Stock-based compensation (Tables)

12 Months Ended

Dec. 28, 2012

We have an incentive compensation plan for our employees and outside directors. One component of this plan is restricted stock units, which grants the recipient the right of ownership of our common stock, generally conditional on continued service for a specified period. Another component is stock options. The following table presents the stock-based compensation expense included in the Consolidated Statements of Operations for the years ended December 28, 2012, December 30, 2011 and December 31, 2010 (in thousands):

	2012		2011		2010
Restricted stock	$	957	$	1,054	$	1,833
Stock options		932		769		13
Income tax benefit		--		--		(646	)
Total after-tax stock-based compensation expense		1,889		1,823		1,200

Total stock-based compensation included in:
Selling, general and admistrative expenses		1,889		1,639		1,846
Severance, impairment and other associated costs		--		184		--

Summary of restricted stock activity

A summary of our restricted stock activity for the years ended December 28, 2012, December 30, 2011, and December 31, 2010, is as follows (in thousands, except per share data):

	2012					2011					2010
	Shares			Weighted Average Stock Grant Price (Per Share)		Shares			Weighted Average Stock Grant Price (Per Share)		Shares			Weighted Average Stock Grant Price (Per Share)
Opening nonvested restricted stock and units		580		$	3.97		420		$	6.69		330		$	11.92
Granted		589			1.12		369			3.47		238			3.76
Vested		(103	)		1.36		(112	)		11.77		(123	)		15.03
Forfeited/canceled		(31	)		1.06		(97	)		4.87		(25	)		5.80
Ending nonvested restricted stock and units		1,035		$	2.69		580		$	3.97		420		$	6.69

Summary of stock options activity

A summary of our stock option activity for the years ended December 28, 2012, December 30, 2011, and December 31, 2010, respectively, is as follows (in thousands, except per share data):

	2012							2011							2010
	Shares			Weighted Average Option Grant Price (Per Share)		Aggregate Intrinsic Value		Shares			Weighted Average Option Grant Price (Per Share)		Aggregate Intrinsic Value		Shares			Weighted Average Option Grant Price (Per Share)		Aggregate Intrinsic Value
Opening stock options outstanding		1,252		$	4.64				157		$	7.41				82		$	17.53
Granted		43			0.73				1,269			4.66				480			4.97
Exercised		--			--				(1	)		3.72				--			--
Forfeited/canceled		(22	)		4.83				(173	)		7.25				(405	)		6.58
Ending stock options outstanding		1,273			4.51		--		1,252			4.64		20		157			7.41		--
Ending stock options exercisable		240		$	4.37		--		16		$	4.75		--		38		$	16.55		--

Weighted average assumptions based on date of grant

The weighted-average fair value of all stock options issued during 2012 was calculated as $0.73 per share on the date of grant using the Black-Scholes option-pricing model. The weighted-average assumptions of our stock options issued during 2012, 2011 and 2010 based on the date of grant are as follows:

	2012			2011			2010
Dividend yield		1.4	%		1.4	%		2.0	%
Volatility		80.4	%		80.4	%		76.6	%
Risk-free interest rate		1.7	%		1.7	%		2.1	%
Expected life (years)		4.8			4.8			4.8