Stock-Based Compensation (Notes)

9 Months Ended

Sep. 28, 2014

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

Stock-based compensation expense in each of the three months ended September 28, 2014 and September 29, 2013 was $0.3 million and in each of the nine months ended September 28, 2014 and September 29, 2013 was $0.9 million. As of September 28, 2014, the total unrecognized stock-based compensation expense relating to non-vested shares was approximately $1.9 million, which the Company expects to recognize over a remaining weighted average vesting period for non-vested shares of 1.9 years. The Company expects to record an additional $0.3 million as compensation expense for the remainder of 2014.

A summary of all non-vested shares activity for the nine months ended September 28, 2014 was as follows:



	Shares		Weighted Average Grant Date Price
Non-vested at December 29, 2013	662,923		$	7.35
Granted	14,048		7.12
Vested	(275,726	)	8.29
Forfeited	(2,540	)	10.13
Nonvested at September 28, 2014	398,705		$	6.67

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.

+ References+ Details