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Stock Based Compensation (Tables)
6 Months Ended
Jun. 27, 2020
Share-based Payment Arrangement [Abstract]  
Stock Option Activity
Stock option activity for 2020 is summarized in the following table:
Shares 
subject to
option
Weighted
average 
exercise price
per share
Aggregate intrinsic value (in millions)
Outstanding at December 28, 20193,340,739  $56.28  
Granted1,000,000  2.61  
Expired / Forfeited(91,484) 45.98  
Outstanding at June 27, 20204,249,255  $43.87  $—  
Exercisable at June 27, 20202,875,945  $57.82  $—  
Time Vested, Performance Vested and Market Vested Share Awards Activity
The Company also has time-vested, performance-vested and market-vested share awards. The activity for such awards in 2020 is summarized in the following table:
Shares
outstanding
Weighted 
average grant date 
fair value
December 28, 2019528,289  $28.82  
Time-vested shares granted2,709,286  4.34  
Market-vested shares granted1,715,566  1.70  
Performance shares granted743,770  3.01  
Performance share adjustments(610,188) 2.38  
Vested(68,937) 23.10  
Forfeited(634,490) 12.92  
June 27, 20204,383,296  $4.77  
Schedule of Compensation Expense
Stock-based compensation for the second quarter ended June 27, 2020 and June 29, 2019 were as follows:
Second QuarterYear-to-Date
(In millions)2020201920202019
Stock options$0.2  $0.6  $0.5  $1.2  
Time, performance and market vested share awards1.4  2.0  3.3  3.3