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Stock-Based Compensation (Tables)

9 Months Ended

Oct. 01, 2011

Summary of recognized stock-based compensation expense

The following table summarizes stock-based compensation expense recognized (in thousands):

	Fiscal quarters ended				Nine fiscal months ended
	October 1, 2011		October 2, 2010		October 1, 2011			October 2, 2010

Stock options	$	14	$	168	$	(111	)	$	522
Restricted stock units		1,356		512		5,995			1,324
Phantom stock units		-		-		222			175
Total	$	1,370	$	680	$	6,106		$	2,021

Schedule of unrecognized compensation cost, nonvested awards

The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at October 1, 2011 (dollars in thousands, amortization periods in years):




	Unrecognized Compensation Cost		Weighted Average Remaining Amortization Periods

Stock options	$	120		1.3
Restricted stock units		5,162		1.7
Phantom stock units		-		0.0
Total	$	5,282

Schedule of share based compensation, stock options, activity

Option activity under the stock option plans as of October 1, 2011 and changes during the nine fiscal months then ended are presented below (number of options in thousands, contractual life in years):





	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
Outstanding:
January 1, 2011		1,254		$	15.04
Granted		-			-
Exercised		(651	)		14.87
Cancelled or forfeited		(219	)		14.92
Outstanding at October 1, 2011		384		$	15.40		2.07

Vested and expected to vest
at October 1, 2011		384		$	15.40		2.07
Exercisable at October 1, 2011		323		$	15.33		1.99

Schedule of share-based compensation, restricted stock units award activity

RSU activity under the 2007 Program as of October 1, 2011 and changes during the nine fiscal months then ended are presented below (number of RSUs in thousands):

	Number of RSUs			Weighted Average grant date fair value per unit
Outstanding:
January 1, 2011		634		$	9.61
Granted		423			16.57
Vested*		(145	)		11.20
Cancelled or forfeited		-			-
Outstanding at October 1, 2011		912		$	12.59

Expected to vest at October 1, 2011		912

Schedule of share-based compensation arrangement by share-based units, vested and expected to vest

The Company recognizes compensation cost for RSUs that are expected to vest. The Company expects all performance-based vesting criteria to be achieved. RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands):

		Vesting Date		Number of RSUs
		January 1, 2013		324
		January 1, 2014		233

Phantom stock unit activity

Phantom stock units activity under the 2007 Program as of October 1, 2011 and changes during the nine fiscal months then ended are presented below (number of phantom stock units in thousands):

	Number of units			Grant date fair value per unit
Outstanding:
January 1, 2011		116
Granted		15		$	14.78
Redeemed for common stock		(44	)
Outstanding at October 1, 2011		87