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STOCK PLANS (Tables)
 3 Months Ended
Mar. 27, 2016
STOCK PLANS  
Summary of the restricted stock units ("RSUs") activity

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average Grant

 

 

 

 

Date Fair

 

    

 

    

Value

Nonvested — December 27, 2015

 
1,538,800

 

$
2.98

Granted

 
1,234,200

 

$
1.06

Vested

 
(651,300)

 

$
3.09

Forfeited

 
(12,400)

 

$
2.60

Nonvested — March 27, 2016

 
2,109,300

 

$
1.83

 

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

The following table summarizes the stock appreciation rights (“SARs”) activity during the three months ended March 27, 2016: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Weighted

    

Aggregate

 

 

 

 

 

Average

 

Intrinsic Value

 

 

    

SARs

    

Exercise Price

    

(in thousands)

 

Outstanding December 27, 2015

 
3,201,250

 

$
7.35

 

$

 —

 

Forfeited

 
(500)

 

$
2.76

 

 

 

 

Expired

 
(78,750)

 

$
8.56

 

 

 

 

Outstanding March 27, 2016

 
3,122,000

 

$
7.32

 

$

 —

 

 

Summary of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 27,

 

March 29,

 

(in thousands)

 

2016

 

2015

 

Stock-based compensation expense

    

$
1,374

 

$
1,714