XML 42 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stockholders' Equity (Tables)
 12 Months Ended
Jan. 03, 2015
Equity [Abstract]  
Summary of Activity in Stock Option Plan

The following table summarizes information regarding activity in our stock option plans during the fiscal years ended 2014, 2013 and 2012 (in thousands except share and per share data):

 

 

  

 

 

 

Outstanding Options

 

 

  

Shares
Available
for Grant

 

 

Number
of Shares

 

 

Aggregate
Price

 

 

Weighted
Average
Exercise
Price

 

Balances as of December 31, 2011

 

 

505,221

 

 

 

1,766,401

 

 

$

6,380

 

 

$

3.61

 

Additional shares reserved

 

 

391,166

 

 

 

—

 

 

 

—

 

 

 

—

 

Options granted

 

 

(335,050

)

 

 

335,050

 

 

 

1,313

 

 

 

3.92

 

Restricted stock granted

 

 

(66,665

)

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

—

 

 

 

(174,631

)

 

 

(445

)

 

 

2.55

 

Options cancelled

 

 

356,277

 

 

 

(356,277

)

 

 

(1,550

)

 

 

4.35

 

Options expired

 

 

(108,971)

 

 

 

—

 

 

 

—

 

 

 

—

 

Balances as of December 29, 2012

 

 

741,978

 

 

 

1,570,543

 

 

 

5,698

 

 

 

3.63

 

Additional shares reserved

 

 

52,128

 

 

 

—

 

 

 

—

 

 

 

—

 

Options granted

 

 

(149,600

)

 

 

149,600

 

 

 

851

 

 

 

5.69

 

Restricted stock granted

 

 

(234,012

)

 

 

—

 

 

 

—

 

 

 

—

 

Options exercised

 

 

—

 

 

 

(493,622

)

 

 

(1,495

)

 

 

3.03

 

Options cancelled

 

 

123,679

 

 

 

(123,679

)

 

 

(698

)

 

 

5.64

 

Options expired

 

 

(57,628)

 

 

 

—

 

 

 

—

 

 

 

—

 

Balances as of December 28, 2013

 

 

476,545

 

 

 

1,102,842

 

 

 

4,356

 

 

 

3.97

 

Additional shares reserved

 

 

503,306

 

 

 

—

 

 

 

—

 

 

 

—

 

Options granted

 

 

(158,300

)

 

 

158,300

 

 

 

1,362

 

 

 

8.61

 

Restricted stock granted

 

 

(62,225

)

 

 

—

 

 

 

—

 

 

 

—

 

Options exercised

 

 

—

 

 

 

(399,390

)

 

 

(1,501

)

 

 

3.76

 

Options cancelled

 

 

27,957

 

 

 

(27,957

)

 

 

(171

)

 

 

6.13

 

Awards cancelled

 

 

79,890

 

 

 

—

 

 

 

—

 

 

 

—

 

Options expired

 

 

(13,056

)

 

  

—

 

 

 

—

 

 

 

—

 

Balances as of January 3, 2015

 

 

854,117

 

 

 

833,795

 

 

$

4,046

 

 

$

4.88

 

 
Stock Options Outstanding and Exercisable

The following table summarizes information with respect to stock options outstanding and exercisable as of January 3, 2015:

 

 

  

Options Outstanding

 

  

Options Vested and Exercisable

 

Range of Exercise Prices

  

Number of
Shares
Outstanding as of
January 3,
2015

 

  

Weighted
Average
Remaining
Contractual
Life (years)

 

  

Weighted
Average
Exercise
Price

 

  

Number of
Shares
Exercisable as of
January 3,
2015

 

  

Weighted
Average
Exercise
Price

 

$0.90 - $3.07

 

 

96,025

 

 

 

1.12

 

 

$

1.70

 

 

 

96,025

 

 

$

1.70

 

$3.08 - $3.60

 

 

91,707

 

 

 

3.17

 

 

$

3.51

 

 

 

72,064

 

 

$

3.49

 

$3.72 - $3.75

 

 

33,250

 

 

 

3.83

 

 

$

3.72

 

 

 

22,000

 

 

$

3.73

 

$3.86 - $3.86

 

 

147,896

 

 

 

4.91

 

 

$

3.86

 

 

 

59,646

 

 

$

3.86

 

$3.89 - $4.31

 

 

140,325

 

 

 

3.12

 

 

$

4.12

 

 

 

112,521

 

 

$

4.15

 

$4.70 - $5.92

 

 

137,463

 

 

 

4.54

 

 

$

5.50

 

 

 

64,546

 

 

$

5.45

 

$6.00 - $8.58

 

 

122,129

 

 

 

5.92

 

 

$

7.91

 

 

 

25,131

 

 

$

7.45

 

$8.60 - $8.98

 

 

42,000

 

 

 

6.55

 

 

$

8.84

 

 

 

—

 

 

$

—

 

$9.34 - $9.34

 

 

20,000

 

 

 

6.18

 

 

$

9.34

 

 

 

—

 

 

$

—

 

$10.19 - $10.19

 

 

3,000

 

 

 

5.92

 

 

$

10.19

 

 

 

813

 

 

$

10.19

 

$0.90 - $10.19

 

 

833,795

 

 

 

4.14

 

 

$

4.88

 

