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Share-Based Compensation
9 Months Ended
Sep. 27, 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 nine months ended September 27, 2013:

 

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

Unvested at December 31, 2012

     804      $ 10.90   

Granted

     424      $ 9.61   

Vested

     (250   $ 11.54   

Forfeited

     (23   $ 10.92   
  

 

 

   

Unvested at September 27, 2013

     955      $ 10.16   
  

 

 

   

Expected to vest as of September 27, 2013

     938     
  

 

 

   

The total fair value of restricted stock units that vested during the nine months ended September 27, 2013 was $2.4 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      Nine Months Ended  
     September 27,
2013
     September 28,
2012
     September 27,
2013
     September 28,
2012
 

Selling, general and administrative

   $ 1,264       $ 1,102       $ 3,993       $ 3,342   

Research and development and engineering

     48         31         129         80   

Cost of sales

     32         23         90         57   

Restructuring and other

     —           51         —           51   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,344       $ 1,207       $ 4,212       $ 3,530   
  

 

 

    

 

 

    

 

 

    

 

 

 

The expense recorded during the nine months ended September 27, 2013 and September 28, 2012 includes $0.5 million and $0.6 million, respectively, 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.