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Organization and Significant Accounting Policies (Tables)
6 Months Ended
Jun. 29, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Assets or Liabilities Measured at Fair Value

The following table summarizes, for assets or liabilities measured at fair value, the respective fair value and the classification by level of input within the fair value hierarchy (in thousands):

 

 

 

 

 

 

 

Fair Value Measurement at

 

 

 

 

 

 

 

Reporting Date Using

 

Description

 

June 29, 2018

 

 

Quoted Prices in

Active Markets for Identical Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

14

 

 

$

 

 

$

14

 

 

$

 

Forward contracts

 

$

457

 

 

$

 

 

$

457

 

 

$

 

 

 

 

 

 

 

 

Fair Value Measurement at

 

 

 

 

 

 

 

Reporting Date Using

 

Description

 

December 29, 2017

 

 

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

30

 

 

$

 

 

$

30

 

 

$

 

Forward contracts

 

$

1,302

 

 

$

 

 

$

1,302

 

 

$

 

 

Summary of Restricted Stock Unit, Performance Stock Units and Restricted Stock Award Activity

The following table summarizes the Company’s RSU, PSU and RSA activity for the six months ended June 29, 2018:

 

 

 

Shares

 

 

Aggregate

Fair Value

(in thousands)

 

Unvested restricted stock units and restricted stock awards

   at December 29, 2017

 

 

1,676,312

 

 

$

38,706

 

Granted

 

 

299,960

 

 

 

 

 

Vested

 

 

(629,192

)

 

 

 

 

Forfeited

 

 

(97,378

)

 

 

 

 

Unvested restricted stock units and restricted stock awards

   at June 29, 2018

 

 

1,249,702

 

 

$

20,745

 

Vested and expected to vest restricted stock units and

   restricted stock awards at June 29, 2018

 

 

1,069,087

 

 

$

17,747

 

 

Stock-Based Compensation Expense Included in Condensed Consolidated Statements of Operations

The following table shows the Company’s stock-based compensation expense included in the Condensed Consolidated Statements of Operations (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 29,

 

 

June 30,

 

 

June 29,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Cost of sales (1)

 

$

517

 

 

$

258

 

 

$

1,023

 

 

$

601

 

Research and development

 

 

10

 

 

 

47

 

 

 

71

 

 

 

100

 

Sales and marketing

 

 

193

 

 

 

97

 

 

 

396

 

 

 

221

 

General and administrative

 

 

1,636

 

 

 

978

 

 

 

3,430

 

 

 

1,840

 

 

 

 

2,356

 

 

 

1,380

 

 

 

4,920

 

 

 

2,762

 

Income tax benefit

 

 

(312

)

 

 

(184

)

 

 

(540

)

 

 

(498

)

Stock-based compensation expense, net of tax

 

$

2,044

 

 

$

1,196

 

 

$

4,380

 

 

$

2,264

 

 

(1)

Stock-based compensation expense capitalized in inventory for the three and six months ended June 29, 2018 and June 30, 2017 was not significant.