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SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables)

9 Months Ended

Jun. 27, 2020

Share-based Payment Arrangement [Abstract]

Company’s matching contributions to the Plan

The following table reflects the Company’s contributions to the Plan during the three and nine months ended June 27, 2020 and June 29, 2019:



	Three months ended				Nine months ended
(in thousands)	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Cash	$	410	$	428	$	1,119	$	1,291

Accumulated other comprehensive income reflected on the Consolidated Balance Sheets

The following table reflects accumulated other comprehensive loss reflected on the Consolidated Condensed Balance Sheets as of June 27, 2020 and September 28, 2019:



	As of
(in thousands)	June 27, 2020			September 28, 2019
Loss from foreign currency translation adjustments	$	(5,321	)	$	(7,745	)
Unrecognized actuarial loss on pension plan, net of tax	(1,669		)	(1,598		)
Unrealized loss on hedging	(284		)	(597		)
Accumulated other comprehensive loss	$	(7,274	)	$	(9,940	)

Restricted stock and common stock granted

The following table reflects Time-based RSUs, Relative TSR PSUs, Special/Growth PSUs and common stock granted during the three and nine months ended June 27, 2020 and June 29, 2019:



	Three months ended		Nine months ended
(shares in thousands)	June 27, 2020	June 29, 2019	June 27, 2020	June 29, 2019
Time-based RSUs	13	2	490	521
Relative TSR PSUs	5	1	163	166
Special/Growth PSUs	2	1	75	56
Common stock	9	10	26	28
Equity-based compensation in shares	29	14	754	771

Equity-based compensation expense

The following table reflects total equity-based compensation expense, which includes Time-based RSUs, Relative TSR PSUs, Special/Growth PSUs and common stock, included in the Consolidated Condensed Statements of Operations during the three and nine months ended June 27, 2020 and June 29, 2019:



	Three months ended				Nine months ended
(in thousands)	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Cost of sales	$	182	$	161	$	597	$	471
Selling, general and administrative	2,676		2,616		8,106		7,871
Research and development	867		820		2,353		2,430
Total equity-based compensation expense	$	3,725	$	3,597	$	11,056	$	10,772

The following table reflects equity-based compensation expense, by type of award, for the three and nine months ended June 27, 2020 and June 29, 2019:



	Three months ended				Nine months ended
(in thousands)	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Time-based RSUs	$	2,366	$	2,182	$	7,130	$	6,455
Relative TSR PSUs	908		1,020		2,210		3,213
Special/Growth PSUs	266		173		1,087		492
Common stock	185		222		629		612
Total equity-based compensation expense	$	3,725	$	3,597	$	11,056	$	10,772

- 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