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Stock Based Compensation (Tables)
12 Months Ended
Dec. 28, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Activity Under Plans and Agreement

Activity under the Plans and the Agreement is as follows:

 

Options

   Shares
(Thousands)
     Weighted
Average
Exercise
Price
     Aggregate
Intrinsic
Value
(Thousands)
     Weighted
Average
Remaining
Term
(Years)
 

Outstanding—December 25, 2011

     4,261         9.19       $ 2,229         6.34   
        

 

 

    

Granted

  504      8.65   

Exercised

  —       —    

Canceled

  (552 )   7.67   
  

 

 

          

Outstanding—December 30, 2012

  4,213      9.30    $ 5,348      5.93   
        

 

 

    

Granted

  1,243      11.32   

Exercised

  (99 )   7.97   

Canceled

  (327 )   8.40   
  

 

 

          

Outstanding—December 29, 2013

  5,030      9.41    $ 78,575      6.31   
        

 

 

    

Granted

  318      19.16   

Exercised

  (586 )   8.67   

Canceled

  (149 )   11.68   
  

 

 

          

Outstanding—December 28, 2014

  4,613      10.10    $ 12,731      5.62   
  

 

 

       

 

 

    

Vested and expected to vest—December 28, 2014

  3,469      9.11    $ 21,602      4.66   
  

 

 

       

 

 

    

Exercisable—December 28, 2014

  3,547      9.17    $ 11,293      4.75   
  

 

 

       

 

 

    

 

Schedule of Average Assumptions to Value Options

The following table reflects the average assumptions utilized in the Black-Scholes option-pricing model to value the options granted for each year:

 

     2014     2013     2012  

Risk-free interest rate

     1.3 %     1.2 %     1.0 %

Expected life (years)

     7.00        6.05        6.06   

Expected dividend yield

     —         —         —    

Volatility

     49.2     46.9     46.4 %

Weighted average common stock fair value

   $ 19.16      $ 11.32      $ 8.65