XML 72 R14.htm IDEA: XBRL DOCUMENT v3.19.3
Stock Compensation
9 Months Ended
Sep. 28, 2019
Share-based Payment Arrangement [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 was 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 September 28, 2019, there was no remaining liability related to the cash-settled SARs.
Stock Compensation Expense
During the three months ended September 28, 2019 and September 29, 2018, we incurred stock compensation expense of $1.2 million and $1.7 million, respectively. During the nine months ended September 28, 2019 and September 29, 2018, we incurred stock compensation expense of $2.5 million and $14.7 million, respectively. The decrease in our stock compensation expense for the three and nine month periods of fiscal 2019 is attributable to cash-settled SARs expense in the prior year.