SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Mar. 29, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Company’s matching contributions to the Plan

The following table reflects the Company’s matching contributions to the Plan during the three and six months ended March 29, 2014 and March 30, 2013:



	Three months ended				Six months ended
(in thousands)	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
Cash	$	328	$	498	$	609	$	759

Accumulated other comprehensive income reflected on the Consolidated Balance Sheets

The following table reflects accumulated other comprehensive income reflected on the Consolidated Balance Sheets as of March 29, 2014 and September 28, 2013:



	As of
(in thousands)	March 29, 2014			September 28, 2013
Gain from foreign currency translation adjustments	$	3,868		$	4,182
Unrecognized actuarial gain, Switzerland pension plan, net of tax	(227		)	(227		)
Switzerland pension plan curtailment	(349		)	(337		)
Accumulated other comprehensive income	$	3,292		$	3,618

Restricted stock and common stock granted

The following table reflects restricted stock and common stock granted during the three and six months ended March 29, 2014 and March 30, 2013:



	Three months ended		Six months ended
(shares in thousands)	March 29, 2014	March 30, 2013	March 29, 2014	March 30, 2013
Market-based restricted stock	—	—	324	343
Time-based restricted stock	26	11	607	539
Performance-based restricted stock	—	—	—	57
Common stock	17	17	32	37
Equity-based compensation in shares	43	28	963	976

Equity-based compensation expense

The following table reflects total equity-based compensation expense, which includes restricted stock, stock options and common stock, included in the Consolidated Statements of Operations during the three and six months ended March 29, 2014 and March 30, 2013:



	Three months ended				Six months ended
(in thousands)	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
Cost of sales	$	82	$	74	$	187	$	222
Selling, general and administrative	2,126		1,924		4,742		4,250
Research and development	478		293		1,153		1,020
Total equity-based compensation expense	$	2,686	$	2,291	$	6,082	$	5,492

The following table reflects equity-based compensation expense, by type of award, for the three and six months ended March 29, 2014 and March 30, 2013:



	Three months ended				Six months ended
(in thousands)	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
Market-based restricted stock	$	1,170	$	908	$	2,642	$	2,133
Time-based restricted stock	1,270		1,136		2,975		2,868
Performance-based restricted stock	33		33		66		42
Stock options	3		4		9		29
Common stock	210		210		390		420
Total equity-based compensation expense	$	2,686	$	2,291	$	6,082	$	5,492

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

+ References+ Details