Stock-Based Compensation (Notes)

3 Months Ended

Mar. 30, 2014

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

Stock-based compensation expense in each of the three months ended March 30, 2014 and March 31, 2013 was $0.3 million. As of March 30, 2014, the total unrecognized stock-based compensation expense relating to non-vested shares was approximately $2.4 million, which the Company expects to recognize over a remaining weighted average vesting period for non-vested shares of 2.3 years. The Company expects to record an additional $0.9 million as compensation expense for the remainder of 2014.

A summary of all non-vested shares activity for the three months ended March 30, 2014 was as follows:



	Shares		Weighted Average Grant Date Price
Non-vested at December 29, 2013	662,923		$	7.35
Vested	(126,895	)	10.77
Forfeited	(347	)	10.34
Non-vested at March 30, 2014	535,681		$	6.54

The fair value of the non-vested shares is based on the closing price on the date of grant, a Level 1 input.

- 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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