Stock-Based Compensation

3 Months Ended

Apr. 03, 2015

7.Stock-Based Compensation

The Company issues both restricted share and option awards to employees and non-employee directors. Restricted share awards to employees cliff vest on the third anniversary of the grant date, while option share awards vest annually in 25% increments over four years from the grant date. Stock option grant date fair values are determined at the date of grant using a Monte Carlo option valuation model with suboptimal exercise behavior. Changes in awards outstanding are summarized as follows:

	Restricted shares				Options
	Shares		Wtd Avg. Grant Price		Shares		Wtd Avg. Exercise Price		Aggregate Intrinsic Value
December 31, 2014	122		$	22.68	427		$	24.89	$	1,734
Granted	42		35.62		55		37.28		510
Vested or exercised	(25	)	24.16		(2	)	20.99		(38		)
Forfeited	—		—		—		—		—
April 3, 2015	139		$	26.33	480		$	26.32	$	9,710

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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