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Stock-Based Compensation
 6 Months Ended
Jul. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation

Total stock-based compensation expense recognized in selling, general and administrative expenses in the Company’s statements of operations was $0.4 million and $0.3 million for the three months ended July 2, 2016, and June 27, 2015, respectively, and $1.0 million and $0.4 million for the six months ended July 2, 2016 and June 27, 2015, respectively.
 
As of July 2, 2016, there was approximately $1.6 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 2.6 years.

Stock Options
A summary of the Company’s outstanding stock options as of and for the six months ended July 2, 2016, is as follows:
 
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(In Years)
 
Aggregate
Intrinsic
Value (in thousands)
Outstanding at January 2, 2016
 
190,250

 
$
34.56

 
3.0
 
$
—

Granted                                                       
 
—

 
—

 
 
 
 
Exercised                                                       
 
—

 
—

 
 
 
$
—

Forfeited/expired                                               
 
(48,250
)
 
53.55

 
 
 
 
Outstanding at July 2, 2016
 
142,000

 
$
28.11

 
3.2
 
$
—

Exercisable at July 2, 2016
 
79,063

 
$
35.49

 
2.0
 
$
—


RSUs
A summary of the Company’s non-vested RSUs as of and for the six months ended July 2, 2016, is as follows:

 
 
RSUs
 
Weighted Average
Grant Date
Fair Value
Unvested at January 2, 2016
 
105,087

 
$
18.43

Granted                                               
 
—

 
—

Vested                                               
 
(41,274
)
 
18.29

Forfeited                                               
 
—

 
—

Unvested at July 2, 2016
 
63,813

 
$
18.52



The total fair value of RSUs which vested during the three and six months ended July 2, 2016, was $0.3 million.
On July 28, 2016, a total of 20,961 RSUs, which vest one year from the date of issuance, were issued to the independent members of the Company's Board of Directors. The fair value of these awards was determined based on the Company's stock price on the dates of issuance.

PSUs
    
A summary of the Company's non-vested PSUs as of and for the six months ended July 2, 2016 is as follows:

 
 
PSUs
 
Weighted Average
Grant Date
Fair Value
Unvested at January 2, 2016
 
70,625

 
$
19.04

Granted                                               
 
—

 
—

Vested                                               
 
(70,625
)
 
19.04

Forfeited                                               
 
—

 
—

Unvested at July 2, 2016
 
—

 
$
—