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Share-Based Compensation
 3 Months Ended
Mar. 28, 2012
Share-Based Compensation [Abstract]  
Share-Based Compensation
Note 10.     Share-Based Compensation
 
Total share-based compensation included as a component of net income was as follows:
 
   
Quarter Ended
 
   
March 28, 2012
   
March 30, 2011
 
   
(In thousands)
 
Share-based compensation related to liability classified restricted stock units
 
$
364
   
$
167
 
Share-based compensation related to equity classified awards:
               
Stock options
 
$
328
   
$
258
 
Restricted stock units
   
79
     
440
 
Board deferred stock units
   
19
     
108
 
Total share-based compensation related to equity classified awards
   
426
     
806
 
Total share-based compensation
 
$
790
   
$
973
 
 
Stock Options
 
We did not grant any stock options during the quarter ended March 28, 2012. As of March 28, 2012, we had approximately $1.4 million of unrecognized compensation cost related to unvested stock option awards outstanding, which is expected to be recognized over a weighted average of 1.3 years.
 
Restricted Stock Units
 
In February 2012, we granted approximately 0.4 million performance shares and related performance-based target cash awards of $2.0 million to certain employees. As these awards contain a market condition, a Monte Carlo valuation was used to determine the performance shares' grant date fair value of $6.05 per share and the payout probability of the target cash awards. The awards granted to our named executive officers also contain a performance condition based on certain operating measures for the fiscal year ended December 26, 2012. The performance period is the three year fiscal period beginning December 29, 2011 and ending December 31, 2014. The performance shares and cash awards will vest and be earned (from 0% to 200% of the target award for each such increment) at the end of the performance period based on the Total Shareholder Return of our stock compared to the Total Shareholder Returns of a group of peer companies.
 
During the quarter ended March 28, 2012, we made payments of $0.4 million in cash and issued 0.1 million shares of common stock related to restricted stock awards.
 
Accrued compensation expense included as a component of the Condensed Consolidated Balance Sheet was as follows:
 
   
March 28, 2012
   
December 28, 2011
 
   
(In thousands)
 
Liability classified restricted stock units:
         
Other current liabilities
 
$
502
   
$
449
 
Other noncurrent liabilities
 
$
291
   
$
335
 
                 
Equity classified restricted stock units:
               
Additional paid-in capital
 
$
4,375
   
$
4,515
 
 
As of March 28, 2012, we had approximately $4.4 million of unrecognized compensation cost (approximately $1.8 million for liability classified units and approximately $2.6 million for equity classified units) related to all unvested restricted stock unit awards outstanding, which is expected to be recognized over a weighted average of 1.2 years.