 

 

452,746

 

 

$

3.85

 

 
Weighted Average Assumptions for Fair Value of Options Granted

 

The determination of the fair value of options granted by the Company is computed using the Black-Scholes option pricing model with the following weighted average assumptions:

 

 

  

Employee Stock Option Plan

 

  

FY 2014

 

FY 2013

 

FY 2012

Average risk free interest rate

  

1.49%

 

1.12%

 

0.68%

Expected life (in years)

  

4.50 years

 

4.50 years

 

4.55 years

Dividend yield

  

—

 

—

 

—

Average volatility

  

56.2%

 

71.5%

 

89.2%

 
Stock-Based Compensation Expense

The following table shows stock-based compensation expense by functional line item in the consolidated statements of operations for 2014, 2013 and 2012 (in thousands):

 

 

 

FY 2014

Year Ended

 

 

FY 2013

Year Ended

 

 

FY 2012

Year Ended

 

 

 

January 3, 2015

 

 

December 28, 2013

 

 

December 29, 2012

 

Cost of revenues

 

$

149

 

 

$

108

 

 

$

63

 

Research and development

 

 

105

 

 

 

71

 

 

 

77

 

Sales and marketing

 

 

118

 

 

 

113

 

 

 

105

 

General and administrative

 

 

600

 

 

 

397

 

 

 

143

 

Total stock-based compensation expense – continuing operations

 

 

972

 

 

 

689

 

 

 

388

 

Total stock-based compensation expense – discontinued operations

 

 

—

 

 

 

—

 

 

 

8

 

Total stock-based compensation expense

 

$

972

 

 

$

689

 

 

$

396

 

 
Stock Options Outstanding, Exercisable and Expected to Vest

Information regarding stock options outstanding, exercisable and expected to vest as of January 3, 2015 is summarized below:

 

 

  

 

  

 

 

  

 

  

 

 

  

Number of 

  

Weighted Average

 

  

Weighted Average
Remaining Contractual 

  

Aggregate Intrinsic Value  

 

  

Shares 

  

Exercise Price

 

  

Life (years) 

  

(thousands) 

Options outstanding

 

 

833,795

 

$

4.88

 

 

4.14

 

$

3,139

 

Options vested and expected to vest

 

 

781,361

 

$

4.77

 

 

4.04

 

$

3,026

 

Options exercisable

 

 

452,746

 

$

3.85

 

 

3.01

 

$

2,158

 

 
Restricted Stock Units Outstanding, Vested and Expected to Vest

Information regarding the restricted stock units outstanding, vested and expected to vest as of January 3, 2015 is summarized below:

 

 

  

Number of
Shares

 

  

Weighted Average
Remaining Contractual
Life (years)

 

  

Aggregate Intrinsic
Value (thousands)

 

Restricted stock units outstanding

 

 

277,390

 

 

 

0.59

 

 

$

2,388

 

Restricted stock units vested and expected to vest

 

 

196,858

 

 

 

0.23

 

 

$

1,695

 

 
Restricted Stock Units and Awards

Information regarding the restricted stock units activity during the year ended January 3, 2015, December 28, 2013 and December 29, 2012 is summarized below:

 

 

  

Number of
Shares

 

 

Weighted Average
Grant Date Fair
Value

 

Outstanding as of December 31, 2011

 

 

90,189

 

 

$

3.49

 

Restricted stock units granted

 

 

55,999

 

 

$

3.85

 

Restricted stock units released

 

 

(15,189

)

 

$

3.95

 

Restricted stock units forfeited

 

 

(75,000

)

 

$

3.40

 

Outstanding as of December 29, 2012

 

 

55,999

 

 

$

3.85

 

Restricted stock units granted

 

 

230,509

 

 

$

4.51

 

Restricted stock units released

 

 

(17,249

)

 

$

3.77

 

Outstanding as of December 28, 2013

 

 

269,259

 

 

$

4.42

 

Restricted stock units granted

 

 

59,780

 

 

$

9.76

 

Restricted stock units released

 

 

(46,759

)

 

$

9.29

 

Restricted stock units forfeited

 

 

(4,890

)

 

$

8.18

 

Outstanding as of January 3, 2015

 

 

277,390

 

 

$

4.68

 

 

 

Information regarding the restricted stock awards activity during the year ended January 3, 2015, December 28, 2013 and December 29, 2012 is summarized below:

 

 

  

Number of
Shares

 

 

Weighted Average
Grant Date Fair
Value

 

Outstanding as of December 31, 2011

 

 

10,126

 

 

$

3.95

 

Restricted stock awards granted

 

 

10,666

 

 

 

3.75

 

Restricted stock awards released

 

 

(10,126

)

 

$

3.95

 

Outstanding as of December 29, 2012

 

 

10,666

 

 

$

3.75

 

Restricted stock awards granted

 

 

3,503

 

 

$

5.71

 

Restricted stock awards released

 

 

(10,666

)

 

$

3.75

 

Outstanding as of December 28, 2013

 

 

3,503

 

 

$

5.71

 

Restricted stock awards granted

 

 

2,445

 

 

$

8.18

 

Restricted stock awards released

 

 

(3,503

)

 

$

5.71

 

Outstanding as of January 3, 2015

 

 

2,445

 

 

$

8.18