Summary of Significant Accounting Policies (Tables)
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Dec. 31, 2014
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Changes in Warranty Liability |
Changes in the Company’s warranty liability for the years ended December 31, 2014, 2013 and 2012 are as follows:
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Fair Value Remeasurement Based on Significant Inputs Not Observable, Level 3 Measurement |
The Company determines the fair value of contingent consideration based on a probability-weighted discounted cash flow analysis. The fair value remeasurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in the fair value hierarchy. In each period, the Company reassesses its current estimates of performance relative to the stated targets and adjusts the liability to fair value. Any such adjustments are included as a component of Selling, general and administrative expense in the Consolidated Statement of Operations.
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Summary of Changes in Allowance for Doubtful Accounts |
The following summarizes the changes in the allowance for doubtful accounts for the periods indicated.
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Estimated Useful Lives of Property and Equipment |
The estimated useful lives of property and equipment are as follows:
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Valuation Assumptions used in Computation of Stock Option Expense |
For the years ended December 31, 2014 and 2012, the Company computed expense for each group utilizing the following assumptions:
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