Share-Based Compensation (Tables)

6 Months Ended

Jul. 01, 2016

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Share-Based Compensation Expense Recorded In Income from Continuing Operations in Statements of Operations

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					Six Months Ended
	July 1, 2016		July 3, 2015			July 1, 2016		July 3, 2015
Selling, general and administrative	$	955	$	832		$	2,198	$	2,316
Research and development and engineering		39		31			64		80
Cost of revenue		61		73			135		137
Restructuring, acquisition and divestiture related costs		—		(277	)		—		(321	)
Total share-based compensation expense	$	1,055	$	659		$	2,397	$	2,212

Estimated Fair Value of Stock Options Using the Black-Scholes Valuation Model

The fair value of stock options granted during the six months ended July 1, 2016 was estimated as of the grant date using the Black-Scholes valuation model with the following assumptions:

	Six Months Ended July 1, 2016
Expected option term in years (1)		6.0
Expected volatility (2)		33.8	%
Risk-free interest rate (3)		1.6	%
Expected annual dividend yield (4)		—

(1) The expected option term was calculated using the simplified method provided by Codification of Staff Accounting Bulletin Topic 14: “Share-Based Payment”.

(2) The expected volatility was determined based on the historical volatility of the Company’s common stock over the expected option term.

(3) Risk-free interest rate was based upon treasury instrument whose term was one year longer than the expected option term.

(4) The expected annual dividend yield is zero, as the Company does not have plans to issue dividends.

2010 Incentive Award Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Restricted Stock Issued and Outstanding

The table below summarizes activities relating to RSUs and DSUs issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended July 1, 2016:

	Shares (In thousands)			Weighted Average Grant Date Fair Value
Unvested at December 31, 2015		619		$	12.32
Granted		319		$	13.27
Vested		(316	)	$	11.98
Forfeited		(20	)	$	11.87
Unvested at July 1, 2016		602		$	13.02
Expected to vest as of July 1, 2016		577

Performance Stock Units Issued and Outstanding

The table below summarizes activities relating to PSUs issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended July 1, 2016:

	Shares (In thousands)		Weighted Average Grant Date Fair Value
Unvested at December 31, 2015		—	$	—
Granted		46	$	14.13
Vested		—	$	—
Forfeited		—	$	—
Unvested at July 1, 2016		46	$	14.13
Expected to vest as of July 1, 2016		46

Stock Options Issued and Outstanding

The table below summarizes activities relating to stock options issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended July 1, 2016:

	Shares (In thousands)		Weighted Average Exercise Price
Outstanding as of December 31, 2015		—	$	—
Granted		193	$	14.13
Exercised		—	$	—
Forfeited or expired		—	$	—
Outstanding as of July 1, 2016		193	$	14.13
Exercisable as of July 1, 2016		—
Expected to vest as of July 1, 2016		193