Stock-Based Compensation

6 Months Ended

Jun. 28, 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 expense consisted of the following (in thousands):



	Three Months Ended						Six Months Ended
	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Options	$	694		$	732		$	929		$	1,277
Restricted shares	1,449			828			1,106			715
Total stock-based compensation expense⁽¹⁾	2,143			1,560			2,035			1,992
Income tax benefit	(722		)	(537		)	(696		)	(685		)
Total stock-based compensation expense, net of tax	$	1,421		$	1,023		$	1,339		$	1,307

⁽¹⁾ The six months ended June 28, 2014 includes a $1.2 million benefit related to a change in estimated forfeitures due to employee turnover during the three months ended March 29, 2014.

- 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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