Subsequent events

6 Months Ended

Jun. 27, 2014

Subsequent events [Abstract]

Subsequent events

(14) Subsequent events

On July 14, 2014, we announced that Ralph E. Faison resigned from our Board of Directors and as our Chief Executive Officer and President.  In connection with his termination of employment on July 14, 2014, Mr. Faison is entitled to an aggregate severance payment of $2.6 million payable in equal installments over a twenty-four month period, subject to Section 409A of the Internal Revenue Code of 1986.  Mr. Faison will also receive full vesting in respect of 271,083 restricted stock units and 93,645 stock options that we previously granted to him.  Our Board of Directors has named Alan H. Benjamin, Chief Operating Officer, as interim Chief Executive Officer, and John E. Major, lead independent member of our Board of Directors, as interim Chairman of the Board.  We are undertaking a search for a permanent Chief Executive Officer.