XML 61 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock-Based Compensation
9 Months Ended
Mar. 29, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation
A summary of stock-based compensation expense, by functional line item in the condensed consolidated statements of operations is as follows: 
 
Three Months Ended
 
Nine Months Ended
 
March 29, 2015
 
March 30, 2014
 
March 29, 2015
 
March 30, 2014
 
(in thousands)
Cost of goods sold
$
233

 
$
233

 
$
421

 
$
469

Engineering and development
1,770

 
1,243

 
4,656

 
4,279

Sales and marketing
1,184

 
962

 
3,412

 
3,038

General and administrative
1,377

 
1,472

 
2,630

 
4,440

 
$
4,564

 
$
3,910

 
$
11,119

 
$
12,226



A summary of stock option activity for the nine months ended March 29, 2015 is as follows:
 
Options
 
Weighted
Average Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic Value
 
 
 
 
 
(in years)
 
(in millions)
Options outstanding at June 29, 2014
2,811,919

 
$
9.95

 
2.47
 
$
0.2

Options granted
255,505

 
$
5.18

 
 
 
 
Options exercised
(124,144
)
 
$
6.09

 
 
 
 
Options expired
(919,489
)
 
$
12.55

 
 
 
 
Options forfeited
(88,029
)
 
$
6.99

 
 
 
 
Options outstanding at March 29, 2015
1,935,762

 
$
8.47

 
3.02
 
$
1.9

Options vested and expected to vest at March 29, 2015
1,872,804

 
$
8.57

 
2.94
 
$
1.8

Options exercisable at March 29, 2015
1,231,264

 
$
10.08

 
1.75
 
$
0.3


A summary of outstanding and unvested stock awards activity for nine months ended March 29, 2015 is as follows: 
 
Number of
Awards
 
Weighted Average
Grant Date Fair
Value
Awards outstanding at June 29, 2014
3,599,134

 
$
7.29

Awards granted
1,576,656

 
$
5.47

Awards vested
(1,654,705
)
 
$
7.41

Awards canceled / forfeited
(472,819
)
 
$
7.14

Awards outstanding at March 29, 2015
3,048,266

 
$
6.31

Awards vested and expected to vest at March 29, 2015
2,671,559

 
 

A summary of Cash-Settled Unit Award activity for the nine months ended March 29, 2015 is as follows:
 
Number
of Awards
 
Weighted Average
Grant Date Fair
Value
Awards outstanding at June 29, 2014
322,870

 
$
7.25

Awards granted
1,139,063

 
$
5.30

Awards vested
(106,512
)
 
$
7.55

Awards canceled / forfeited
(133,667
)
 
$
6.82

Awards outstanding at March 29, 2015
1,221,754

 
$
5.45

Awards vested and expected to vest at March 29, 2015
1,084,566

 
 

As of March 29, 2015, the liability related to Cash-Settled Unit Awards was approximately $2.5 million.
As of March 29, 2015, there was approximately $16.5 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the plans. Such cost is expected to be recognized over a weighted-average period of approximately 1.4 years.