Stock Based Compensation

6 Months Ended

Jun. 29, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Based Compensation

7. Stock Based Compensation

During the six months ended June 29, 2018, the Company issued 390,354 restricted stock units at a weighted average grant-date fair value of $16.29 per share. As of June 29, 2018, the Company had 1,192,781 restricted stock units outstanding at a weighted average grant-date fair value of $15.11 per share. As of June 29, 2018, $11.4 million of total restricted stock unit compensation expense related to unvested awards had not been recognized and is expected to be recognized over a weighted average period of approximately 2.5 years.

As of June 29, 2018, the Company had 289,507 shares of common stock subject to vesting requirements outstanding at a weighted average grant-date fair value of $16.03 per share. As of June 29, 2018, $3.2 million of compensation expense related to common stock subject to vesting requirements had not been recognized and is expected to be recognized over a weighted average period of approximately 2.4 years.

Forfeitures for all of the Company’s outstanding equity are recognized as incurred.