XML 52 R38.htm IDEA: XBRL DOCUMENT v3.3.1.900

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 26, 2015

Summary of Activity in Stock Option Awards

A summary of the activity in the stock option awards for the last three years is presented below.

		2015								2014								2013
		Shares				Weighted Average Exercise Price				Shares				Weighted Average Exercise Price				Shares				Weighted Average Exercise Price
Outstanding at beginning of year			8,602,626			$	4.53				22,702,534			$	4.48				12,578,071			$	5.25
Granted			—				—				—				—				2,003,000				5.24
Assumed — Merger			—				—				—				—				13,142,351				3.62
Forfeited			(574,967	)			9.29				(1,323,664	)			10.46				(2,072,560	)			8.83
Exercised			(2,248,062	)			3.34				(12,776,244	)			3.83				(2,948,328	)			1.40
Outstanding at end of year			5,779,597			$	4.53				8,602,626			$	4.53				22,702,534			$	4.48

Summary of Information About Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at December 26, 2015.

		Options Outstanding												Options Exercisable
Range of Exercise Prices		Number Outstanding				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price				Number Exercisable				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price
$0.83  $3.00			1,579,501				1.99			$	1.44				1,579,501				1.99			$	1.44
3.01  5.12			788,176				2.12				4.34				784,622				2.11				4.35
5.13			194,805				1.45				5.13				194,805				1.45				5.13
5.14  8.00			2,904,615				5.94				5.66				2,237,948				5.36				5.79
8.01  11.27			312,500				1.20				9.64				312,500				1.20				9.64
$0.83  $11.27			5,779,597				3.93			$	4.53				5,109,376				3.42			$	4.43

Summary of Status of Company's Nonvested Shares

A summary of the status of the Company’s nonvested shares and changes during 2015, 2014, and 2013 is presented below.

		2015								2014								2013
		Shares				Weighted Average Grant- Date Price				Shares				Weighted Average Grant- Date Price				Shares				Weighted Average Grant- Date Price
Outstanding at beginning of year			10,708,372			$	4.65				10,207,546			$	4.76				5,459,900			$	3.52
Granted			2,886,640				9.43				5,809,821				4.33				4,884,848				4.54
Assumed — Merger			—				—				—				—				6,426,968				3.46
Vested			(3,370,569	)			4.46				(4,179,789	)			4.75				(5,788,992	)			4.49
Forfeited			(635,554	)			5.94				(1,129,206	)			3.65				(775,178	)			4.01
Outstanding at end of year			9,588,889			$	6.07				10,708,372			$	4.65				10,207,546			$	4.76

Summary of Performance Based Long Term Incentive Program

A summary of the activity in the performance-based long-term incentive program since inception is presented below.

		2015								2014								2013
		Shares				Weighted Average Grant-Date Price				Shares				Weighted Average Grant-Date Price				Shares				Weighted Average Grant-Date Price
Outstanding at beginning of the year			6,808,964			$	4.43				3,076,292			$	4.45				1,030,753			$	3.25
Granted			2,745,303				9.45				5,289,047				4.55				4,317,314				4.55
Vested			(283,244	)			3.98				(1,246,006	)			3.74				(261,095	)			3.63
Forfeited			(681,909	)			5.67				(310,369	)			4.16				(2,010,680	)			4.15
Outstanding at end of the year			8,589,114			$	5.95				6,808,964			$	4.43				3,076,292			$	4.45

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration