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Stock Compensation
3 Months Ended
Mar. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Compensation Stock Compensation
Cash-Settled Stock Appreciation Rights (“SARs”)
During fiscal 2016, we granted certain executives and employees cash-settled SARs. The cash-settled SARs vested on July 16, 2018. On the vesting date, half of the vested value of the cash-settled SARs became payable within thirty days of the vesting date, and the remainder payable within one year of the vesting date. The exercise price for the cash-settled SARs was amended so that it is based on a 20 day trading average of the Company’s common stock through the vesting date, in excess of the $7.00 grant date valuation.
On March 30, 2019, the total liability was approximately $7.2 million, which reflected the remaining payable balance.
Stock Compensation Expense
During the three months ended March 30, 2019 and March 31, 2018, we incurred stock compensation expense of $0.7 million and $9.2 million, respectively. The decrease in our stock compensation expense for the three-month period of fiscal 2019 is attributable to cash-settled SARs expense in the prior year.