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COMMON STOCK AND STOCK PLANS (Tables)
12 Months Ended
Dec. 29, 2013
COMMON STOCK AND STOCK PLANS  
Summary of the restricted stock units ("RSUs") activity

 

 
  RSUs   Weighted
Average Grant
Date Fair
Value
 

Nonvested — December 26, 2010

    845,000   $ 3.42  

Granted

    740,000   $ 4.08  

Forfeited

    (140,000 ) $ 3.70  
             

Nonvested — December 25, 2011

    1,445,000   $ 3.73  

Granted

    1,082,000   $ 2.59  

Vested

    (765,000 ) $ 3.42  

Forfeited

    (660,000 ) $ 3.48  
             

Nonvested — December 30, 2012

    1,102,000   $ 2.98  

Granted

    483,150   $ 2.46  

Vested

    (320,000 ) $ 4.08  

Forfeited

    (33,500 ) $ 2.48  
             

Nonvested — December 29, 2013

    1,231,650   $ 2.50  
             
             
Summary of the stock appreciation rights ("SARs") activity

 

 
  Options/
SARs
  Weighted
Average
Exercise Price
  Aggregate
Intrinsic Value
(in thousands)
 

Outstanding December 26, 2010

    6,632,200   $ 26.82   $ 6,060  

Granted

    1,078,500   $ 4.08        

Exercised

    (152,750 ) $ 1.73   $ 382  

Forfeited

    (132,250 ) $ 3.99        

Expired

    (702,450 ) $ 47.86        
                   

Outstanding December 25, 2011

    6,723,250   $ 22.01   $ 874  

Granted

    1,017,500   $ 2.76        

Exercised

    (27,250 ) $ 1.70   $ 33  

Forfeited

    (1,217,750 ) $ 54.52        

Expired

    (301,250 ) $ 48.33        
                   

Outstanding December 30, 2012

    6,194,500   $ 11.45   $ 1,846  

Granted

    775,000   $ 2.46        

Exercised

    (545,750 ) $ 1.72   $ 847  

Forfeited

    (58,500 ) $ 3.30        

Expired

    (254,750 ) $ 48.97        
                   

Outstanding December 29, 2013

    6,110,500   $ 9.69   $ 2,384  
                   
                   

Vested and Expected to Vest December 29, 2013

    5,955,143   $ 9.87   $ 2,281  
                   
                   

Options exercisable:

                   

December 25, 2011

    4,082,500         $ 397  

December 30, 2012

    3,826,250         $ 1,335  

December 29, 2013

    3,983,875         $ 1,306  
Summary of information about stock options and SARs outstanding in the stock plans

The following tables summarize information about stock options and SARs outstanding in the stock plans at December 29, 2013:

 
Range of Exercise
Prices
  Options/SARs
Outstanding
  Average
Remaining
Contractual
Life
  Weighted
Average
Exercise Price
  Options/SARs
Exercisable
  Weighted
Average
Exercise Price
 
    $1.50 – $9.07     4,407,250     6.79   $ 2.99     2,280,625   $ 3.00  
    $9.73 – $35.94     1,106,750     2.86   $ 13.19     1,106,750   $ 13.19  
  $40.95 – $73.36     596,500     1.84   $ 52.66     596,500   $ 52.66  
                               
 
 

Total

    6,110,500     5.59   $ 9.69     3,983,875   $ 13.27  
                               
 
 
                               
Schedule of weighted average assumptions used to estimate the fair value of SARs granted

 

 
  2013   2012   2011  

Expected life in years

    4.51     6.52     6.16  

Dividend yield

    NIL     NIL     NIL  

Volatility

    1.08     0.90     0.87  

Risk-free interest rate

    0.76 %   1.22 %   2.53 %

Weighted average exercise price of options/SARs granted

  $ 2.46   $ 2.76   $ 4.08  

Weighted average fair value of options/SARs granted

  $ 1.85   $ 2.09   $ 3.03  
Summary of stock-based compensation expense

 

 
  Years Ended  
(in thousands)
  December 29,
2013
  December 30,
2012
  December 25,
2011
 

Stock-based compensation expense

  $ 3,523   $ 3,523   $ 5,174