Stock-Based Compensation

6 Months Ended

Jul. 03, 2015

Stock-Based Compensation

Stock-Based Compensation

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 unvested awards 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	53		36.23		56		37.30			107
Vested or exercised	(45	)	22.87		(8	)	20.91			(139		)
Forfeited	—		—		(2	)	(20.18		)	(89		)
July 3, 2015	130		$	28.17	473		$	26.44		$	6,047