Share-Based Compensation

6 Months Ended

Jun. 24, 2020

Share-based Payment Arrangement [Abstract]

Total share-based compensation included as a component of general and administrative expenses was as follows:


	Quarter Ended						Two Quarters Ended
	June 24, 2020		June 26, 2019		June 24, 2020		June 26, 2019
	(In thousands)
Employee share awards	$	1,326	$	2,463	$	(420)	$	4,461
Restricted stock units for board members	185		250		394		505
Total share-based compensation	$	1,511	$	2,713	$	(26)	$	4,966

Employee Share Awards

Employee share awards consist of performance share units and restricted stock units (which are equity classified). During the quarter and two quarters ended June 24, 2020, as a component of our annual compensation program, we granted certain employees approximately 0.8 million restricted stock units with a grant date fair value of $10.46 per share that vest over a two-year period, as defined under the terms of the award. The vesting period for these restricted stock units is the two-year period beginning May 20, 2020 through May 20, 2022.

During the two quarters ended June 24, 2020, we issued 0.3 million shares of common stock related to vested performance share units. In addition, 0.1 million shares of common stock were withheld in lieu of taxes related to vested performance share units.

As of June 24, 2020, we had approximately $12.3 million of unrecognized compensation cost related to all unvested performance share awards and restricted share awards outstanding, which have a weighted average remaining contractual term of 1.7 years.

Restricted Stock Units for Board Members

During the quarter and two quarters ended June 24, 2020, we granted less than 0.1 million restricted stock units (which are equity classified) with a weighted average grant date fair value of $10.46 per unit to non-employee members of our Board of

Directors. The restricted stock units vest after a one year service period. 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 our Board of Directors), upon

termination as a member of our Board of Directors, or in three equal annual installments commencing after termination of

service as a member of our Board.

During the quarter and two quarters ended June 24, 2020, less than 0.1 million restricted stock units were converted into shares of common stock.

As of June 24, 2020, we had approximately $0.8 million of unrecognized compensation cost related to all unvested restricted stock unit awards outstanding, which have a weighted average remaining contractual term of 0.9 years.