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Employee Share-Based Compensation (Tables)
9 Months Ended
Sep. 29, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Weighted average assumptions of stock options granted

The table below outlines the weighted average assumptions for options granted to employees during the nine months ended September 29, 2012.

Nine Months Ended September 29, 2012                    2012
Volatility 33.14%
Expected dividends 0.00%
Expected term  5.8 years
Risk-free rate 1.02%

 

Service Period Based Stock Options

The following table summarizes service period based stock option activity at September 29, 2012, and changes during the nine months then ended:

      Weighted Average   
         Remaining  Aggregate
   Number of  Exercise  Contractual  Intrinsic
   Shares  Price  Term  Value
Outstanding at December 31, 2011   13,895,872   $1.53           
                     
Options Granted   5,186,713    0.78           
Options Exercised   (6,117)   0.50           
Options Forfeited   (4,661,292)   1.04           
Outstanding at September 29, 2012   14,415,176   $1.42    6.31   $374,232 
                     
Exercisable at September 29, 2012   10,004,421   $1.50    5.84   $131,049 

 

Performance Based Stock Options

The following table summarizes performance based stock options activity at September 29, 2012 and changes during the nine months then ended:

      Weighted Average   
         Remaining  Aggregate
   Number of  Exercise  Contractual  Intrinsic
   Shares  Price  Term  Value
Outstanding at December 31, 2011   1,200,000   $1.64           
                     
Options Granted   —      —             
Options Exercised   —      —             
Options Forfeited    (1,000,000)   1.65           
Outstanding at September 29, 2012   200,000   $1.59    8.47   $—   
                     
Exercisable at September 29, 2012   72,917   $1.59    8.46   $—   

 

Weighted average assumptions of restricted stock

The table below outlines the weighted average assumptions of these market conditioned restricted stock awarded to employees during the nine months ended September 29, 2012.

Nine Month Ended September 29, 2012 2012
Expected Term 3.00
Expected Volatility 69.98%
Expected Dividends 0.00%
Risk Free Rate of Return 0.39%

Restricted stock awards granted to employees

The following table summarizes activity of restricted stock awards granted to employees at September 29, 2012 and changes during the nine months then ended:

      Weighted Average
      Award-Date
   Shares  Fair Value
 Unvested shares at December 31, 2011    1,000,000   $1.27 
             
 Granted    2,250,000    0.75 
 Vested    —      —   
 Forfeited    (2,750,000)   0.95 
 Unvested shares at September 29, 2012    500,000   $0.69 
             
 Expected to Vest as of September 29, 2012    500,000   $0.69