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79
Year Ended December 31,
2014 2013 2012
Cost of products revenues $ 397 $ 360 $ 410
Cost of services revenues 279 436 582
Research and development expenses 502 582 986
Marketing and selling expenses 3,658 1,778 3,754
General and administrative expenses 6,677 3,761 5,700
Total $ 11,513 $ 6,917 $ 11,432
At December 31, 2014, there was $11.0 million of total unrecognized compensation cost, before forfeitures, related to non-vested
stock-based compensation awards granted under the Company’s stock-based compensation plans. The Company expects this amount
to be amortized approximately as follows: $6.6 million in 2015, $3.5 million in 2016 and $0.9 million in 2017. At December 31,
2014, the weighted-average recognition period of the unrecognized compensation cost was approximately 1.1.
M. EMPLOYEE BENEFIT PLANS
Employee Benefit Plans
The Company has a Section 401(k) plan that covers substantially all U.S. employees. The 401(k) plan allows employees to make
contributions up to a specified percentage of their compensation. The Company may, upon resolution by the Company’s board of
directors, make discretionary contributions to the plan. The Company’s contributions to the plan totaled $2.2 million, $2.2 million
and $2.5 million in 2014, 2013 and 2012, respectively.
In addition, the Company has various retirement and post-employment plans covering certain international employees. Certain of the
plans allow the Company to match employee contributions up to a specified percentage as defined by the plans. The Company’s
contributions to these plans totaled $2.0 million, $1.2 million and $1.4 million in 2014, 2013 and 2012, respectively.
Deferred Compensation Plans
The Company maintains a nonqualified deferred compensation plan (the “Deferred Plan”). The Deferred Plan covers senior
management and members of the Board. Prior to 2014, the plan allowed participants to defer varying percentages or amounts of
eligible compensation. In November 2013, the Board determined to indefinitely suspend the plan and not offer participants the
opportunity to participate in the Deferred Plan as of 2014.
Payouts are generally made upon termination of employment with the Company. The benefits payable under the Deferred Plan
represent an unfunded and unsecured contractual obligation of the Company to pay the value of the deferred compensation in the
future, adjusted to reflect deemed investment performance. The assets of the deferred plan, as well as the corresponding obligations,
were approximately $1.2 million and $1.3 million at December 31, 2014 and 2013, respectively, and were recorded in “other current
assets” and “accrued compensation and benefits” at those dates.
In connection with the acquisition of a business in 2010, the Company assumed the assets and liabilities of a deferred compensation
arrangement for a single individual in Germany. The arrangement represents a contractual obligation of the Company to pay a fixed
euro amount for a period specified in the contract. At December 31, 2014 and 2013, the Company’s assets and liabilities related to the
arrangement consisted of assets recorded in “other long-term assets” of $0.6 million for each year, representing the value of related
insurance contracts, and liabilities recorded as “long-term liabilities” of $4.7 million at December 31, 2014 and $3.9 million at
December 31, 2013, respectively, representing the actuarial present value of the estimated benefits to be paid under the contract.