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Stock-Based Compensation | 3 Months Ended
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Mar. 29, 2013
Stock-Based Compensation [Abstract] |
STOCK-BASED COMPENSATION | 8. STOCK-BASED COMPENSATION
| The components and classification of stock-based compensation expense were as follows (in thousands):
|  | Three Months Ended |
|  | March 29, |  | March 30, |
|  |  | 2013 |  |  | 2012 |
| Stock options | $ | 705 |  | $ | 678 |
| Restricted stock and units |  | 1,463 |  |  | 1,509 |
| 401(k) stock contribution |  | 263 |  |  | - |
| Total stock-based compensation expense | $ | 2,431 |  | $ | 2,187 |
| Cost of sales | $ | 422 |  | $ | 263 |
| Selling, general and administrative expenses |  | 1,867 |  |  | 1,817 |
| Research, development and engineering costs, net |  | 142 |  |  | 107 |
| Total stock-based compensation expense | $ | 2,431 |  | $ | 2,187 |
| The weighted average fair value and assumptions used to value options granted are as follows:
|  | Three Months Ended
|  |  | March 29, |  |  | March 30,
|  |  | 2013 |  |  | 2012
| Weighted average fair value | $ | 8.38 |  | $ | 8.18
| Risk-free interest rate |  | 0.73% |  |  | 0.83%
| Expected volatility |  | 39% |  |  | 40%
| Expected life (in years) |  | 5 |  |  | 5
| Expected dividend yield |  | 0% |  |  | 0%
| The following table summarizes time-vested stock option activity:
|  |  |  |  |  | Number of Time-Vested Stock Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (In Years) |  |  | Aggregate Intrinsic Value (In Millions)
| Outstanding at | December 28, 2012 |  | 1,775,847 |  | $ | 23.17 |  |  |  |  |  |
|  | Granted |  | 372,676 |  |  | 23.33 |  |  |  |  |  |
|  | Exercised |  | (40,949) |  |  | 23.38 |  |  |  |  |  |
|  | Forfeited or expired |  | (26,264) |  |  | 24.39 |  |  |  |  |  |
| Outstanding at | March 29, 2013 |  | 2,081,310 |  | $ | 23.18 |  |  | 6.5 |  | $ | 14.4
| Exercisable at | March 29, 2013 |  | 1,447,974 |  | $ | 23.25 |  |  | 5.3 |  | $ | 10.0
| The following table summarizes performance-vested stock option activity:
|  |  |  |  |  | Number of Performance-Vested Stock Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (In Years) |  |  | Aggregate Intrinsic Value (In Millions)
| Outstanding at | December 28, 2012 |  | 284,925 |  | $ | 23.26 |  |  |  |  |  |
|  | Exercised |  | (9,934) |  |  | 22.89 |  |  |  |  |  |
| Outstanding at | March 29, 2013 |  | 274,991 |  | $ | 23.27 |  |  | 4.1 |  | $ | 1.8
| Exercisable at | March 29, 2013 |  | 274,991 |  | $ | 23.27 |  |  | 4.1 |  | $ | 1.8
| The following table summarizes time-vested restricted stock and unit activity:
|  |  |  |  |  | Time-Vested Awards |  |  | Weighted Average Fair Value
| Nonvested at | December 28, 2012 |  | 80,269 |  | $ | 23.48
|  | Granted |  | 46,299 |  |  | 23.42
|  | Vested |  | (18,528) |  |  | 21.97
|  | Forfeited |  | (587) |  |  | 22.90
| Nonvested at | March 29, 2013 |  | 107,453 |  | $ | 23.72
| The following table summarizes performance-vested restricted stock and unit activity:
|  |  |  |  |  | Performance-Vested Awards |  |  | Weighted Average Fair Value
| Nonvested at | December 28, 2012 |  | 782,446 |  | $ | 16.02
|  | Granted |  | 318,169 |  |  | 15.86
|  | Vested |  | (49,139) |  |  | 14.68
|  | Forfeited |  | (205,955) |  |  | 14.66
| Nonvested at | March 29, 2013 |  | 845,521 |  | $ | 16.37

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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