Stock-Based Compensation (Notes)

9 Months Ended

Oct. 02, 2016

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

Stock-based compensation expense was $0.5 million and $0.4 million in the three months ended October 2, 2016 and September 27, 2015, respectively, and $1.6 million and $1.1 million in the nine months ended October 2, 2016 and September 27, 2015, respectively.

A summary of all non-vested shares activity for the nine months ended October 2, 2016 was as follows:



	Shares		Weighted Average Grant Date Price
Non-vested at January 3, 2016	468,770		$	7.40
Granted	327,140		12.28
Vested	(215,509	)	6.72
Non-vested at October 2, 2016	580,401		$	10.40

The fair value of non-vested shares is based on the closing price on the date of grant. As of October 2, 2016, the total unrecognized stock-based compensation expense was approximately $4.9 million, which the Company expects to recognize over a remaining weighted average vesting period for non-vested shares of 2.9 years. The Company expects to record an additional $0.4 million in stock-based compensation expense for the remainder of 2016.

- 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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