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Stock-Based Compensation (Tables)

6 Months Ended

Jul. 01, 2017

Summary of recognized stock-based compensation expense

The following table summarizes stock-based compensation expense recognized:

	Fiscal quarters ended				Six fiscal months ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016

Restricted stock units	$	676	$	1,085	$	2,880		2,169
Phantom stock units		-		-		163		117
Stock options		-		-		-		-
Total	$	676	$	1,085	$	3,043		2,286

Schedule of unrecognized compensation cost, nonvested awards

The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at July 1, 2017 (amortization periods in years):

	Unrecognized Compensation Cost		Weighted Average Remaining Amortization Periods

Restricted stock units	$	4,251		1.5
Phantom stock units		-		0.0
Stock options		-		0.0
Total	$	4,251

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

RSU activity under the 2007 Program as of July 1, 2017 and changes during the six 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, 2017		1,004		$	12.74
Granted		304			15.52
Vested*		(322	)		13.54
Cancelled or forfeited		-			-
Outstanding at July 1, 2017		986		$	13.34

Expected to vest at July 1, 2017		986

* The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.

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

The number of performance-based RSUs that are scheduled to vest increases ratably based on the achievement of defined performance criteria between the established target and maximum levels. RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands):

Vesting Date	Expected to Vest		Not Expected to Vest		Total
January 1, 2018		202		-		202
January 1, 2019		213		-		213
January 1, 2020		167		-		167

Schedule of share-based compensation, phantom stock units, Activity

Phantom stock unit activity under the phantom stock plan as of July 1, 2017 and changes during the six 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, 2017		145
Granted		10	$	16.25
Dividend equivalents issued		1
Outstanding at July 1, 2017		156