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Share-Based Compensation
6 Months Ended
Jun. 28, 2013
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 six months ended June 28, 2013:

 

     Restricted
Stock Units
(In thousands)
    Weighted
Average Grant
Date Fair Value
 

Unvested at December 31, 2012

     804      $ 10.90   

Granted

     397      $ 9.68   

Vested

     (221   $ 11.66   

Forfeited

     (23   $ 10.92   
  

 

 

   

Unvested at June 28, 2013

     957      $ 10.21   
  

 

 

   

Expected to vest as of June 28, 2013

     938     
  

 

 

   

The total fair value of restricted stock units that vested during the six months ended June 28, 2013 was $2.1 million based on the market price of the underlying stock on the day of vesting.

Share-Based Compensation Expense

The table below summarizes share-based compensation expense recorded in the consolidated statements of operations under the 2010 Incentive Award Plan (in thousands):

 

     Three Months Ended      Six Months Ended  
     June 28,
2013
     June 29,
2012
     June 28,
2013
     June 29,
2012
 

Selling, general and administrative

   $ 1,246       $ 989       $ 2,729       $ 2,240   

Research and development and engineering

     47         31         81         49   

Cost of sales

     31         21         58         34   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,324       $ 1,041       $ 2,868       $ 2,323   
  

 

 

    

 

 

    

 

 

    

 

 

 

The expense recorded during each of the six months ended June 28, 2013 and June 29, 2012 includes $0.5 million related to deferred stock units granted to the members of the Company’s Board of Directors, pursuant to the Company’s 2010 Incentive Award Plan. The expense associated with the respective deferred stock units was recognized in full on the respective date of grant, as the deferred stock units were fully vested and nonforfeitable on the date of grant.