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Stock-Based Compensation (Tables) | 9 Months Ended
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Oct. 01, 2011
Stock-Based Compensation [Abstract] |
Summary of recognized stock-based compensation expense | The following table summarizes stock-based compensation expense recognized (in thousands):
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | October 1, 2011 |  |  | October 2, 2010 |  |  | October 1, 2011 |  |  | October 2, 2010 |
Stock options |  | $ | 14 |  |  | $ | 168 |  |  | $ | (111 | ) |  | $ | 522 |
Restricted stock units |  |  | 1,356 |  |  |  | 512 |  |  |  | 5,995 |  |  |  | 1,324 |
Phantom stock units |  |  | - |  |  |  | - |  |  |  | 222 |  |  |  | 175 |
Total |  | $ | 1,370 |  |  | $ | 680 |  |  | $ | 6,106 |  |  | $ | 2,021 |
Schedule of unrecognized compensation cost, nonvested awards | The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at October 1, 2011 (dollars in thousands, amortization periods in years):
|  | Unrecognized Compensation Cost |  |  | Weighted Average Remaining Amortization Periods |
Stock options |  | $ | 120 |  |  |  | 1.3 |
Restricted stock units |  |  | 5,162 |  |  |  | 1.7 |
Phantom stock units |  |  | - |  |  |  | 0.0 |
Total |  | $ | 5,282 |  |  |  |  |
Schedule of share based compensation, stock options, activity | Option activity under the stock option plans as of October 1, 2011 and changes during the nine fiscal months then ended are presented below (number of options in thousands, contractual life in years):
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |
Outstanding: |  |  |  |  |  |  |  |  |
January 1, 2011 |  |  | 1,254 |  |  | $ | 15.04 |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |
Exercised |  |  | (651 | ) |  |  | 14.87 |  |  |  |
Cancelled or forfeited |  |  | (219 | ) |  |  | 14.92 |  |  |  |
Outstanding at October 1, 2011 |  |  | 384 |  |  | $ | 15.40 |  |  |  | 2.07 |
Vested and expected to vest |  |  |  |  |  |  |  |  |  |  |  |
at October 1, 2011 |  |  | 384 |  |  | $ | 15.40 |  |  |  | 2.07 |
Exercisable at October 1, 2011 |  |  | 323 |  |  | $ | 15.33 |  |  |  | 1.99 |
Schedule of share-based compensation, restricted stock units award activity | RSU activity under the 2007 Program as of October 1, 2011 and changes during the nine fiscal months then ended are presented below (number of RSUs in thousands):
|  | Number of RSUs |  |  | Weighted Average grant date fair value per unit |
Outstanding: |  |  |  |  |  |
January 1, 2011 |  |  | 634 |  |  | $ | 9.61 |
Granted |  |  | 423 |  |  |  | 16.57 |
Vested* |  |  | (145 | ) |  |  | 11.20 |
Cancelled or forfeited |  |  | - |  |  |  | - |
Outstanding at October 1, 2011 |  |  | 912 |  |  | $ | 12.59 |
Expected to vest at October 1, 2011 |  |  | 912 |  |  |
Schedule of share-based compensation arrangement by share-based units, vested and expected to vest | The Company recognizes compensation cost for RSUs that are expected to vest. The Company expects all performance-based vesting criteria to be achieved. RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands):
|  | Vesting Date |  | Number of RSUs |
|  | January 1, 2013 |  | 324 |
|  | January 1, 2014 |  | 233 |
Phantom stock unit activity | Phantom stock units activity under the 2007 Program as of October 1, 2011 and changes during the nine fiscal months then ended are presented below (number of phantom stock units in thousands):
|  | Number of units |  |  | Grant date fair value per unit |
Outstanding: |  |  |  |  |  |
January 1, 2011 |  |  | 116 |  |  |  |
Granted |  |  | 15 |  |  | $ | 14.78 |
Redeemed for common stock |  |  | (44 | ) |  |  |  |
Outstanding at October 1, 2011 |  |  | 87 |  |  |

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- Definition Tabular disclosure of the number, aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both performance-based awards (or share units) outstanding and performance-based awards (or share units) fully vested and expected to vest at the date of the latest statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 718 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (e)(1) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 718 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (c)(1) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 718 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (c)(1) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the total compensation cost related to nonvested awards not yet recognized and the weighted-average period over which it is expected to be recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 718 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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