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Stock-Based Compensation
3 Months Ended
Mar. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
STOCK-BASED COMPENSATION
At March 29, 2017, options to purchase 2,191,728 shares of common stock were outstanding, including 1,746,501 vested and 445,227 unvested. Unvested options vest over time. However, upon a change in control, the board may accelerate vesting. At March 29, 2017, 1,569,436 premium options, options granted above the stock price at date of grant, remained outstanding. No stock options were exercised in the thirteen weeks ended March 29, 2017 and March 30, 2016No stock options were granted in the thirteen weeks ended March 29, 2017 and March 30, 2016.
At March 29, 2017, there were 30,185 unvested restricted shares outstanding. Restricted shares vest over time.
At March 29, 2017, we had total unrecognized compensation expense of $1.1 million, related to unvested stock options and restricted shares, which we expect to recognize over a weighted-average period of 2.8 years.
Total stock-based compensation expense was $0.1 million for the thirteen weeks ended March 29, 2017 and less than $0.1 million for the thirteen weeks ended March 30, 2016.