2015-01-01 2015-03-31 0001158114 country:US 2015-03-31 0001158114 country:US 2015-01-01 2015-03-31 0001158114 country:US 2014-12-31 0001158114 country:TW 2015-01-01 2015-03-31 0001158114 country:TW 2015-03-31 0001158114 us-gaap:CostOfSalesMember 2015-01-01 2015-03-31 0001158114 us-gaap:CostOfSalesMember 2014-01-01 2014-03-31 0001158114 us-gaap:ResearchAndDevelopmentExpenseMember 2015-01-01 2015-03-31 0001158114 us-gaap:ResearchAndDevelopmentExpenseMember 2014-01-01 2014-03-31 0001158114 us-gaap:SellingAndMarketingExpenseMember 2015-01-01 2015-03-31 0001158114 us-gaap:SellingAndMarketingExpenseMember 2014-01-01 2014-03-31 0001158114 us-gaap:GeneralAndAdministrativeExpenseMember 2015-01-01 2015-03-31 0001158114 us-gaap:GeneralAndAdministrativeExpenseMember 2014-01-01 2014-03-31 0001158114 us-gaap:WarrantMember 2015-01-01 2015-03-31 0001158114 country:US 2014-01-01 2014-03-31 0001158114 country:TW 2014-01-01 2014-03-31 0001158114 country:CN 2015-01-01 2015-03-31 0001158114 country:CN 2014-01-01 2014-03-31 0001158114 country:TW 2014-12-31 0001158114 country:CN 2015-03-31 0001158114 country:CN 2014-12-31 0001158114 us-gaap:TrademarksMember 2014-12-31 0001158114 us-gaap:PatentsMember 2014-12-31 0001158114 us-gaap:PatentsMember 2015-03-31 0001158114 us-gaap:TrademarksMember 2015-03-31 0001158114 us-gaap:RestrictedStockUnitsRSUMember 2014-12-31 0001158114 us-gaap:RestrictedStockUnitsRSUMember 2015-03-31 0001158114 us-gaap:RestrictedStockUnitsRSUMember 2015-01-01 2015-03-31 0001158114 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-03-31 0001158114 us-gaap:EmployeeStockOptionMember 2014-01-01 2014-03-31 0001158114 us-gaap:RestrictedStockUnitsRSUMember 2014-01-01 2014-03-31 0001158114 us-gaap:WarrantMember 2014-01-01 2014-03-31 0001158114 AAOI:LineOfCredit1Member 2015-03-31 0001158114 AAOI:LineOfCredit1Member 2014-12-31 0001158114 AAOI:NotePayableMember 2015-03-31 0001158114 AAOI:NotePayableMember 2014-12-31 0001158114 AAOI:LineOfCredit6Member 2014-12-31 0001158114 AAOI:LineOfCredit6Member 2015-03-31 0001158114 AAOI:LineOfCredit1Member 2015-01-01 2015-03-31 0001158114 AAOI:LineOfCredit6Member 2015-01-01 2015-03-31 0001158114 AAOI:BankAcceptanceNotesPayableMember 2014-12-31 0001158114 AAOI:BankAcceptanceNotesPayableMember 2015-03-31 0001158114 AAOI:BankAcceptanceNotesPayableMember 2015-01-01 2015-03-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember 2015-03-31 0001158114 us-gaap:FairValueMeasurementsRecurringMember 2014-12-31 0001158114 AAOI:EastWestBankMember 2015-01-01 2015-03-31 0001158114 AAOI:EastWestBankMember 2015-03-31 0001158114 AAOI:EastWestBankTermLoanMember 2015-03-31 0001158114 AAOI:EastWestBankTermLoanMember 2015-01-01 2015-03-31 0001158114 AAOI:EastWestBankConstructionLoanMember 2015-03-31 0001158114 AAOI:EastWestBankConstructionLoanMember 2015-01-01 2015-03-31 0001158114 AAOI:CTBCBankTaipeiMember 2015-03-31 0001158114 AAOI:ESunCommercialBankTaiwanMember 2015-03-31 0001158114 AAOI:ESunCommercialBankTaiwanMember 2015-01-01 2015-03-31 0001158114 AAOI:ESunCommercialBankTaiwan2Member 2015-03-31 0001158114 AAOI:ESunCommercialBankTaiwan2Member 2015-01-01 2015-03-31 0001158114 AAOI:MegaInternationalCommercialBankTaiwanMember 2015-03-31 0001158114 AAOI:MegaInternationalCommercialBankTaiwanMember 2015-01-01 2015-03-31 0001158114 AAOI:TaiwanLocationMember 2015-01-01 2015-03-31 0001158114 AAOI:TaiwanLocationMember 2015-03-31 0001158114 AAOI:ChinaConstructionBankMember 2015-01-01 2015-03-31 0001158114 AAOI:ChinaConstructionBankMember 2015-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares Applied Optoelectronics, Inc. 0001158114 10-Q/A 2015-03-31 false --12-31 No No Yes Accelerated Filer Q1 2015 14940596 9909000 32175000 22006000 52411000 1048000 509000 8190000 8189000 29962000 31589000 651000 980000 0 651000 0 0 980000 0 651000 980000 7814000 6017000 101139000 113239000 8993000 0 920000 930000 3828000 3833000 1823000 860000 186215000 183670000 18721000 9591000 25301000 30799000 51785000 48601000 18773000 19057000 750000 1000000 71308000 68658000 0 0 15000 15000 192705000 192112000 1902000 1925000 -79715000 -79040000 114907000 115012000 186215000 183670000 0.001 0.001 5000000 5000000 0 0 0 0 0.001 0.001 45000000 45000000 14893000 14824000 14893000 14824000 20183000 16206000 10051000 8653000 4805000 3546000 1559000 1333000 5003000 3554000 11367000 8433000 -1316000 220000 74000 79000 -675000 110000 0 25000 -675000 85000 -0.05 0.01 -0.05 0.01 14844211 12792322 14844211 13787580 -23000 -279000 -698000 -194000 565000 272000 2034000 1239000 -10000 1000 516000 489000 16000 25000 53000 25000 50000 23000 397000 416000 0 131000 385000 414000 73000 2000 -1643000 1829000 -326000 0 10543000 4822000 1764000 46000 -5263000 4298000 -647000 -406000 -13798000 -721000 31000 0 -6333000 -5647000 0 12000 956000 8000 94000 3065000 -16407000 -8708000 0 3150000 94000 26000 25091000 5788000 16253000 14954000 1267000 2307000 1086000 1940000 250000 250000 537000 73000 77000 107000 0 45671000 8215000 39780000 -276000 54000 -22266000 30405000 136000 164000 75000 26000 0 996 416 0 412 0 4 0 600000 300000 2019-07-19 2017-07-15 2016-02-06 2016-02-06 2015-11-27 2015-05-31 2015-07-30 2015-11-15 2016-03-17 2015-09-30 2017-07-15 2019-07-31 2016-04-26 2013-12-31 2016-02-06 2015-11-27 2015-07-31 2016-03-17 LIBOR plus 2.75% LIBOR plus 2.75% LIBOR plus 1.2% LIBOR plus 1.7% Interest Rate Index plus 0.41% or LIBOR plus 1.28% interest ranged from 0.76% to 1.66% 4.95% interest interest rate swap index 1.5%, or 2.40% interest at 108% of China Prime rate, or 5.79% zero percent interest rate, a 30% guarantee deposit of&#194;&#160;$434 P2Y4M13D P3Y9M22D 8993000 0 0 3000000 <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Business Overview</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">Applied Optoelectronics, Inc., or AOI, was originally incorporated in Texas in February of 1997 and then converted to a Delaware corporation in March of 2013. AOI together with its wholly-owned subsidiaries are collectively referred to as the Company. The Company is a leading, vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: cable television, fiber-to-the-home and internet data centers. The Company designs and manufactures a wide range of optical communications products at varying levels of integration, from components, subassemblies and modules to complete turn-key equipment.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The Company has manufacturing and research and development facilities in all three of its locations, located in the U.S., Taiwan and China. At its corporate headquarters and manufacturing facilities in Sugar Land, Texas, the Company primarily manufactures lasers and laser components and performs research and development activities for laser component products. The Company operates a division in Taipei, Taiwan that primarily manufactures transceivers for both the data center and fiber-to-the-home (&#147;FTTH&#148;) markets and performs research and development activities for the transceiver products. The Company operates in Ningbo, China through its wholly-owned subsidiary Prime World International Holdings, Ltd. (incorporated in the British Virgin Islands), the sole parent of Global Technology, Inc. (incorporated in the People&#146;s Republic of China). Through Global Technology, the Company primarily manufactures Cable TV Broadband (&#147;CATV&#148;) systems and equipment and performs research and development activities for the CATV products.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify"><i>Interim Financial Statements</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The condensed consolidated financial statements of the Company, as of March 31, 2015 and December 31, 2014 and for the three months ended March 31, 2015 and March 31, 2014, have been prepared in accordance with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (&#147;SEC&#148;). In accordance with those rules and regulations, the Company has omitted certain information and notes normally provided in the Company&#146;s annual consolidated financial statements. In the opinion of management, the condensed consolidated financial statements contain all adjustments, except as otherwise noted, necessary for the fair presentation of the Company&#146;s financial position and results of operations for the periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. generally accepted accounting principles (&#147;GAAP&#148;). These condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company&#146;s Annual Report on Form 10-K (&#147;Annual Report&#148;) for the fiscal year ended December 31, 2014. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results expected for the entire fiscal year. All significant intercompany accounts and transactions have been eliminated.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify"><i>Use of Estimates</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates in the consolidated financial statements and accompanying notes. Significant estimates and assumptions that impact these financial statements and the accompanying notes relate to, among other things, allowance for doubtful accounts, valuation allowances for deferred tax assets, inventory reserve, share-based compensation expense, estimated useful lives of property and equipment, and taxes.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">There have been no changes in the Company&#146;s significant accounting policies for the three months ended March 31, 2015, as compared to the significant accounting policies described in its Annual Report.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; word-spacing: 0px; text-align: justify; text-indent: -36pt"><i>Recent accounting pronouncements</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; word-spacing: 0px; text-align: justify; text-indent: -36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">In May 2014, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#34;ASU&#34;) No. 2014-09,&#160;<i>Revenue from Contracts with Customers&#160;</i>(&#147;ASU 2014-09&#148;). The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016. Early adoption is not permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. The Company is in the process of evaluating the impact of adoption on its consolidated financial statements.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt"><b></b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The following table presents a summary of the Company&#146;s financial instruments measured at fair value on a recurring basis for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="14" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>As of March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="14" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>As of December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 1)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 2)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 3)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Total</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 1)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 2)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 3)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Total</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 12%; text-align: left; text-indent: 0pt; line-height: 10pt">Assets:</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 6%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 6%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 6%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Cash and cash equivalents</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">9,909</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">9,909</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">32,175</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">32,175</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Restricted cash</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10,041</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10,041</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">509</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">509</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Short term investments</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,190</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,190</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,189</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,189</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Notes receivable</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">651</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">651</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">980</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">980</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total assets</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">28,140</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">651</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">28,791</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">40,873</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">980</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">41,853</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Liabilities:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Bank acceptance payable</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total liabilities</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The carrying value amounts of accounts receivable, prepaid expenses and other current assets, borrowings from our credit facility, accounts payable, accrued expenses and other current liabilities approximate fair value because of the short-term maturity of these instruments.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt"></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Basic net income (loss) per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units/awards and warrants outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive, and therefore for those periods basic and dilutive earnings per share are the same.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands, except per share amounts):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Numerator:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Net income (loss)</td> <td style="width: 2%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(675</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="width: 2%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">85</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Denominator:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Weighted average shares used to compute net income (loss) per share</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Basic</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">14,844</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">12,792</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 8pt; line-height: 10pt">Effective of dilutive options and warrants</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">996</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Diluted</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">14,844</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">13,788</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Net income (loss) per share</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Basic</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(0.05</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">0.01</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Diluted</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(0.05</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">0.01</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">The following potentially dilutive securities were excluded from the computation of diluted net income (loss) per share as their effect would have been anti-dilutive (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Employee stock options</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">412</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Restricted stock units/awards</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">4</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">416</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt"></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Inventories consist of the following for the periods indicated (in thousands):&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0in 0in 0.5in; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">Raw materials</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">16,615</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">16,243</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">Work in process</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">20,964</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">13,379</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">Finished goods</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">5,986</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">4,158</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">43,565</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt; padding-left: 0.25in; padding-right: 0in">33,780</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">The lower of cost or market adjustment expensed for inventory for the three months ended March 31, 2015 and 2014 was $0.6&#160;million and $0.3 million, respectively.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Property, plant and equipment consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Land improvements</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">103</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">103</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Building and improvements</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">25,056</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">16,196</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Machinery and equipment</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">65,384</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">61,529</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Furniture and fixtures</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,974</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,938</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Computer equipment and software</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5,372</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4,712</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Transportation equipment</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">272</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">270</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">98,161</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">84,748</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Less accumulated depreciation and amortization</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(35,519</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(32,412</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">62,642</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">52,336</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Construction in progress</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5,769</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">11,371</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Land</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,101</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,101</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Property, plant and equipment, net</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">69,512</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">64,808</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">For the three months ended March 31, 2015 and 2014, depreciation expense of property, plant and equipment was $1.9 million and $1.2 million, respectively.