Stock-Based Compensation (Tables)

9 Months Ended

Sep. 26, 2015

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

Stock Options

A summary of the Company’s outstanding stock options as of and for the nine months ended September 26, 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	685,500		2.38
Exercised	—		—			$	—
Forfeited/expired	(786,000	)	4.36
Outstanding at September 26, 2015	1,570,000		$	4.34	3.2	$	—
Exercisable at September 26, 2015	822,250		$	6.16	1.2	$	—

Schedule of stock option fair value assumptions

The weighted average grant date fair value of stock options granted during the nine months ended September 26, 2015, 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:



Weighted average fair value of option grants during the year	$	0.86
Assumptions:
Expected option life in years	4.25
Risk-free interest rate	1.24		%
Expected volatility	43.0		%
Expected dividend yield	0.0		%

Schedule of nonvested restricted share units

RSUs

A summary of the Company’s non-vested restricted share units ("RSUs") as of and for the nine months ended September 26, 2015, is as follows:



	RSUs		Weighted Average Grant Date Fair Value
Unvested at December 27, 2014	512,861		$	3.22
Granted	695,944		2.38
Vested	(326,861	)	3.92
Forfeited	(26,250	)	2.25
Unvested at September 26, 2015	855,694		$	2.30

Schedule of nonvested performance share units

PSUs

A summary of the Company's non-vested performance share units ("PSUs") as of and for the nine months ended September 26, 2015 is as follows:



	PSUs		Weighted Average Grant Date Fair Value
Unvested at December 27, 2014	—		$	—
Granted	590,000		2.38
Vested	—		—
Forfeited	(25,000	)	—
Unvested at September 26, 2015	565,000		$	2.38