Stock Based Compensation

9 Months Ended

Sep. 28, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Based Compensation

7. Stock Based Compensation

During the nine months ended September 28, 2018, the Company issued 398,174 restricted stock units at a weighted average grant-date fair value of $16.30 per share. As of September 28, 2018, the Company had 1,178,222 restricted stock units outstanding at a weighted average grant-date fair value of $15.19 per share. As of September 28, 2018, $9.6 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 2.3 years.

As of September 28, 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 September 28, 2018, $2.7 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 2.3 years.

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