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt"></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 71%; text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a U.S. bank up to $15,000 with interest at LIBOR plus 2.75%,&#160;&#160;maturing July 15, 2017</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">15,000</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">15,000</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2.75%, maturing July 31, 2019</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4,906</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5,000</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $3,000 with interest based on the bank&#146;s corporate interest rate index+ 1.5%, or 2.40% maturing on November 15, 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">2,769</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $4,000 with interest at LIBOR plus 1.2% maturing on February 6, 2016</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,642</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,605</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $3,000 with interest at LIBOR plus 1.7% maturing on February 6, 2016</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">2,351</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $4,000 with interest at Taiwan Time Deposit Interest Rate Index plus 0.41% or LIBOR plus 1.28% maturing on November 27, 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,572</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,536</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Note payable to a finance company due in monthly installments with 4.95% interest, maturing July 30, 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">255</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">443</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a China bank up to $3,200 with interest ranged from 0.76% to 1.66%, which mature in April and May 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">2,557</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,064</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a China bank up to $7,200 with interest at 108% of China Prime rate, or 5.79%, maturing March 17, 2016</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">2,442</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Total</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">37,494</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">28,648</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Less current portion</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(18,721</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(9,591</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Long term portion</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">18,773</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">19,057</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Bank Acceptance Notes Payable</b></td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Bank acceptance notes issued to vendors with a zero percent interest rate, a 30% guarantee deposit of&#160;$434, and maturity dates ranging from April 2015 to September 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The current portion of long-term debt is the amount payable within one year of the balance sheet date of March 31, 2015. The one-month LIBOR rate was 0.15% on March 31, 2015.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Maturities of notes payable and long-term debt are as follows for the future one-year periods ending March 31 (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2016</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">18,721</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2017</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">16,132</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2018</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,132</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2019 thereafter</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,509</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">Total outstanding</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">37,494</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 56%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 32%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The loan and security agreement in the U.S. with East West Bank included a $15.0&#160;million revolving line of credit which matures on July 15, 2017. Also included with the same bank is a term loan of up to $5.0 million with monthly payments of principal and interest that matures on July 31, 2019. The interest rate on these loans is the LIBOR Borrowing Rate plus 2.75%. As of March 31, 2015, $15.0 million was outstanding under the revolving line of credit and $4.9 million was outstanding under the term loan.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On January 26, 2015, the Company entered into a construction loan agreement with East West Bank for up to $22.0 million dollars to finance the construction of its campus expansion plan in Sugar Land, Texas. The loan will have a fifteen month draw down period with monthly interest payments commencing on February 26, 2015 and ending April 26, 2016. Thereafter, the entire outstanding principal balance shall be converted to a sixty-nine month term loan with principal and interest payments due monthly amortized over three hundred months. The first principal and interest payment is due on May 26, 2016 and will continue the same day of each month thereafter. The final principal and interest payment is due on January 26, 2022 and will include all unpaid principal and all accrued and unpaid interest. The Company may pay without penalty all or a portion of the amount owed earlier than due. Under the loan agreement, the loan bears interest, at an annual rate based on the one-month LIBOR Borrowing Rate plus 2.75%. As of March 31, there were no amounts outstanding under this loan agreement.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The loan and security agreements with East West Bank require the Company to maintain certain financial covenants, including a minimum current ratio and minimum annual EBITDA. As of March 31, 2015, the Company was in compliance with all covenants contained in these agreements.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On January 6, 2015, the Company&#146;s Taiwan location entered into a Credit Facility with CTBC Bank Co. Ltd. in Taipei, Taiwan for 90 million New Taiwan dollar ($3.0 million USD), one year revolving credit facility. Its obligations under the Credit Facility are unsecured. Borrowings under the Credit Facility will bear interest at a rate based on the Bank&#146;s corporate interest rate index plus 1.5%, adjusted monthly. As of the execution of the Credit Facility the Bank&#146;s corporate interest rate swap index is 0.91%. As of March 31, 2015, $2.8 million was outstanding under this credit facility.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On March 9, 2015, the Company&#146;s Taiwan location renewed its $4.0 million, one year revolving credit facility agreement, originally dated December 31, 2013, with E. Sun Commercial Bank. Its obligations under the credit facility are secured by our $4.0 million cash deposit in a one-year CD with such bank and mature on February 6, 2016. The revolving line of credit bears interest at a rate equal to 1.78% for New Taiwan dollar borrowings and LIBOR plus 2.0% and a 0.10% service fee for U.S. dollar borrowings. As of March 31, 2015, $3.6 million was outstanding under this credit facility.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On March 9, 2015, the Company&#146;s Taiwan location entered into an additional credit facility agreement with E. Sun Commercial Bank for a $3.0 million, one year revolving, unsecured credit facility, maturing on February 6, 2016. Borrowings under this credit facility will bear interest at a rate not less than the LIBOR borrowing rate plus 1.7%, divided by 0.946, and will also incur a 0.5% service fee. As of March 31, 2015, there are $2.4 million outstanding under this credit facility.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On March 25, 2015, the Company&#146;s Taiwan location renewed its $4.0 million, one year revolving credit facility agreement, originally dated December 31, 2013, with Mega International Commercial Bank. Obligations under the credit facility are secured by a $4.0 million cash deposit in a one-year CD with such bank and mature on November 27, 2015. Borrowings under this credit facility will bear interest at a rate not less than the LIBOR borrowing rate plus 1.0%, divided by 0.946 for U.S. dollar borrowings, New Taiwan dollar borrowings interest will bear at a rate equal to the Bank&#146;s base lending rate plus 0.76% and all other currency borrowings interest will bear at a rate equal to the Bank&#146;s base lending rate plus 1.0% divided by 0.946. The current Bank base lending rate is 2.875%. As of March 31, 2015, $3.6 million was outstanding under this credit facility.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The Company&#146;s Taiwan location had an outstanding note payable balance of $0.3 million with a financing company that matures on July 31, 2015.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">As of March 31, 2015, the Company&#146;s China subsidiary had credit facilities with China Construction Bank totaling $10.4 million, one line is U.S. currency based and the other is RMB currency based. As of March 31, 2015, the Company had a U.S. currency based loan of $2.6 million outstanding under various notes with three-month terms, maturing from April 2015 to May 2015. There was $2.4 million outstanding under the RMB currency based credit facility as of March 31, 2015, with a maturity date of March 17, 2016.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">As of March 31, 2015, the Company had $32.1 million of unused borrowing capacity.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Accrued liabilities consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Accrued payroll</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">3,160</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">3,662</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued employee benefits</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">415</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">808</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued income taxes</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">52</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued state and local taxes</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">150</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">330</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Advance payments</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">761</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">528</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued product warranty</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">230</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">247</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Accrued other</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,602</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,313</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">6,318</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">6,940</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt"></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Other income and expense consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Unrealized foreign exchange gain (loss)</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">43</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">(185</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Realized foreign exchange gain (loss)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">319</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">66</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Government subsidy income</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">199</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">80</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Other