Share-Based Compensation

9 Months Ended

Oct. 02, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

10. Share-Based Compensation

The table below summarizes activities relating to restricted stock units issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the nine months ended October 2, 2015:

	Restricted Stock Units (In thousands)			Weighted Average Grant Date Fair Value
Unvested at December 31, 2014		749		$	10.80
Granted		305		$	13.34
Vested		(311	)	$	11.01
Forfeited		(42	)	$	11.03
Unvested at October 2, 2015		701		$	11.80
Expected to vest as of October 2, 2015		685

The total fair value of restricted stock units that vested during the nine months ended October 2, 2015, based on the market price of the underlying stock on the date of vesting, was $3.9 million.

The table below summarizes share-based compensation expense recorded in income from continuing operations in the consolidated statements of operations (in thousands):

	Three Months Ended				Nine Months Ended
	October 2, 2015		September 26, 2014		October 2, 2015			September 26, 2014
Selling, general and administrative	$	849	$	886	$	3,165		$	3,156
Research and development and engineering		42		49		122			144
Cost of revenue		70		43		207			112
Restructuring, acquisition and divestiture related costs		—		268		(321	)		572
Total share-based compensation expense	$	961	$	1,246	$	3,173		$	3,984

The expense recorded during each of the nine-month periods ended October 2, 2015 and September 26, 2014, respectively, included $0.5 million related to deferred stock units granted to the members of the Company’s Board of Directors, pursuant to the Company’s Amended and Restated 2010 Incentive Plan. The expense associated with the respective deferred stock units was recognized in full on the date of grant, as the deferred stock units were fully vested and non-forfeitable upon grant.

In March 2014, the Company granted restricted stock units in an aggregate of 180,000 shares as employment inducement awards related to an acquisition. These restricted stock units are performance based awards and would vest after two years if certain financial targets and service conditions have been achieved. During the nine months ended October 2, 2015, these financial targets were no longer deemed probable and the cumulative expense was reversed.