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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 01, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of stock based compensation expense

The stock-based compensation expense included in the Company's consolidated financial statements for the three and six-months ended July 1, 2018 and July 2, 2017 was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 1,

2018

 

 

July 2,

2017

 

 

July 1,

2018

 

 

July 2,

2017

 

Cost of revenue

 

$

35

 

 

$

20

 

 

$

69

 

 

$

53

 

Research and development

 

 

207

 

 

 

134

 

 

 

390

 

 

 

273

 

Selling, general and administrative

 

 

237

 

 

 

193

 

 

 

452

 

 

 

339

 

Total costs and expenses

 

$

479

 

 

$

347

 

 

$

911

 

 

$

665

 

 

Summary of the activity in the shares available for grant under the 2009 plan

The following table summarizes the activity in the shares available for grant under the 2009 Plan during the six months ended July 1, 2018:

 

 

 

Shares

Available for Grant

 

 

 

(in thousands)

 

Balance at December 31, 2017

 

 

3,899

 

Authorized

 

 

4,000

 

RSUs granted

 

 

(1,229

)

RSUs forfeited or expired

 

 

136

 

Options forfeited

 

 

50

 

Balance at July 1, 2018

 

 

6,856

 

 

Summary of stock options outstanding and stock option activity under the 1999 plan and the 2009 plan, and the related weighted average exercise price

The following table summarizes stock options outstanding and stock option activity under the 2009 Plan, and the related weighted average exercise price, for the first six months of 2018:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Term

 

 

Aggregate

Intrinsic

Value

 

 

 

(in thousands)

 

 

 

 

 

 

(in years)

 

 

(in thousands)

 

Balance outstanding at December 31, 2017

 

 

3,558

 

 

$

2.09

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(50

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance outstanding at July 1, 2018

 

 

3,508

 

 

$

2.08

 

 

 

3.89

 

 

$

285

 

Exercisable at July 1, 2018

 

 

3,066

 

 

$

2.24

 

 

 

3.29

 

 

$

167

 

Vested and expected to vest at July 1, 2018

 

 

3,430

 

 

$

2.11

 

 

 

3.80

 

 

$

263

 

 

Summary of activity for RSUs and PRSUs

A summary of activity for the Company's RSUs for the six months ended July 1, 2018 and information regarding RSUs outstanding and expected to vest as of July 1, 2018 is as follows:

 

 

 

RSUs & PRSUs Outstanding

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

 

 

(in thousands)

 

 

 

 

 

Nonvested at December 31, 2017

 

 

2,363

 

 

$

1.54

 

Granted

 

 

1,229

 

 

 

1.55

 

Vested

 

 

(365

)

 

 

1.39

 

Forfeited

 

 

(136

)

 

 

 

Nonvested at July 1, 2018

 

 

3,091

 

 

$

1.56

 

 

Summary of the fair value of rights issued pursuant to ESPP

The fair value of rights issued pursuant to the Company's 2009 ESPP was estimated on the commencement date of each offering period using the following weighted average assumptions:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 1,

2018

 

 

July 2,

2017

 

 

July 1,

2018

 

 

July 2,

2017

 

Expected term (months)

 

 

6.00

 

 

 

6.0

 

 

 

6.00

 

 

 

6.00

 

Risk-free interest rate

 

 

2.09

%

 

 

1.02

%

 

 

2.09

%

 

 

1.02

%

Volatility

 

 

44.76

%

 

 

49.71

%

 

 

44.76

%

 

 

49.71

%

Dividend yield