XML 18 R25.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of employee service share-based compensation, allocation of recognized period costs
The stock-based compensation expense included in the Company's consolidated financial statements for the three and six months ended June 28, 2015 and June 29, 2014 was as follows (in thousands):
 
 
Three Months Ended
 
Six Months Ended
 
June 28,
2015
 
June 29,
2014
 
June 28,
2015
 
June 29,
2014
Cost of revenue
$
27

 
$
36

 
$
66

 
$
78

Research and development
212

 
221

 
403

 
574

Selling, general and administrative
252

 
309

 
519

 
646

Total costs and expenses
$
491

 
$
566

 
$
988

 
$
1,298

Schedule of share-based payment award, stock options, valuation assumptions
The following weighted average assumptions are included in the estimated fair value calculations for stock option grants:

 
Three Months Ended
 
Six Months Ended
 
June 28,
2015
 
June 29,
2014
 
June 28,
2015
 
June 29,
2014
Expected term (years)

 
6.00

 
4.78

 
6.19

Risk-free interest rate
%
 
1.90
%
 
1.40
%
 
1.98
%
Expected volatility
%
 
55.70
%
 
52.11
%
 
55.10
%
Expected dividend yield

 

 

 

Schedule of share-based compensation, activity
The following table summarizes the activity in the shares available for grant under the 2009 Plan during the six months ended June 28, 2015:
 
 
Shares
Available for Grant
 
(in thousands)
Balance at December 28, 2014
1,139

Authorized
2,500

Options granted
(80
)
Options forfeited or expired
174

RSUs granted
(298
)
PRSUs granted
(20
)
RSUs forfeited or expired
35

Balance at June 28, 2015
3,450

Schedule of share-based compensation, stock options, activity
The following table summarizes stock options outstanding and stock option activity under the 1999 Plan and the 2009 Plan, and the related weighted average exercise price, for the first six months of 2015:
 
 
Number of Shares
 
Weighted
Average Exercise
Price
 
Weighted
Average
Remaining Term
 
Aggregate
Intrinsic Value
 
(in thousands)
 
 
 
(in years)
 
(in thousands)
Balance outstanding at December 28, 2014
5,682

 
$
2.67

 
 
 
 
Granted
80

 
2.00

 
 
 
 
Forfeited or expired
(174
)
 
3.41

 
 
 
 
Exercised
(117
)
 
0.98

 
 
 
 
Balance outstanding at June 28, 2015
5,471

 
$
2.67

 
4.84
 
$
292

Exercisable at June 28, 2015
4,631

 
$
2.61

 
4.20
 
$
292

Vested and expected to vest at June 28, 2015
5,317

 
$
2.66

 
4.72
 
$
292

Schedule of share-based compensation, restricted stock and restricted stock units activity
A summary of activity for the Company's RSUs and PRSUs for the six months ended June 28, 2015 and information regarding RSUs and PRSUs outstanding and expected to vest as of June 28, 2015 is as follows:

 
RSUs & PRSUs Outstanding
 
Number of Shares
 
Weighted Average
Grant Date Fair Value
 
(in thousands)
 
 
Nonvested at December 28, 2014
650

 
$
3.47

Granted
318

 
1.85

Vested
(54
)
 
2.04

Forfeited
(35
)
 

Nonvested at June 28, 2015
879

 
$
3.10


Schedule of share-based payment award, employee stock purchase plan, valuation assumption
The fair value of rights issued pursuant to the Company's 2009 ESPP was estimated on the commencement date of each offering period using the following weighted average assumptions:
 
 
Three Months Ended
 
Six Months Ended
 
June 28,
2015
 
June 29,
2014
 
June 28,
2015
 
June 29,
2014
Expected term (months)
6.08

 
6.09

 
6.08

 
6.09

Risk-free interest rate
0.08
%
 
0.05
%
 
0.08
%
 
0.05
%
Volatility
51.54
%
 
49.17
%
 
51.54
%
 
49.17
%
Dividend yield