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Share-Based Compensation (Tables)
12 Months Ended
Dec. 28, 2013
Share-Based Compensation  
Schedule of weighted average assumptions used to estimate the fair market value of the stock options at the date of grant

 

 

 
  2013   2011  

Risk-free interest rate

    1.4 %   1.0 %

Expected volatility

    47 %   54 %

Weighted average expected life (in years)

    5.00     5.00  

Expected dividends

         
Schedule of rollforward of the maximum number of shares issuable under the 2006 Incentive Plan

The following is a rollforward of the maximum number of shares issuable under the 2006 Incentive Plan as of December 28, 2013:

 
  Actual
Shares
  Shares Using
Fungibility Ratio
 

Maximum shares of common stock issuable under the 2006 Incentive Plan

          4,874,000  

Restricted shares or units granted/reserved through March 12, 2008

    471,827     (849,289 )

Restricted shares or units granted/reserved from March 12, 2008 to April 29, 2010

    352,932     (776,450 )

Restricted shares or units granted/reserved on or after April 30, 2010

    1,196,776     (2,190,100 )

Cancellation of restricted shares or units through March 12, 2008

    91,277     164,299  

Cancellation of restricted shares or units from March 12, 2008 to April 29, 2010

    91,964     202,321  

Cancellation of restricted shares or units on or after April 30, 2010

    302,374     553,345  

Options granted

          (916,118 )

Options cancelled

          183,208  

Options forfeited

          10,000  
             

Shares available for grant under the 2006 Incentive Plan

          1,255,216  
             
             
Summary of option activity

 

 

 
  Options   Weighted
Average
Exercise
Price
  Weighted Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 
 
   
   
   
  (in thousands)
 

Outstanding at December 29, 2012

    1,169,478   $ 32.33              

Fiscal 2013:

                         

Granted

    262,463     18.48              

Exercised

    (13,389 )   15.44              

Forfeited

    (126,203 )   24.84              
                         

Outstanding at December 28, 2013

    1,292,349     30.43     3.38   $ 585  
                         
                         

Options exercisable at December 28, 2013

    890,671   $ 35.28     2.15   $  
                         
                         
Summary of options outstanding and options exercisable

The following table summarizes stock options outstanding and stock options exercisable as of December 28, 2013:

 
  Options Outstanding   Options Exercisable  
Range of Exercise Prices
  Number
Outstanding at
December 28,
2013
  Weighted-Average
Remaining
Contractual
Life (years)
  Weighted-Average
Exercise
Price
  Number
Exercisable
at December 28,
2013
  Weighted-Average
Exercise
Price
 

$18.48

    262,463     6.90   $ 18.48       $  

$18.49 - 22.81

    350,385     4.39   $ 21.67     217,170   $ 21.62  

$22.82 - 29.07

    116,062     2.53   $ 25.05     110,062   $ 25.05  

$29.08 - 32.09

    53,502     0.35   $ 32.00     53,502   $ 32.00  

$32.10 - 32.26

    148,623     0.37   $ 32.26     148,623   $ 32.26  

$32.27 - 48.85

    70,250     1.41   $ 39.65     70,250   $ 39.65  

$48.86 - 50.00

    150,000     2.52   $ 50.00     150,000   $ 50.00  

$50.01 - 53.72

    141,064     1.20   $ 50.87     141,064   $ 50.87  
                       

Total

    1,292,349     3.38   $ 30.43     890,671   $ 35.28  
                       
                       
Summary of non-vested stock options

The following table summarizes the status of CRA's non-vested stock options since December 29, 2012:

 
  Non-vested Options  
 
  Number of
Shares
  Weighted-Average
Fair Value
 

Non-vested at December 29, 2012

    301,576   $ 8.89  

Granted

    262,463     7.77  

Vested

    (148,616 )   8.82  

Forfeited

    (13,745 )   9.70  
           

Non-vested at December 28, 2013

    401,678   $ 8.16  
           
           
Summary of non-vested restricted stock and time-vesting restricted stock unit awards

The following table summarizes the status of CRA's non-vested restricted stock and time-vesting restricted stock unit awards since December 29, 2012:

 
  Non-vested
Restricted Stock and Stock
Units
 
 
  Number of
Shares
  Weighted-Average
Fair Value
 

Non-vested at December 29, 2012

    299,133   $ 22.49  

Granted

    155,403     18.50  

Vested

    (134,384 )   22.73  

Forfeited

    (11,114 )   22.14  
           

Non-vested at December 28, 2013

    309,038   $ 20.39