|
Share-based compensation (Tables)
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6 Months Ended |
|
Dec. 28, 2012
|
| Effect of Recording Share-Based Compensation Expense |
The effect of recording
share-based compensation expense for the three and six months ended
December 28, 2012 and December 30, 2011 was as
follows:
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Three Months
Ended |
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Six Months
Ended |
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December 28,
2012 |
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December 30,
2011 |
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December 28,
2012 |
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December 30,
2011 |
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Share-based compensation
expense by type of award:
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Share options
|
|
$ |
497 |
|
|
$ |
1,200 |
|
|
$ |
1,140 |
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|
$ |
2,070 |
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|
Restricted share
units
|
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|
881 |
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|
403 |
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|
1,492 |
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|
521 |
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|
|
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Total share-based
compensation expense
|
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|
1,378 |
|
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|
1,603 |
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|
2,632 |
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|
2,591 |
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Tax effect on share-based
compensation expense
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— |
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— |
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— |
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— |
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Net effect on share-based
compensation expense
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$ |
1,378 |
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$ |
1,603 |
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$ |
2,632 |
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$ |
2,591 |
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| Restricted Share Unit Activity |
The following summarizes
restricted share unit activity under the 2010 Plan:
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Number of Shares
Underlying
Restricted Share Units |
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Weighted-Average Grant Date
Fair Value Per Share |
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Six Months
Ended |
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Six Months
Ended |
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|
December 28,
2012 |
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December 30,
2011 |
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December 28,
2012 |
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December 30,
2011 |
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Unvested balance at
beginning of the period
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168,275 |
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|
25,900 |
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$ |
14.44 |
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$ |
21.62 |
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Granted
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|
446,884 |
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|
198,247 |
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|
12.35 |
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|
14.05 |
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Issued
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(30,100 |
) |
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(25,900 |
) |
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14.12 |
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|
21.62 |
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Forfeited
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(3,004 |
) |
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— |
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13.12 |
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— |
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Unvested balance at end of
the period
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582,055 |
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198,247 |
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$ |
12.86 |
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$ |
14.05 |
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Stock Plan 1999
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| Share Option Activity |
The following summarizes
share option activity under the 1999 Plan:
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Number of Shares
Underlying
Options |
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|
Weighted-Average
Exercise
Price Per Share |
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| |
|
Six Months
Ended |
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|
Six Months
Ended |
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|
December 28,
2012 |
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December 30,
2011 |
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December 28,
2012 |
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December 30,
2011 |
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Shares underlying options
outstanding at beginning of the period
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189,540 |
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423,205 |
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$ |
5.18 |
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$ |
4.34 |
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Granted
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— |
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— |
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— |
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— |
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Exercised
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(36,137 |
) |
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(188,773 |
) |
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4.64 |
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3.39 |
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Forfeited
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— |
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(4,593 |
) |
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— |
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6.01 |
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Expired
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— |
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(1,100 |
) |
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— |
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5.75 |
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Shares underlying options
outstanding at end of the period
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153,403 |
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|
228,739 |
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$ |
5.31 |
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$ |
5.09 |
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Shares underlying options
exercisable at end of the period
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119,244 |
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|
140,939 |
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$ |
5.18 |
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$ |
4.69 |
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| Information for Share Options Outstanding |
The following summarizes
information for share options outstanding as of December 28,
2012 under the 1999 Plan:
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Number of
Shares
Underlying
Options |
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Exercise Price
Per Share |
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Weighted Average
Remaining
Contractual Life
(years) |
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Aggregate
Intrinsic Value |
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|
525 |
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$ |
2.25 |
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0.17 |
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1,900 |
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2.75 |
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0.67 |
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1,600 |
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3.00 |
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0.69 |
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16,421 |
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3.50 |
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1.01 |
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2,405 |
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4.25 |
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1.67 |
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4,545 |
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4.75 |
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1.92 |
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10,074 |
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5.00 |
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2.13 |
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3,930 |
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5.25 |
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2.36 |
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8,350 |
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5.50 |
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2.66 |
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100,353 |
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5.75 |
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3.81 |
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3,300 |
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6.25 |
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4.35 |
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Options
outstanding
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153,403 |
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3.14 |
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$ |
1,175 |
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Options
exercisable
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119,244 |
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2.91 |
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$ |
929 |
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|
Stock Option Plan 2010
|
|
| Share Option Activity |
The following summarizes
share option activity under the 2010 Plan:
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Number of Shares
Underlying
Options |
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|
Weighted-Average
Exercise
Price Per Share |
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|
Six Months
Ended |
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|
Six Months
Ended |
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December 28,
2012 |
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|
December 30,
2011 |
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December 28,
2012 |
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December 30,
2011 |
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Shares underlying options
outstanding at beginning of the period
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1,280,750 |
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|
925,921 |
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$ |
16.32 |
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$ |
17.37 |
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Granted
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|
— |
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548,127 |
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— |
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|
14.54 |
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Exercised
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— |
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— |
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— |
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— |
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Forfeited
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|
(19,135 |
) |
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(18,346 |
) |
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|
17.79 |
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|
16.29 |
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Expired
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(40,631 |
) |
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(1,137 |
) |
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16.84 |
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16.80 |
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Shares underlying options
outstanding at end of the period
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1,220,984 |
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1,454,565 |
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$ |
16.28 |
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$ |
16.32 |
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Shares underlying options
exercisable at end of the period
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|
528,347 |
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|
258,716 |
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$ |
16.48 |
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$ |
16.71 |
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|
| Information for Share Options Outstanding |
The following summarizes
information for share options outstanding as of December 28,
2012 under the 2010 Plan:
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| |
|
Number of
Shares
Underlying
Options |
|
|
Exercise
Price Per
Share |
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|
Weighted
Average
Remaining
Contractual Life
(years) |
|
|
Aggregate
Intrinsic
Value |
|
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|
40,000 |
|
|
$ |
13.77 |
|
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|
4.65 |
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|
614,228 |
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|
16.83 |
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|
4.79 |
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30,000 |
|
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|
15.05 |
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|
4.85 |
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|
30,744 |
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|
25.50 |
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|
5.05 |
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|
8,400 |
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|
26.16 |
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|
5.10 |
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|
12,800 |
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|
23.62 |
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|
5.35 |
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193,571 |
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|
15.16 |
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|
5.64 |
|
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|
251,231 |
|
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|
14.12 |
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|
5.87 |
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|
31,160 |
|
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|
19.36 |
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|
6.12 |
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|
5,550 |
|
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|
18.60 |
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|
6.17 |
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3,300 |
|
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|
12.83 |
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|
6.36 |
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|
Options
outstanding
|
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|
1,220,984 |
|
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|
|
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|
5.20 |
|
|
$ |
0 |
|
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Options
exercisable
|
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|
528,347 |
|
|
|
|
|
|
|
5.05 |
|
|
$ |
0 |
|
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