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STOCK PLANS (Tables)
3 Months Ended
Mar. 31, 2013
STOCK PLANS  
Summary of the restricted stock units ("RSUs") activity

 

 

RSUs

 

Weighted Average
Grant Date Fair Value

 

Nonvested - December 30, 2012

 

1,102,000

 

$2.98

 

Granted

 

472,650

 

$2.46

 

Vested

 

(320,000)

 

$4.08

 

Forfeited

 

(2,100)

 

$2.46

 

Nonvested - March 31, 2013

 

1,252,550

 

$2.50

 

Summary of the stock appreciation rights ("SARs") activity

 

 

 

 

Weighted

 

Aggregate

 

 

 

 

 

Average

 

Intrinsic

 

 

 

Options/

 

Exercise

 

Value

 

 

 

SARs

 

Price

 

(in thousands)

 

Outstanding December 30, 2012

 

6,194,500

 

$11.45

 

$1,846

 

Granted

 

775,000

 

$2.46

 

 

 

Exercised

 

(387,000)

 

$1.71

 

$658

 

Forfeited

 

(11,000)

 

$3.17

 

 

 

Expired

 

(60,000)

 

$41.33

 

 

 

Outstanding March 31, 2013

 

6,511,500

 

$10.69

 

$1,522

 

Schedule of weighted average assumptions used to estimate the fair value of SARs granted

 

 

Quarter Ended

 

 

 

March 31,

 

 

 

2013

 

Expected life in years

 

4.51

 

Dividend yield

 

NIL

 

Volatility

 

1.08

 

Risk-free interest rate

 

0.76%

 

Weighted average exercise price of SARs granted

 

$

2.46

 

Weighted average fair value of SARs granted

 

$

1.85

 

Summary of stock-based compensation expense

 

 

Three Months Ended

 

 

 

March 31,

 

March 25,

 

(in thousands)

 

2013

 

2012

 

Stock-based compensation expense

 

$

1,129

 

$

938