Share-Based Compensation

9 Months Ended

Sep. 28, 2012

Share-Based Compensation

10. Share-Based Compensation

The table below summarizes activities relating to restricted stock units issued and outstanding under the 2010 Incentive Award Plan during the nine months ended September 28, 2012:

	Restricted Stock Units (In thousands)			Weighted Average Grant Date Fair Value
Unvested at December 31, 2011		741		$	10.94
Granted		317			11.42
Vested		(162	)		11.54
Forfeited		(5	)		9.62
Unvested at September 28, 2012		891		$	11.01
Expected to vest as of September 28, 2012		880

The total fair value of restricted stock units that vested during the nine months ended September 28, 2012 was $1.9 million based on the market price of the underlying stock on the day of vesting.

The Company recognized share-based compensation expense, including expense associated with fully vested deferred stock units granted during the period, totaling $1.2 million and $0.8 million during the three months ended September 28, 2012 and September 30, 2011, respectively, and $3.5 million and $2.5 million during the nine months ended September 28, 2012 and September 30, 2011, respectively. Share-based compensation expense is primarily included in selling, general, and administrative expense in the Company’s consolidated statements of operations and as an increase to additional paid-in capital on the Company’s consolidated balance sheets. With the exception of the fully vested, non-forfeitable deferred stock units granted, the Company generally recognizes share-based compensation expense on a straight-line basis over the requisite service period, typically three years, net of estimated forfeitures. The forfeiture rate is determined based on anticipated forfeitures and actual experience.