Stock Based Compensation

3 Months Ended

Mar. 29, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Based Compensation

7. Stock Based Compensation

During the three months ended March 29, 2019, the Company issued 407,531 restricted stock units at a weighted average grant-date fair value of $18.57 per share. As of March 29, 2019, the Company had 1,001,781 restricted stock units outstanding at a weighted average grant-date fair value of $17.36 per share. As of March 29, 2019, $14.3 million of total restricted stock unit compensation expense related to unvested awards had not been recognized and is expected to be recognized over a weighted average period of approximately 2.6 years.

As of March 29, 2019, the Company had 174,733 shares of common stock subject to vesting requirements outstanding at a weighted average grant-date fair value of $19.82 per share. As of March 29, 2019, $1.8 million of compensation expense related to common stock subject to vesting requirements had not been recognized and is expected to be recognized over a weighted average period of approximately 2.1 years.

Forfeitures for all of the Company’s outstanding equity are recognized as incurred.