non-operating gain (loss)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">141</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">11</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Gain (loss) on disposal of assets</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(10</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">692</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">(27</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt"></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt"><i>Equity Plans</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><i>&#160;</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The Company&#146;s board of directors and stockholders approved the following equity plans:</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 24px; font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">&#183;</td> <td style="font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">the 1998 Share Incentive Plan</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 24px; font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">&#183;</td> <td style="font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">the 2000 Share Incentive Plan</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 24px; font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">&#183;</td> <td style="font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">the 2004 Share Incentive Plan</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 24px; font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">&#183;</td> <td style="font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">the 2006 Share Incentive Plan</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 24px; font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">&#183;</td> <td style="font: 8pt/10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt">the 2013 Equity Incentive Plan (&#147;2013 Plan&#148;)</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The Company issues stock options to employees, consultants and non-employee directors. Stock option awards generally vest over a four year period and have a maximum term of ten years. Stock options under these plans have been granted with an exercise price equal to the fair market value on the date of the grant. Nonqualified and Incentive Stock Options, restrictive stock awards (&#147;RSAs&#148;) and restrictive stock units (&#147;RSUs&#148;) may be granted from these plans. Prior to the Company&#146;s initial public offering, the fair market value of the Company&#146;s stock had been historically determined by the board of directors and from time to time with the assistance of third party valuation specialists.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt"><i>Stock Options</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><i>&#160;</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Options have been granted to the Company&#146;s employees under the five incentive plans and generally become exercisable as to 25% of the shares on the first anniversary date following the date of grant and semi-annually thereafter. All options expire ten years after the date of grant.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0pt">The following is a summary of option activity:</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Number of shares</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Exercise Price</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Fair Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Remaining Contractual Life</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Aggregate Intrinsic Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 35%; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding, December 31, 2014</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">1,423</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">8.96</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">4.48</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">3,486</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Exercised</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(11</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.05</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3.59</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">50</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Forfeited</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(16</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">9.93</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5.32</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">22</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding, March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">1,396</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.96</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4.47</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.852</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">6,869</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Exercisable, March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">687</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.20</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3.69</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.357</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,905</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Vested and expected to vest</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">1,326</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.91</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4.43</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.823</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">6,592</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">As of March 31, 2015, there was approximately $3.2 million of unrecognized stock option expense, net of estimated forfeitures, which is expected to be recognized over 2.37 years.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt"><i>Restricted Stock Units/Awards</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><i>&#160;</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0pt">The following is a summary of RSU/RSA activity:</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Number of shares</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Fair Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Aggregate Intrinsic Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 40%; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding at December 31, 2014</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">21</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">18.22</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">238</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Granted</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">123</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.94</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,105</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Exercised/Released</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3.59</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">16</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Cancelled/Forfeited</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(2</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.94</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding at March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">143</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10.31</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,992</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Exercisable, March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">17</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">18.20</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">231</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Vested and expected to vest</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">137</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10.35</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,908</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">As of March 31, 2015 was $1.0 million of unrecognized compensation expense related to these RSU&#146;s and RSA&#146;s. This expense is expected to be recognized over 3.81 years.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt"><i>Share-Based Compensation</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Employee share-based compensation expenses recognized for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Share-Based compensation - by expense type</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">Cost of sales</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">16</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">25</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Research and development</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">53</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">25</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Sales and marketing</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">50</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">23</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">General and administrative</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">397</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">416</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">516</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">489</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Share-Based compensation - by award type</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">Employee stock options</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">385</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">414</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Restricted stock units/awards</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">131</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">73</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">Warrants</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">2</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">516</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">489</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt"></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Common Stock</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; word-spacing: 0px; text-align: justify; text-indent: -36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The Company has authorized the issuance of up to 45,000,000&#160;shares of common stock, all of which have been designated voting common stock, under its Amended and Restated Certificate of Incorporation.