XML 45 R32.htm IDEA: XBRL DOCUMENT v3.19.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 29, 2018
Equity [Abstract]  
Share Activity and Total Number of Share Available for Grant

The following table represents the shares activity and the total number of shares available for grant under the Incentive Plan:

 

 

 

 

Shares

Available

for Grant

 

Balances as of December 31, 2016

 

 

 

162,155

 

Additional shares reserved

 

 

 

650,000

 

Options granted

 

 

 

(524,400

)

Restricted stock granted

 

 

 

(212,538

)

Options cancelled

 

 

 

73,694

 

Awards cancelled

 

 

 

48,059

 

Balances as of December 30, 2017

 

 

 

196,970

 

Additional shares reserved

 

 

 

1,000,000

 

Options granted

 

 

 

(178,435

)

Restricted stock granted

 

 

 

(628,125

)

Options cancelled

 

 

 

166,798

 

Awards cancelled

 

 

 

143,754

 

Balances as of December 29, 2018

 

 

 

700,962

 

Stock-Based Compensation Expenses

The following table shows stock-based compensation expenses by functional area in the consolidated statements of operations for 2018 and 2017(in thousands):

 

 

 

FY 2018

 

 

FY 2017

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 29, 2018

 

 

December 30, 2017

 

Cost of revenues

 

$

47

 

 

$

152

 

Research and development

 

 

129

 

 

 

354

 

Sales and marketing

 

 

448

 

 

 

307

 

General and administrative

 

 

1,179

 

 

 

1,109

 

Total stock-based compensation expense

 

$

1,803

 

 

$

1,922

 

Summary of Activity in Stock Option Plan

Summary of Stock Options

The following table summarizes information regarding activity in our stock option plans during the fiscal years ended 2018 and 2017 (in thousands except share and per share data):

 

 

 

Outstanding Options

 

 

 

Number

of Shares

 

 

Weighted

Average

Exercise

Price

 

Balances as of December 31, 2016

 

 

470,985

 

 

 

8.69

 

Options granted

 

 

524,400

 

 

 

9.90

 

Options exercised

 

 

(64,380

)

 

 

5.86

 

Options cancelled or forfeited

 

 

(73,694

)

 

 

10.47

 

Balances as of December 30, 2017

 

 

857,311

 

 

$

9.49

 

Options granted

 

 

178,435

 

 

 

6.00

 

Options exercised

 

 

(24,050

)

 

 

4.09

 

Options cancelled or forfeited

 

 

(166,798

)

 

 

9.85

 

Balances as of December 29, 2018

 

 

844,898

 

 

$

8.84

 

 

Stock Options Outstanding and Exercisable

The following table summarizes information with respect to stock options outstanding and exercisable as of December 29, 2018:

 

 

 

Options Outstanding

 

 

Options Vested and Exercisable

 

Range of Exercise Prices

 

Number of

Shares

Outstanding

 

 

Weighted

Average

Remaining

Contractual

Life (years)

 

 

Weighted

Average

Exercise

Price

 

 

Number of

Shares

Exercisable

 

 

Weighted

Average

Exercise

Price

 

$3.49 - $5.69

 

 

99,341

 

 

 

4.77

 

 

$

5.03

 

 

 

37,966

 

 

$

4.37

 

$5.81 - $6.00

 

 

89,926

 

 

 

5.28

 

 

$

5.93

 

 

 

25,390

 

 

$

5.91

 

$6.30 - $8.47

 

 

85,912

 

 

 

3.85

 

 

$

7.24

 

 

 

50,582

 

 

$

7.23

 

$8.58 - $9.05

 

 

85,874

 

 

 

4.11

 

 

$

8.83

 

 

 

55,959

 

 

$

8.71

 

$9.34 - $9.40

 

 

11,875

 

 

 

1.40

 

 

$

9.36

 

 

 

11,875

 

 

$

9.36

 

$9.54 - $9.54

 

 

324,854

 

 

 

5.08

 

 

$

9.54

 

 

 

135,188

 

 

$

9.54

 

$10.14 - $11.16

 

 

83,853

 

