Stock-Based Compensation

3 Months Ended

Mar. 28, 2015

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

Total stock-based compensation expense recognized in selling, general and administrative expenses in the Company’s statements of operations was $0.1 million and $0.8 million for the three months ended March 28, 2015, and March 29, 2014, respectively.

As of March 28, 2015, there was approximately $0.6 million of total unrecognized compensation cost related to unvested stock-based compensation grants, which is expected to be amortized over a weighted average period of 2.0 years.

Stock Options

A summary of the Company’s outstanding stock options as of and for the three months ended March 28, 2015, is as follows:



	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 27, 2014	1,670,500		$	5.18	1.4	$	29
Granted	—		—
Exercised	—		—			$	—
Forfeited/expired	(100,000	)	5.20
Outstanding at March 28, 2015	1,570,500		$	5.18	1.2	$	16
Exercisable at March 28, 2015	1,450,875		$	5.44	1.0	$	4

RSUs

A summary of the Company’s non-vested restricted share units ("RSUs") as of and for the three months ended March 28, 2015, is as follows:



	RSUs		Weighted Average Grant Date Fair Value
Non-vested at December 27, 2014	512,861		$	3.22
Granted	—		—
Vested	(147,500	)	5.62
Forfeited	—		—
Non-vested at March 28, 2015	365,361		$	2.26

The total fair value of RSUs which vested during the three months ended March 28, 2015, was $0.3 million.

- 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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