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Employee Equity Incentive Plan (Tables)
12 Months Ended
Dec. 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 years ended December 29, 2012 and December 31, 2011.

 

Year Ended December   2012     2011  
Volatility     33.22 %     31.56 %
Expected dividends     0.00 %     0.00 %
Expected term   5.8 years     5.8 years  
Risk-free rate     0.96 %     2.20 %
Service Period Based Stock Options

The following table summarizes service period based stock options activity at December 29, 2012 and changes during the year 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     10,905,375       0.87              
Options Exercised     (6,117 )     0.50              
Options Cancelled     (7,765,512 )     1.60              
Options Forfeited     (4,827,060 )     1.05              
Outstanding at December 29, 2012     12,202,558     $ 1.08       8.25     $ 27,991  
                                 
Exercisable at December 29, 2012     4,638,114     $ 1.30       6.19     $ 25,546  
Performance Based Stock Options

The following table summarizes performance based stock options activity at December 29, 2012 and changes during the year 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 Cancelled     -       -              
Options Forfeited     (1,054,166 )     1.65              
Outstanding at December 29, 2012     145,834     $ 1.59       8.27     $ -  
                                 
Exercisable at December 29, 2012     85,417     $ 1.59       8.21     $ -  
Restricted stock awards granted to employees

The following table summarizes activity of restricted stock awards granted to employees at December 29, 2012 and changes during the twelve 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 December 29, 2012     500,000     $ 0.69  
                 
Expected to Vest as of December 29, 2012     500,000     $ 0.69  
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 year ended December 29, 2012.

 

Year Ended December 29, 2012   2012  
Expected Term     3.00  
Expected Volatility     69.98 %
Expected Dividends     0.00 %
Risk Free Rate of Return     0.39 %