XML 53 R16.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Stock-Based Compensation | 9 Months Ended
--- | ---
Sep. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 10 — Stock-Based Compensation The cost that has been charged against income for stock-based compensation is set forth below (in thousands):
|  | Three Months Ended |  | Nine Months Ended |
|  | September 29, |  | September 30, |  | September 29, |  | September 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Employee stock options |  | $ | 443 |  | $ | 208 |  | $ | 1,204 |  | $ | 5,257 |
Restricted stock |  |  | 50 |  |  | 32 |  |  | 136 |  |  | 259 |
Restricted stock units |  |  | 314 |  |  | 146 |  |  | 845 |  |  | 2,569 |
Nonemployee stock options |  |  | — |  |  | — |  |  | — |  |  | 58 |
Total |  | $ | 807 |  | $ | 386 |  | $ | 2,185 |  | $ | 8,143 |
The Company recorded stock-based compensation costs in the following categories on the accompanying condensed consolidated statements of operations (in thousands):
|  | Three Months Ended |  | Nine Months Ended |
|  | September 29, |  | September 30, |  | September 29, |  | September 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Cost of sales |  | $ | 2 |  | $ | — |  | $ | 6 |  | $ | 560 |
General and administrative |  |  | 377 |  |  | 248 |  |  | 1,035 |  |  | 3,936 |
Marketing and selling |  |  | 214 |  |  | 72 |  |  | 558 |  |  | 1,544 |
Research and development |  |  | 214 |  |  | 66 |  |  | 586 |  |  | 2,103 |
Total stock compensation expense |  |  | 807 |  |  | 386 |  |  | 2,185 |  |  | 8,143 |
Amounts capitalized as part of inventory |  |  | 107 |  |  | 39 |  |  | 269 |  |  | 227 |
Total |  | $ | 914 |  | $ | 425 |  | $ | 2,454 |  | $ | 8,370 |
Stock Option Plan Our Amended and Restated Omnibus Equity Incentive Plan (“the Plan”) provides for various forms of stock-based incentives. To date, of the available forms of awards under the Plan, the Company has granted only stock options, restricted stock, unrestricted share grants, restricted stock units (“RSUs”), and performance contingent stock units. Options under the plan are granted at fair market value on the date of grant, become exercisable over a three-year period, or as determined by our Board of Directors, and expire over periods not exceeding 10 years from the date of grant. Certain option and share awards provide for accelerated vesting under certain circumstances in the event of a change in control (as defined in the Plan). Pursuant to the Plan, options for 3,826,956 shares were outstanding at September 29, 2017 with exercise prices ranging between $0.95 and $17.62 per share. Restricted stock grants under the Plan generally vest over a period between one to four years. There were 20,833 shares of restricted stock and 438,039 RSUs outstanding at September 29, 2017. As of September 29, 2017, there were 1,273,420 shares authorized and available for grants under the Plan. Assumptions The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model applying the weighted-average assumptions noted in the following table. Expected volatilities are based on historical volatility of the Company’s stock. The expected term of options granted is derived from the historical exercises and post-vesting cancellations and represents the period of time that options granted are expected to be outstanding. The Company has calculated an 11.3% estimated forfeiture rate based on historical forfeiture experience. The risk-free rate is based on the U.S. Treasury yield curve corresponding to the expected term at the time of the grant.
|  | Three Months Ended |  | Nine Months Ended |
|  | September 29, |  | September 30, |  | September 29, |  | September 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Expected dividend yield |  |  | 0 | % |  | 0 | % |  | 0 | % |  | 0 | %
Expected volatility |  |  | 57 | % |  | 57 | % |  | 57 | % |  | 57 | %
Risk-free interest rate |  |  | 1.83 | % |  | 1.19 | % |  | 1.95 | % |  | 1.34 | %
Expected term (in years) |  |  | 5.67 |  |  | 5.57 |  |  | 5.67 |  |  | 5.57 |
A summary of option activity under the Plan for the nine-month period ended September 29, 2017 is presented below:
|  | Options |
|  | Shares |
|  | (000’s) |
Outstanding at December 30, 2016 |  |  | 3,502 |
Granted |  |  | 829 |
Exercised |  |  | (334) |
Forfeited or expired |  |  | (170) |
Outstanding at September 29, 2017 |  |  | 3,827 |
Exercisable at September 29, 2017 |  |  | 2,752 |
A summary of restricted stock and RSU activity under the Plan for the nine-month period ended September 29, 2017 is presented below:
|  | Restricted |  |  |
|  | Shares |  | RSUs |
|  | (000’s) |  | (000’s) |
Outstanding at December 30, 2016 |  |  | 23 |  |  | 274 |
Granted |  |  | 21 |  |  | 291 |
Vested |  |  | (23) |  |  | (93) |
Forfeited |  |  | — |  |  | (34) |
Outstanding at September 29, 2017 |  |  | 21 |  |  | 438 |

X
- 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 FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration