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Stock-Based Compensation
6 Months Ended
Oct. 01, 2017
Text Block [Abstract]  
Stock-Based Compensation Stock-Based Compensation

As of October 1, 2017, the Company maintains the 2017 Equity Incentive Plan, (“2017 EIP”). The 2017 EIP reserved 3,177,477 shares of common stock for the grant of various classes of nonqualified stock options, restricted stock units, market condition-based share units and other forms of equity-based compensation.

The Company recognized stock-based compensation expense associated with its equity incentive plans of $4,293 for the second quarter of fiscal 2018 and $4,790 for the second quarter of fiscal 2017. Stock-based compensation expense was $9,523 for the six months of fiscal 2018 and $9,857 for the six months of fiscal 2017. The Company recognizes compensation expense using the straight-line method over the vesting period of the awards.

During the six months of fiscal 2018, the Company granted to non-employee directors 30,366 restricted stock units, pursuant to the 2017 EIP.

During the six months of fiscal 2018, the Company granted to management and other key employees 169,703 non-qualified stock options and 60,008 market condition-based share units that vest three years from the date of grant, and 160,313 restricted stock units that vest 25% each year over four years from the date of grant.

Common stock activity during the six months of fiscal 2018 included the vesting of 148,567 restricted stock units and 142,426 market condition-based share units and the exercise of 56,744 stock options.

As of October 1, 2017, there were 557,313 non-qualified stock options, 640,792 restricted stock units and 353,726 market condition-based share units outstanding.