XML 25 R14.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock Based Compensation
3 Months Ended
Apr. 01, 2016
Stock Based Compensation [Abstract]  
Stock Based Compensation

7. Stock Based Compensation

During the nine months ended April 1, 2016, the Company issued 533,059 restricted stock units at a weighted average grant-date fair value of $13.32 per share. As of April 1, 2016, the Company had 1,908,599 restricted stock units outstanding at a weighted average grant-date fair value of $9.06 per share. As of April 1, 2016, $12.7 million of total restricted stock unit compensation expense related to unvested awards had not been recognized and is expected to be recognized over a weighted average period of approximately 2.17 years.

During the quarter April 1, 2016, 240,820 shares of common stock subject to vesting requirements were issued. These shares related to the consideration for the 2014 acquisition of Technolab.  As of April 1, 2016, the Company had 505,060 shares of common stock subject to vesting requirements outstanding at a weighted average grant-date fair value of $10.95 per share. As of April 1, 2016, $3.9 million of compensation expense related to common stock subject to vesting requirements had not been recognized and is expected to be recognized over a weighted average period of approximately 2.3 years.