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Share-Based Compensation
 9 Months Ended
Sep. 26, 2012
Share-Based Compensation [Abstract]  
Share-Based Compensation
Note 10.     Share-Based Compensation

Total share-based compensation cost included as a component of net income was as follows:
 
 
Quarter Ended
  
Three Quarters Ended
 
 
September 26, 2012
  
September 28, 2011
  
September 26, 2012
  
September 28, 2011
 
 
(In thousands)
Stock options
 $200  $266  $692  $788 
Restricted stock units
  778   512   1,752   1,848 
Board deferred stock units
  150   253   350   544 
Total share-based compensation
 $1,128  $1,031  $2,794  $3,180 
 
Stock Options

As of September 26, 2012, we had approximately $0.8 million of unrecognized compensation cost related to unvested stock option awards outstanding, which is expected to be recognized over a weighted average of 1.1 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 three quarters ended September 26, 2012, we made payments of $0.6 million in cash and issued 0.2 million shares of common stock related to restricted stock unit awards.
 
As of September 26, 2012, we had approximately $3.6 million of unrecognized compensation cost related to all unvested restricted stock unit awards outstanding, which is expected to be recognized over a weighted average of 1.47 years.
 
Board Deferred Stock Units

During the three quarters ended September 26, 2012, we granted approximately 0.1 million deferred stock units (which are equity classified) with a weighted average grant date fair value of $4.05 per unit to non-employee members of our Board of Directors. A director may elect to convert these awards into shares of common stock either on a specific date in the future (while still serving as a member of the Board of Directors) or upon termination as a member of the Board of Directors. During the three quarters ended September 26, 2012, less than 0.1 million deferred stock units were converted into shares of common stock. As of September 26, 2012, we had approximately $0.3 million of unrecognized compensation cost related to all unvested deferred stock unit awards outstanding, which is expected to be recognized over a weighted average of 0.6 years.