Stock-Based Compensation (Notes)

6 Months Ended

Jun. 30, 2019

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

Stock-based compensation expense for the three months ended June 30, 2019 and July 1, 2018 was $1.3 million and $1.4 million, respectively and for the six months ended June 30, 2019 and July 1, 2018 was $2.8 million and $3.0 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 six months ended June 30, 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	(374,302	)	$	12.66
Non-vested at June 30, 2019	890,373		$	11.40

The fair value of non-vested shares is based on the closing price on the date of grant. As of June 30, 2019, the total non-vested unrecognized stock-based compensation expense was approximately $7.6 million and the remaining weighted average vesting period for non-vested shares was 1.9 years. The Company expects to record an additional $2.8 million in stock-based compensation expense related to the vesting of these awards for the remainder of 2019.