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Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Share-Based Compensation Expense Recorded In Income from Continuing Operations in Statements of Operations

The table below summarizes share-based compensation expense recorded in income from continuing operations in the consolidated statements of operations (in thousands):

 

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

 

2017

 

 

2016

 

Selling, general and administrative

$

1,358

 

 

$

1,243

 

Research and development and engineering

 

43

 

 

 

25

 

Cost of revenue

 

68

 

 

 

74

 

Total share-based compensation expense

$

1,469

 

 

$

1,342

 

 

Fair Value of TSR Performance-Based Restricted Stock Units Estimated Using Monte-Carol Valuation Model

The fair value of the TSR-PSUs at the date of grant was estimated using the Monte-Carlo valuation model with the following assumptions:

 

Three Months Ended March 31, 2017

 

Grant-date stock price

$

24.30

 

Expected volatility

 

28.6

%

Risk-free interest rate

 

1.44

%

Expected annual dividend yield

 

 

Weighted average fair value

$

33.31

 

 

2010 Incentive Award Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Restricted Stock Issued and Outstanding

The table below summarizes activities relating to RSUs and DSUs issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the three months ended March 31, 2017:

 

 

Shares

(In thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Unvested at December 31, 2016

 

635

 

 

$

13.97

 

Granted

 

220

 

 

$

24.00

 

Vested

 

(189

)

 

$

13.87

 

Forfeited

 

(1

)

 

$

16.52

 

Unvested at March 31, 2017

 

665

 

 

$

17.32

 

Expected to vest as of March 31, 2017

 

614

 

 

 

 

 

 

Performance-Based Awards Issued and Outstanding

The table below summarizes the activities relating to the performance-based awards issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the three months ended March 31, 2017:

 

 

Shares

(In thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Unvested at December 31, 2016

 

29

 

 

$

14.13

 

Granted

 

60

 

 

$

28.81

 

Vested

 

 

 

$

 

Forfeited

 

 

 

$

 

Unvested at March 31, 2017

 

89

 

 

$

24.00