 

 

3.81

 

 

$

10.80

 

 

 

65,004

 

 

$

10.75

 

$12.85 - $12.85

 

 

15,394

 

 

 

4.70

 

 

$

12.85

 

 

 

8,520

 

 

$

12.85

 

$14.61 - $14.61

 

 

25,000

 

 

 

5.19

 

 

$

14.61

 

 

 

10,939

 

 

$

14.61

 

$16.29 - $16.29

 

 

22,869

 

 

 

3.18

 

 

$

16.29

 

 

 

16,893

 

 

$

16.29

 

$3.49 - $16.29

 

 

844,898

 

 

 

4.61

 

 

$

8.84

 

 

 

418,316

 

 

$

9.12

 

Weighted Average Assumptions for Fair Value of Options Granted

The determination of the fair value of options granted is computed using the Black-Scholes option pricing model with the following weighted average assumptions:

 

 

 

Employee Stock Option Plan

 

 

 

FY 2018

 

 

FY 2017

 

Average risk free interest rate

 

 

2.69

%

 

 

1.83

%

Expected life (in years)

 

4.55 years

 

 

4.55 years

 

Dividend yield

 

 

 

 

 

 

Average volatility

 

 

40.9

%

 

 

41.8

%

 

Stock Options Outstanding, Exercisable and Expected to Vest

Information regarding stock options outstanding, exercisable and expected to vest as of December 29, 2018 is summarized below:

 

 

 

Number of

 

 

Weighted Average

 

 

Weighted

Average

Remaining

Contractual

 

 

Aggregate

Intrinsic

Value

 

 

 

Shares

 

 

Exercise Price

 

 

Life (years)

 

 

(thousands)

 

Options outstanding

 

 

844,898

 

 

$

8.84

 

 

 

4.61

 

 

$

12

 

Options vested and expected to vest

 

 

797,921

 

 

$

8.87

 

 

 

4.53

 

 

$

12

 

Options exercisable

 

 

418,316

 

 

$

9.12

 

 

 

3.38

 

 

$

12

 

 

Restricted Stock Units Outstanding, Vested and Expected to Vest

Information regarding the restricted stock units outstanding, vested and expected to vest as of December 29, 2018 is summarized below:

 

 

 

Number of

Shares

 

 

Weighted

Average

Remaining

Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value (thousands)

 

Restricted stock units outstanding

 

 

597,121

 

 

 

1.44

 

 

$

2,657

 

Restricted stock units vested and expected to vest

 

 

492,239

 

 

 

1.33

 

 

$

2,190

 

 

Restricted Stock Units and Awards

Information regarding the RSU activity during the years ended December 29, 2018 and December 30, 2017 is summarized below:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date Fair

Value

 

Outstanding as of December 31, 2016

 

 

335,805

 

 

$

11.20

 

Restricted stock units granted

 

 

137,391

 

 

$

9.88

 

Restricted stock units released

 

 

(80,009

)

 

$

12.37

 

Restricted stock units forfeited

 

 

(32,039

)

 

$

11.44

 

Outstanding as of December 30, 2017

 

 

361,148

 

 

$

10.42

 

Restricted stock units granted

 

 

418,750

 

 

$

7.79

 

Restricted stock units released

 

 

(86,941

)

 

$

7.38

 

Restricted stock units forfeited

 

 

(95,836

)

 

$

10.01

 

Outstanding as of December 29, 2018

 

 

597,121

 

 

$

9.08

 

Information regarding the restricted stock awards activity during the year ended December 29, 2018 and December 30, 2017 is summarized below:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date Fair

Value

 

Outstanding as of December 31, 2016

 

 

1,289

 

 

$

15.51

 

Restricted stock awards granted

 

 

4,301

 

 

$

9.30

 

Restricted stock awards released

 

 

(1,289

)

 

$

15.51

 

Outstanding as of December 30, 2017

 

 

4,301

 

 

$

9.30

 

Restricted stock awards granted

 

 

 

 

 

 

Restricted stock awards released

 

 

(4,301

)

 

$

9.30

 

Outstanding as of December 29, 2018