Stock-Based Compensation

3 Months Ended

Mar. 29, 2014

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

We compensate officers, directors and key employees with stock-based compensation under two stock plans approved by our shareholders in 2004 and 2010 and administered under the supervision of our Board. Compensation expense, net of estimated forfeitures, is recognized ratably over the vesting period.

Stock-based compensation (benefit) expense for the three months ended March 29, 2014 and March 30, 2013, was as follows (in thousands):



	Three Months Ended
	March 29, 2014			March 30, 2013
Options	$	235		$	545
Restricted shares	(343		)	(113		)
Total stock-based compensation (benefit) expense⁽¹⁾	(108		)	432
Income tax expense (benefit)	37			(148		)
Total stock-based compensation (benefit) expense, net of tax	$	(71	)	$	284

⁽¹⁾ The three months ended March 29, 2014 includes a $1.2 million benefit related to a change in estimated forfeitures due to employee turnover during the quarter. The three months ended March 30, 2013 includes $0.4 million of CEO transition benefit.

- 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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