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify"><i>Convertible Preferred Stock</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; word-spacing: 0px; text-align: justify; text-indent: -36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The Company has authorized the issuance of up to 5,000,000&#160;shares of preferred stock under the Company&#146;s Amended and Restated Certificate of Incorporation.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify"><i>Warrants</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; word-spacing: 0px; text-align: justify; text-indent: -36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">As of March 31, 2015 and December 31, 2014, the Company had no outstanding warrants to purchase common or preferred stock, but approximately 30,000 outstanding as of March 31, 2014.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify"><i>Public Offerings of Common Stock</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">On September 25, 2013, our registration statement on Form S-1 for our initial public offering was declared effective by the Securities and Exchange Commission. The offering commenced on September 26, and the Company sold 3.6&#160;million shares of its common stock in its initial public offering at a price of $10.00 per share, providing proceeds of $31.5 million, net of expenses and underwriting discounts and commissions. The Company&#146;s initial public offering closed on October 1, 2013.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">On March 19, 2014, the Company sold 2.0&#160;million shares of its common stock in a secondary offering at a price of $24.25 per share, providing proceeds of $45.7 million, net of expenses and underwriting discounts and commissions. The Company&#146;s sale of 1.6 million shares in the secondary offering closed on March 25, 2014 and the Company&#146;s sale of an additional 0.4 million shares as a result of the underwriters&#146; exercise of their option to purchase additional shares closed on March 28, 2014.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The Company operates in one reportable segment. The Company&#146;s Chief Executive Officer, who is considered to be the chief operating decision maker, manages the Company&#146;s operations as a whole and reviews financial information presented on a consolidated basis, accompanied by information about product revenue, for purposes of evaluating financial performance and allocating resources.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The following tables set forth the Company&#146;s revenue and asset information by geographic region. Revenue is classified based on the location of where the product is manufactured. Long-lived assets in the tables below comprise only property, plant, equipment and intangible assets (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revenues:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">United States</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">7,294</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">5,137</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Taiwan</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">18,341</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">14,340</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">China</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">4,599</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">5,382</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">30,234</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">24,859</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>As of the period ended</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Long-lived assets:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">United States</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">19,074</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">15,875</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Taiwan</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">37,411</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">35,688</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">China</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">17,775</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">18,008</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">74,260</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">69,571</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt"></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On April 1, 2015, the Company&#146;s Taiwan location entered into a comprehensive credit line agreement with the Taipei branch of China Construction Bank, providing a revolving credit line of $10 million, maturing on April 1, 2016. Borrowings under the credit line agreement are secured by a standby letter of credit issued by the China branch of the bank under existing agreements between the bank and our China subsidiary. Borrowings under the credit line agreement reduce the amounts available under the existing credit line between the bank and its China subsidiary and cannot exceed 97% of the amount of the standby letter of credit issued by the China branch of the bank. Borrowings under the credit line agreement will bear interest at a rate not less than LIBOR plus 1.5% for U.S. dollar borrowings and at a rate of not less than Taiwan Interbank Offered Rate plus 0.9% for New Taiwan dollar borrowings.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Business Overview</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">Applied Optoelectronics, Inc., or AOI, was originally incorporated in Texas in February of 1997 and then converted to a Delaware corporation in March of 2013. AOI together with its wholly-owned subsidiaries are collectively referred to as the Company. The Company is a leading, vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: cable television, fiber-to-the-home and internet data centers. The Company designs and manufactures a wide range of optical communications products at varying levels of integration, from components, subassemblies and modules to complete turn-key equipment.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The Company has manufacturing and research and development facilities in all three of its locations, located in the U.S., Taiwan and China. At its corporate headquarters and manufacturing facilities in Sugar Land, Texas, the Company primarily manufactures lasers and laser components and performs research and development activities for laser component products. The Company operates a division in Taipei, Taiwan that primarily manufactures transceivers for both the data center and fiber-to-the-home (&#147;FTTH&#148;) markets and performs research and development activities for the transceiver products. The Company operates in Ningbo, China through its wholly-owned subsidiary Prime World International Holdings, Ltd. (incorporated in the British Virgin Islands), the sole parent of Global Technology, Inc. (incorporated in the People&#146;s Republic of China). Through Global Technology, the Company primarily manufactures Cable TV Broadband (&#147;CATV&#148;) systems and equipment and performs research and development activities for the CATV products.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Interim Financial Statements</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The condensed consolidated financial statements of the Company, as of March 31, 2015 and December 31, 2014 and for the three months ended March 31, 2015 and March 31, 2014, have been prepared in accordance with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (&#147;SEC&#148;). In accordance with those rules and regulations, the Company has omitted certain information and notes normally provided in the Company&#146;s annual consolidated financial statements. In the opinion of management, the condensed consolidated financial statements contain all adjustments, except as otherwise noted, necessary for the fair presentation of the Company&#146;s financial position and results of operations for the periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. generally accepted accounting principles (&#147;GAAP&#148;). These condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company&#146;s Annual Report on Form 10-K (&#147;Annual Report&#148;) for the fiscal year ended December 31, 2014. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results expected for the entire fiscal year. All significant intercompany accounts and transactions have been eliminated.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Use of Estimates</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates in the consolidated financial statements and accompanying notes. Significant estimates and assumptions that impact these financial statements and the accompanying notes relate to, among other things, allowance for doubtful accounts, valuation allowances for deferred tax assets, inventory reserve, share-based compensation expense, estimated useful lives of property and equipment, and taxes.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -36pt"><i>Recent accounting pronouncements</i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; word-spacing: 0px; text-align: justify; text-indent: -36pt">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: justify; text-indent: 36pt">In May 2014, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#34;ASU&#34;) No. 2014-09,&#160;<i>Revenue from Contracts with Customers&#160;</i>(&#147;ASU 2014-09&#148;). The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016. Early adoption is not permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. The Company is in the process of evaluating the impact of adoption on its consolidated financial statements.