XML 68 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock options outstanding
Stock Options
A summary of the Company’s outstanding stock options as of and for the years ended 2014, 2013 and 2012 is as follows:

 
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(In Years)
 
Aggregate
Intrinsic
Value (1)
(in thousands)
Outstanding as of the year ended 2011
 
4,192,980

 
$
10.21

 
2.5
 
$

Granted                                                       
 

 

 
 
 
 
Exercised                                                       
 

 

 
 
 
$

Forfeited/expired                                               
 
(1,966,980
)
 
13.00

 
 
 
 
Outstanding as of the year ended 2012
 
2,226,000

 
$
7.75

 
2.7
 
$

Granted                                                       
 
189,500

 
2.00

 
 
 
 
Exercised                                                       
 
(20,000
)
 
2.00

 
 
 
$
22

Forfeited/expired                                               
 
(617,500
)
 
13.43

 
 
 
 
Outstanding as of the year ended 2013
 
1,778,000

 
$
5.23

 
2.4
 
$
259

Granted                                                       
 

 

 
 
 
 
Exercised                                                       
 
(10,000
)
 
2.00

 
 
 
$

Forfeited/expired                                               
 
(97,500
)
 
6.35

 
 
 
 
Outstanding as of the year ended 2014
 
1,670,500

 
$
5.18

 
1.4
 
$
29

Exercisable as of the year ended 2014
 
1,458,375

 
$
5.41

 
1.1
 
$

__________________________
(1)
Intrinsic value for purposes of this table represents the amount by which the fair value of the underlying stock, based on the respective market prices as of the years ended 2014, 2013 and 2012, or, if exercised, the exercise dates, exceeds the exercise prices of the respective options.
Schedule of stock option fair value assumptions
The weighted average grant date fair value of stock options granted during 2013, were at exercise prices equal to the market price of the stock on the grant dates, as calculated under the Black-Scholes model with the weighted average assumptions as follows:
 
 
2013
Weighted average fair value of option grants during the year
 
$
1.01

Assumptions:
 
 
Expected option life in years                                                                                     
 
4.25

Risk-free interest rate                                                                                     
 
0.50
%
Expected volatility                                                                                     
 
65.7
%
Expected dividend yield                                                                                     
 
0.0
%
Schedule of nonvested restricted share unit activity
RSUs
A summary of the Company’s non-vested restricted share units ("RSUs") as of and for the years ended 2014, 2013 and 2012 is as follows:

 
 
RSUs
 
Weighted Average
Grant Date
Fair Value
Unvested as of the year ended 2011
 
1,754,834

 
$
6.46

Granted                                               
 
136,840

 
1.90

Vested                                               
 
(795,459
)
 
7.02

Forfeited                                               
 
(21,875
)
 
7.32

Unvested as of the year ended 2012
 
1,074,340

 
$
5.44

Granted                                               
 
549,500

 
2.00

Vested                                               
 
(629,340
)
 
4.88

Forfeited                                               
 
(13,750
)
 
2.99

Unvested as of the year ended 2013
 
980,750

 
$
3.91

Granted                                               
 
88,236

 
3.06

Vested                                               
 
(555,500
)
 
4.40

Forfeited                                               
 
(625
)
 
5.62

Unvested as of the year ended 2014
 
512,861

 
$
3.22