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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation
    
On April 27, 2017, the Company's shareholders approved the 2017 Long-Term Equity Incentive Plan, which authorizes the issuance of up to 400,000 shares of the Company’s common stock. Any unused shares previously authorized under prior plans that have not been issued were not carried forward into the 2017 Long-Term Equity Incentive Plan.

Total stock-based compensation expense recognized in selling, general and administrative expenses in the Company’s statements of operations was $0.2 million for each of the three months ended September 30, 2017, and October 1, 2016, and $0.6 million and $1.2 million for the nine months ended September 30, 2017, and October 1, 2016, respectively.
 
As of September 30, 2017, there was approximately $1.0 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 1.5 years.

Stock Options

A summary of the Company’s outstanding stock options as of and for the nine months ended September 30, 2017, is as follows:
 
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(In Years)
 
Aggregate
Intrinsic
Value (in thousands)
Outstanding at December 31, 2016
 
129,365

 
$
26.31

 
2.9
 
$
—

Granted                                                       
 
—

 
—

 
 
 
 
Exercised                                                       
 
—

 
—

 
 
 
$
—

Forfeited/expired                                               
 
(49,994
)
 
38.73

 
 
 
 
Outstanding at September 30, 2017
 
79,371

 
$
7.08

 
3.3
 
$
—

Exercisable at September 30, 2017
 
47,508

 
$
7.23

 
3.0
 
$
—



RSUs

A summary of the Company’s non-vested RSUs as of and for the nine months ended September 30, 2017, is as follows:

 
 
RSUs
 
Weighted Average
Grant Date
Fair Value
Unvested at December 31, 2016
 
82,964

 
$
16.28

Granted                                               
 
45,608

 
5.92

Vested                                               
 
(46,962
)
 
14.21

Forfeited                                               
 
(2,578
)
 
18.30

Unvested at September 30, 2017
 
79,032

 
$
11.47


    
The total fair value of RSUs which vested during the three and nine months ended September 30, 2017, was $0.1 million and $0.3 million, respectively.

On July 27, 2017, a total of 45,608 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 date of issuance.