Stock-Based Compensation (Notes)

3 Months Ended

Mar. 31, 2019

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

Stock-based compensation expense for the three months ended March 31, 2019 and April 1, 2018 was $1.5 million and $1.6 million, respectively. On January 15, 2019, the Company granted 417,500 non-vested restricted shares to certain employees and officers of the Company and 47,470 non-vested restricted shares to outside directors of the Company. These shares vest, become non-forfeitable and are being expensed over their three-year vesting period.

A summary of all non-vested shares activity for the three months ended March 31, 2019 was as follows:



	Shares		Weighted Average Grant Date Price
Non-vested at December 30, 2018	796,476		$	13.12
Granted	468,199		$	9.48
Vested	(371,824	)	$	12.68
Non-vested at March 31, 2019	892,851		$	11.40

The fair value of non-vested shares is based on the closing price on the date of grant. As of March 31, 2019, the total non-vested unrecognized stock-based compensation expense was approximately $9.0 million and the remaining weighted average vesting period for non-vested shares was 2.1 years. The Company expects to record an additional $4.2 million in stock-based compensation expense related to the vesting of these awards for the remainder of 2019.