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The following table presents a summary of the Company&#146;s financial instruments measured at fair value on a recurring basis for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="14" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>As of March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="14" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>As of December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 1)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 2)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 3)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Total</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 1)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 2)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>(Level 3)</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Total</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 12%; text-align: left; text-indent: 0pt; line-height: 10pt">Assets:</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 6%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 6%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 6%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Cash and cash equivalents</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">9,909</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">9,909</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">32,175</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">32,175</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Restricted cash</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10,041</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10,041</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">509</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">509</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Short term investments</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,190</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,190</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,189</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8,189</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Notes receivable</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">651</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">651</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">980</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">980</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total assets</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">28,140</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">651</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">28,791</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">40,873</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">980</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">41,853</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Liabilities:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Bank acceptance payable</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total liabilities</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands, except per share amounts):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Numerator:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Net income (loss)</td> <td style="width: 2%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(675</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="width: 2%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">85</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Denominator:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Weighted average shares used to compute net income (loss) per share</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Basic</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">14,844</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">12,792</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 8pt; line-height: 10pt">Effective of dilutive options and warrants</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">996</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Diluted</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">14,844</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">13,788</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Net income (loss) per share</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Basic</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(0.05</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">0.01</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 8pt; line-height: 10pt">Diluted</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(0.05</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">0.01</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in">The following potentially dilutive securities were excluded from the computation of diluted net income (loss) per share as their effect would have been anti-dilutive (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Employee stock options</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">412</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Restricted stock units/awards</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">4</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">416</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in">Inventories consist of the following for the periods indicated (in thousands):&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0.125in; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0.125in; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0.125in; line-height: 10pt">Raw materials</td> <td style="width: 2%; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0.125in; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0.125in; line-height: 10pt">16,615</td> <td style="width: 1%; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0.125in; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0.125in; line-height: 10pt">16,243</td> <td style="width: 1%; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">Work in process</td> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0.125in; line-height: 10pt">20,964</td> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0.125in; line-height: 10pt">13,379</td> <td style="text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">Finished goods</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0.125in; line-height: 10pt">5,986</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0.125in; line-height: 10pt">4,158</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0.125in; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0.125in; line-height: 10pt">43,565</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0.125in; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0.125in; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0.125in; line-height: 10pt">33,780</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Property, plant and equipment consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Land improvements</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">103</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">103</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Building and improvements</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">25,056</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">16,196</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Machinery and equipment</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">65,384</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">61,529</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Furniture and fixtures</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,974</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,938</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Computer equipment and software</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5,372</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4,712</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Transportation equipment</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">272</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">270</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">98,161</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">84,748</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Less accumulated depreciation and amortization</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(35,519</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(32,412</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">62,642</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">52,336</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Construction in progress</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5,769</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">11,371</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Land</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,101</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,101</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Property, plant and equipment, net</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">69,512</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">64,808</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 71%; text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a U.S. bank up to $15,000 with interest at LIBOR plus 2.75%,&#160;&#160;maturing July 15, 2017</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 3%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">15,000</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">15,000</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2.75%, maturing July 31, 2019</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4,906</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5,000</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $3,000 with interest based on the bank&#146;s corporate interest rate index+ 1.5%, or 2.40% maturing on November 15, 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">2,769</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $4,000 with interest at LIBOR plus 1.2% maturing on February 6, 2016</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,642</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,605</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $3,000 with interest at LIBOR plus 1.7% maturing on February 6, 2016</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">2,351</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a Taiwan bank up to $4,000 with interest at Taiwan Time Deposit Interest Rate Index plus 0.41% or LIBOR plus 1.28% maturing on November 27, 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,572</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,536</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Note payable to a finance company due in monthly installments with 4.95% interest, maturing July 30, 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">255</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">443</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a China bank up to $3,200 with interest ranged from 0.76% to 1.66%, which mature in April and May 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">2,557</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,064</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Revolving line of credit with a China bank up to $7,200 with interest at 108% of China Prime rate, or 5.79%, maturing March 17, 2016</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">2,442</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Total</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">37,494</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">28,648</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Less