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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of stock based compensation expense

Stock-based compensation expense included in the Company's consolidated financial statements for the three months ended March 31, 2019 and April 1, 2018 was as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

2019

 

 

April 1,

2018

 

Cost of revenue

 

$

26

 

 

$

34

 

Research and development

 

 

655

 

 

 

183

 

Selling, general and administrative

 

 

270

 

 

 

215

 

Total costs and expenses

 

$

951

 

 

$

432

 

Summary of the activity in the shares available for grant

The following table summarizes the activity in the shares available for grant under the 2009 Stock Plan during the three months ended March 31, 2019:

 

 

 

Shares

Available for Grant

 

 

 

(in thousands)

 

Balance at December 30, 2018

 

 

6,760

 

Authorized

 

 

-

 

RSUs granted

 

 

(3,144

)

RSUs forfeited or expired

 

 

158

 

Options forfeited

 

 

20

 

Balance at March 31, 2019

 

 

3,794

 

Summary of stock options outstanding and stock option activity and the related weighted average exercise price

The following table summarizes stock options outstanding and stock option activity under the 2009 Plan, and the related weighted average exercise price, for the three months ended March 31, 2019:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Term

 

 

Aggregate

Intrinsic

Value

 

 

 

(in thousands)

 

 

 

 

 

 

(in years)

 

 

(in thousands)

 

Balance outstanding at December 30, 2018

 

 

3,201

 

 

$

2.18

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(20

)

 

 

3.12

 

 

 

 

 

 

 

 

 

Exercised

 

 

(4

)

 

 

0.78

 

 

 

 

 

 

 

 

 

Balance outstanding at March 31, 2019

 

 

3,177

 

 

$

2.18

 

 

 

3.48

 

 

$

-

 

Exercisable at March 31, 2019

 

 

2,894

 

 

$

2.30

 

 

 

3.09

 

 

$

-

 

Vested and expected to vest at March 31, 2019

 

 

3,144

 

 

$

2.19

 

 

 

3.44

 

 

$

-

 

Summary of activity for RSUs and PRSUs

A summary of activity for the Company's RSUs for the three months ended March 31, 2019 and information regarding RSUs outstanding and expected to vest as of March 31, 2019 is as follows:

 

 

 

RSUs & PRSUs Outstanding

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

 

 

(in thousands)

 

 

 

 

 

Nonvested at December 30, 2018

 

 

2,570

 

 

$

1.23

 

Granted

 

 

3,143

 

 

 

0.87

 

Vested

 

 

(697

)

 

 

1.06

 

Forfeited

 

 

(158

)

 

 

 

Nonvested at March 31, 2019

 

 

4,858

 

 

$

1.09

 

Summary of the fair value of rights issued pursuant to ESPP

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

 

 

 

March 31,

2019

 

 

April 1,

2018

 

Expected term (months)

 

 

6.0

 

 

 

6.0

 

Risk-free interest rate

 

 

2.37

%

 

 

1.39

%

Volatility

 

 

53.77

%

 

 

54.87

%

Dividend yield