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STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 29, 2012
STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION  
Schedule of weighted average fair value and underlying assumptions for stock appreciation rights

 

 

 

 

Year Ended

 

 

 

December 29,

 

December 31,

 

January 1,

 

 

 

2012

 

2011

 

2011

 

Fair value

 

$

7.91

 

$

7.75

 

$

5.44

 

Expected annual volatility

 

57.51

%

54.08

%

50.31

%

Risk-free interest rate

 

0.78

%

1.59

%

2.27

%

Expected term (years)

 

4.4

 

4.5

 

4.5

 

Annualized expected dividend yield

 

 

 

 

Schedule of total stock-based compensation expense included in the Company's consolidated statements of operations and comprehensive income (loss)

 

 

 

 

Year Ended

 

 

 

December 29,

 

December 31,

 

January 1,

 

(In thousands)

 

2012

 

2011

 

2011

 

Cost of sales

 

$

693

 

$

488

 

$

392

 

Selling, general and administrative expenses

 

6,740

 

5,029

 

3,896

 

Research and development expense

 

936

 

684

 

560

 

 

 

$

8,369

 

$

6,201

 

$

4,848

 

Summary of stock option activity

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Average

 

Aggregate

 

 

 

Number of

 

Average

 

Remaining

 

Intrinsic

 

 

 

Options

 

Exercise

 

Contractual

 

Value

 

 

 

(In thousands)

 

Price

 

Life (Years)

 

(In thousands)

 

Outstanding at December 31, 2011

 

1,338

 

$

13.75

 

 

 

 

 

Exercised

 

(247

)

$

11.58

 

 

 

 

 

Expired (cancelled post-vesting)

 

(81

)

$

22.69

 

 

 

 

 

Outstanding at December 29, 2012

 

1,010

 

$

13.56

 

1.2

 

$

509

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 29, 2012

 

1,010

 

$

13.56

 

1.2

 

$

509

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 29, 2012

 

1,010

 

$

13.56

 

1.2

 

$

509

 

Summary of Company's stock appreciation rights activity

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Average

 

Aggregate

 

 

 

Number of

 

Average

 

Remaining

 

Intrinsic

 

 

 

Shares

 

Exercise

 

Contractual

 

Value

 

 

 

(In thousands)

 

Price

 

Life (Years)

 

(In thousands)

 

Outstanding at December 31, 2011

 

1,290

 

$

8.71

 

 

 

 

 

Granted

 

431

 

$

17.10

 

 

 

 

 

Exercised

 

(130

)

$

5.29

 

 

 

 

 

Forfeited (cancelled pre-vesting)

 

(32

)

$

16.03

 

 

 

 

 

Expired (cancelled post-vesting)

 

(9

)

$

11.51

 

 

 

 

 

Outstanding at December 29, 2012

 

1,550

 

$

11.16

 

4.6

 

$

5,561

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 29, 2012

 

1,398

 

$

10.60

 

4.5

 

$

5,547

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 29, 2012

 

872

 

$

7.11

 

3.6

 

$

5,501

 

Summary of Company's restricted stock unit activity

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

Average

 

 

 

Shares

 

Grant Date

 

 

 

(In thousands)

 

Fair Value

 

Outstanding at December 31, 2011

 

883

 

$

11.10

 

Granted

 

495

 

$

17.11

 

Vested

 

(560

)

$

8.86

 

Forfeited

 

(33

)

$

16.00

 

Outstanding at December 29, 2012

 

785

 

$

16.28