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Stock Based Compensation (Tables)
12 Months Ended
Dec. 27, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Stock Option Activity Under The Company's Stock Option Plans

 

Stock option activity under the Company’s stock option plans for the year ended December 27, 2013 is summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Option Shares

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value

Outstanding as of December 28, 2012

 

3,898,864 

 

$                         4.34 

 

 

 

 

Exercised

 

(109,683)

 

4.29 

 

 

 

 

Forfeited or expired (1)

 

(3,422,467)

 

4.33 

 

 

 

 

Outstanding as of December 27, 2013

 

366,714 

 

$                         4.39 

 

3.29 

 

$                    681,907 

 

 

 

 

 

 

 

 

 

Exercisable at December 27, 2013

 

86,714 

 

$                         5.63 

 

0.63 

 

$                      63,107 

 

 

 

 

 

 

 

 

 

(1) Includes 2,916,563 of unvested performance-based stock options surrendered and replaced with SARs and 470,000 vested stock options surrendered and replaced with SARs. See SARs discussion below.

 

 

A summary of the Company’s stock option activity for the years ended December 28, 2012 and December 30, 2011 was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

December 28, 2012

 

December 30, 2011

 

 

Option Shares

 

Weighted Average Exercise Price

 

Option Shares

 

Weighted Average Exercise Price

Outstanding at beginning of year

 

867,375 

 

$                         5.53 

 

982,328 

 

$                         5.62 

Granted

 

3,196,563 

 

4.00 

 

 -

 

 -

Exercised

 

(76,986)

 

2.53 

 

(24,000)

 

2.46 

Forfeited or expired

 

(88,088)

 

5.46 

 

(90,953)

 

7.23 

Outstanding at end of year

 

3,898,864 

 

$                         4.34 

 

867,375 

 

$                         5.53 

 

 

 

 

 

 

 

 

 

Exercisable at end of year

 

702,301 

 

$                         5.86 

 

867,167 

 

$                         5.53 

 

 

 

 

 

 

 

 

 

 

Other Information Pertaining To Stock Option Activity

 

 

 

 

 

 

 

 

 

Year Ended

 

 

December 27, 2013

 

December 28, 2012

 

December 30, 2011

Total intrinsic value of stock options exercised

 

$                         163 

 

$                         177 

 

$                           41 

 

 

 

 

 

 

 

 

Summary Information About The Company's Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

Range of Exercise Prices

 

Number Outstanding

 

Weighted Average Remaining Contractual Life (Years)

 

Weighted Average Exercise Price

 

Number Exercisable

 

Weighted Average Exercise Price

$0.00 - $4.06

 

305,167 

 

3.2 

 

$                         4.00 

 

25,167 

 

$                       3.96 

$4.07 - $8.13

 

61,547 

 

0.1 

 

6.32 

 

61,547 

 

6.32 

 

 

366,714 

 

3.3 

 

$                         4.39 

 

86,714 

 

$                       5.63 

 

 

 

 

 

 

 

 

 

 

 

 

Summary Of Assumptions Used To Determine Fair Value

 

 

 

Expected volatility

 

43% 

Risk-free rate

 

0.35% 

Expected term (in years)

 

2-6

 

Summary Of Restricted Stock Unit Activity

 

 

 

 

 

 

 

Number of Restricted Stock Units

 

Weighted Average Grant-Date Fair Value

Nonvested balance as of December 28, 2012

 

2,547,831 

 

$                         3.69 

Granted

 

1,261,783 

 

4.68 

Vested

 

(777,365)

 

3.45 

Forfeited

 

(121,945)

 

3.90 

Nonvested balance as of December 27, 2013

 

2,910,304 

 

$                         4.17 

 

 

 

 

 

 

Summary Of Activity For Common Stock Subject To Vesting Requirements

 

 

 

 

 

 

 

Number of Shares of Common Stock Subject to Vesting Requirements

 

Weighted Average Grant-Date Fair Value

Nonvested balance as of December 28, 2012

 

395,743 

 

$                         3.58 

Vested

 

(218,096)

 

3.28 

Nonvested balance as of December 27, 2013

 

177,647 

 

$                         3.31 

 

 

 

 

 

 

Stock Appreciation Rights (SARs) [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Stock Option Activity Under The Company's Stock Option Plans

 

 

 

 

 

 

 

 

 

Number of   SARs

 

Weighted Average Exercise Price

 

Weighted Average Fair Value

Outstanding as of December 28, 2012

 

 -

 

$                              - 

 

$                              - 

Granted

 

3,386,563 

 

4.31 

 

0.99 

Outstanding as of December 27, 2013

 

3,386,563 

 

$                        4.31 

 

$                        0.99 

Exercisable at December 27, 2013

 

470,000 

 

$                        6.25 

 

$                        1.23 

 

 

 

 

 

 

 

 

Summary Of Assumptions Used To Determine Fair Value

 

 

 

Expected volatility

 

28% - 43%

Risk-free rate

 

0.35% 

Expected term (in years)

 

2-3