current portion</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(18,721</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(9,591</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Long term portion</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">18,773</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">19,057</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Bank Acceptance Notes Payable</b></td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Bank acceptance notes issued to vendors with a zero percent interest rate, a 30% guarantee deposit of&#160;$434, and maturity dates ranging from April 2015 to September 2015</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,445</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,271</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Accrued liabilities consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Accrued payroll</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">3,160</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">3,662</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued employee benefits</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">415</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">808</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued income taxes</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">52</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued state and local taxes</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">150</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">330</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Advance payments</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">761</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">528</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Accrued product warranty</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">230</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">247</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Accrued other</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">1,602</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,313</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">6,318</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">6,940</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Other income and expense consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 60%; text-align: left; text-indent: 0pt; line-height: 10pt">Unrealized foreign exchange gain (loss)</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">43</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">(185</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Realized foreign exchange gain (loss)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">319</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">66</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Government subsidy income</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">199</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">80</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Other non-operating gain (loss)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">141</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">11</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Gain (loss) on disposal of assets</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(10</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">692</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">(27</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Employee share-based compensation expenses recognized for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Share-Based compensation - by expense type</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">Cost of sales</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">16</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">25</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Research and development</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">53</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">25</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Sales and marketing</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">50</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">23</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">General and administrative</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">397</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">416</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">516</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">489</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Share-Based compensation - by award type</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">Employee stock options</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">385</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">414</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Restricted stock units/awards</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">131</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">73</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">Warrants</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">2</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">516</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">489</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0pt">The following is a summary of option activity:</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Number of shares</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Exercise Price</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Fair Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Remaining Contractual Life</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Aggregate Intrinsic Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 35%; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding, December 31, 2014</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">1,423</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">8.96</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">4.48</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 10%; text-align: right; text-indent: 0pt; line-height: 10pt">3,486</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Exercised</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(11</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.05</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3.59</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">50</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Forfeited</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">(16</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">9.93</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">5.32</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">22</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding, March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">1,396</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.96</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4.47</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.852</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">6,869</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Exercisable, March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">687</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.20</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3.69</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.357</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3,905</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Vested and expected to vest</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">1,326</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.91</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">4.43</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">7.823</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">6,592</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0pt">The following is a summary of RSU/RSA activity:</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Number of shares</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Weighted Average Fair Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Aggregate Intrinsic Value</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 40%; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding at December 31, 2014</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">21</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">18.22</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">238</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Granted</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">123</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.94</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,105</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Exercised/Released</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">3.59</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">16</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Cancelled/Forfeited</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">(2</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">8.94</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#150;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Outstanding at March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">143</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10.31</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,992</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Exercisable, March 31, 2015</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">17</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">18.20</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">231</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Vested and expected to vest</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">137</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">10.35</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,908</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Long-lived assets in the tables below comprise only property, plant, equipment and intangible assets (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Three months ended March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Revenues:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">United