Stock Compensation

3 Months Ended

Mar. 28, 2013

Stock Compensation [Abstract]

Stock Compensation

16.  Stock Compensation

Holdings has established various stock compensation plans which include restricted share grants and stock purchase plans. Compensation values are based on the value of Holdings' common stock at the grant date. The common stock value is added to equity and charged to period expense or included in inventory and cost of sales.

     For the three months ended March 28, 2013, Holdings recognized a net total of $3.7 of stock compensation expense, which is net of stock forfeitures, as compared to $4.0 of stock compensation expense, net of forfeitures, for the three months ended March 29, 2012. The entire $3.7 of stock compensation expense recorded for the three months ended March 28, 2013 was recorded as selling, general and administrative expense in accordance with FASB authoritative guidance, and the amount includes $0.4 accelerated vesting expense for participants meeting the conditions for “Qualifying Retirement” under the Short-Term Incentive Plan or “STIP.”The entire $4.0 of stock compensation expense recorded for the three months ended March 29, 2012was recorded as selling, general and administrative expense, and the amount includes $0.9 accelerated vesting expense for participants meeting the condition for “Qualifying Retirement” under the Short-Term Incentive Plan or “STIP” as set out in the Proxy Statement for our 2012 annual meeting of stockholders.

In February 2013, 86,063 shares of Class A common stock with an aggregate grant date fair value of $1.4 were granted under the Company's Short-Term Incentive Plan and such shares will vest on the one-year anniversary of the grant date. Additionally, 95,759 shares of Class A common stock with an aggregate grant date fair value of $2.3 granted under the Company's Short-Term Incentive Plan vested during the quarter ended March 28, 2013.