States</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">7,294</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">5,137</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Taiwan</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">18,341</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">14,340</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">China</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">4,599</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">5,382</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">30,234</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">24,859</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>As of the period ended</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31,</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">Long-lived assets:</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 60%; text-align: left; text-indent: 16pt; line-height: 10pt">United States</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">19,074</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 16%; text-align: right; text-indent: 0pt; line-height: 10pt">15,875</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: left; text-indent: 16pt; line-height: 10pt">Taiwan</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">37,411</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">35,688</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 16pt; line-height: 10pt">China</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">17,775</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">18,008</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">74,260</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">69,571</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Intangible assets consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Gross Amount</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Accumulated amortization</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Intangible assets, net</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 46%; text-align: left; text-indent: 0pt; line-height: 10pt">Patents</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">5,062</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;&#160;&#160;&#160;&#160;(1,239</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">3,823</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Trademarks</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">14</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(9</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">5</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total intangible assets</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">5,076</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">(1,248</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">3,828</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Gross Amount</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Accumulated amortization</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Intangible assets, net</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 44%; text-align: left; text-indent: 0pt; line-height: 10pt">Patents</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 13%; text-align: right; text-indent: 0pt; line-height: 10pt">4,968</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 17%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;&#160;&#160;&#160;&#160;(1,141</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">3,827</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Trademarks</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">14</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(8</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">6</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total intangible assets</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">4,982</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">(1,149</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">3,833</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">For the three months ended March 31, 2015 and 2014, amortization expense for intangible assets, included in general and administrative expenses on the income statement, was $100,000 and $69,000, respectively. The remaining weighted average amortization period for intangible assets is approximately 10&#160;years.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">In 2014 the Company acquired an intangible asset from an unrelated company in the form of a license to various patents related to transceiver product technology. The weighted-average amortization period for the license is 10 years.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p> 0 1445000 0 0 1271000 0 1445000 1271000 1445000 1271000 0 1445000 0 0 1271000 0 1445000 1271000 28140000 651000 0 40873000 980000 0 28791000 41853000 8190000 0 0 8189000 0 0 8190000 8189000 9909000 0 0 32175000 0 0 9909000 32175000 43565000 33780000 5986000 4158000 20964000 13379000 16615000 16243000 69512000 64808000 1101000 1101000 5769000 11371000 62642000 52336000 35519000 32412000 98161000 84748000 103000 103000 25056000 16196000 65384000 61529000 1974000 1938000 5372000 4712000 272000 270000 1900000 1200000 5076000 4982000 14000 4968000 5062000 14000 1248000 1149000 8000 1141000 1239000 9000 3828000 3833000 6000 3827000 3823000 5000 100000000 69000000 37494000 300000 2600000 18721000 16132000 1132000 6318000 6940000 1602000 1313000 230000 247000 761000 528000 150000 330000 0 52000 415000 808000 3160000 3662000 -10000 1000 141000 11000 199000 80000 319000 66000 43000 -185000 1396000 1423000 11000 16000 687000 0 1326000 137000 8.96 8.96 7.05 9.93 8.91 8.20 4.47 4.48 5.32 3.59 4.43 10.35 3.69 18.20 6869000 3486000 238000 1992000 50000 22000 3905000 231000 6592000 1908000 P7Y10M7D P7Y4M9D P7Y9M27D 3200000 1000000 30234000 24859000 7294000 18341000 5137000 14340000 4599000 5382000 74260000 69571000 19074000 15875000 37411000 35688000 17775000 18008000 21000 143000 123000 -1000 2000 18.22 10.31 8.94 3.59 8.94 1105000 16000 0 37494000 26108000 4906000 5000000 15000000 15000000 3642000 3605000 2351000 0 3572000 3536000 2557000 1064000 2769000 0 255000 443000 0 2442000 1271000 1445000 692000 -27000 125000 162000 641000 -110000 <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Intangible assets consisted of the following for the periods indicated (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>March 31, 2015</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Gross Amount</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Accumulated amortization</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Intangible assets, net</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 46%; text-align: left; text-indent: 0pt; line-height: 10pt">Patents</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">5,062</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;&#160;&#160;&#160;&#160;(1,239</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">3,823</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Trademarks</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">14</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(9</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">5</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total intangible assets</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">5,076</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">(1,248</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">3,828</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> </table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&#160;</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>December 31, 2014</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Gross Amount</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Accumulated amortization</b></td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: center; text-indent: 0pt; line-height: 10pt">&#160;</td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; text-indent: 0pt; line-height: 10pt"><b>Intangible assets, net</b></td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 44%; text-align: left; text-indent: 0pt; line-height: 10pt">Patents</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 13%; text-align: right; text-indent: 0pt; line-height: 10pt">4,968</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 17%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;&#160;&#160;&#160;&#160;(1,141</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="width: 14%; text-align: right; text-indent: 0pt; line-height: 10pt">3,827</td> <td style="width: 1%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">Trademarks</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">14</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: right; text-indent: 0pt; line-height: 10pt">(8</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">6</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">Total intangible assets</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">4,982</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; padding-bottom: 2.5pt; text-align: right; text-indent: 0pt; line-height: 10pt">(1,149</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">)</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">3,833</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Maturities of notes payable and long-term debt are as follows for the future one-year periods ending March 31 (in thousands):</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2016</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">18,721</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2017</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">16,132</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2018</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="text-align: right; text-indent: 0pt; line-height: 10pt">1,132</td> <td style="text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">2019 thereafter</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; text-indent: 0pt; line-height: 10pt">1,509</td> <td style="padding-bottom: 1pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td colspan="2" style="text-align: left; text-indent: 0pt; line-height: 10pt">Total outstanding</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: left; text-indent: 0pt; line-height: 10pt">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; text-indent: 0pt; line-height: 10pt">37,494</td> <td style="padding-bottom: 2.5pt; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 56%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 4%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 32%; text-align: right; text-indent: 0pt; line-height: 10pt">&#160;</td> <td style="width: 2%; text-align: left; text-indent: 0pt; line-height: 10pt">&#160;</td></tr></table> 10041000 0 0 509000 0 0 10041000 509000 P10Y 15000000 5000000 22000000 3000000 4000000 3000000 4000000 10400000 15000000 4900000 0 2800000 3600000 2400000 3600000 2400000 32100000 30000 660000