XML 43 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share-based Compensation (Tables)
9 Months Ended
Sep. 29, 2017
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

 

 

Nine Months Ended

 

 

September 29,

 

 

September 30,

 

 

September 29,

 

 

September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Selling, general and administrative

$

1,336

 

 

$

914

 

 

$

3,911

 

 

$

3,112

 

Research and development and engineering

 

59

 

 

 

18

 

 

 

156

 

 

 

82

 

Cost of revenue

 

41

 

 

 

56

 

 

 

156

 

 

 

191

 

Total share-based compensation expense

$

1,436

 

 

$

988

 

 

$

4,223

 

 

$

3,385

 

 

Fair Value of TSR Performance-Based Restricted Stock Units Estimated Using Monte-Carol Valuation Model

The fair value of the TSR-PSUs at the date of grant was estimated using the Monte-Carlo valuation model with the following assumptions:

 

Nine Months Ended September 29, 2017

 

Grant-date stock price

$

24.30

 

Expected volatility

 

28.6

%

Risk-free interest rate

 

1.44

%

Expected annual dividend yield

 

 

Weighted average fair value

$

33.31

 

 

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 nine months ended September 29, 2017:

 

 

Shares

(In thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Unvested at December 31, 2016

 

635

 

 

$

13.97

 

Granted

 

242

 

 

$

25.04

 

Vested

 

(206

)

 

$

14.09

 

Forfeited

 

(25

)

 

$

16.33

 

Unvested at September 29, 2017

 

646

 

 

$

17.99

 

Expected to vest as of September 29, 2017

 

616

 

 

 

 

 

 

Performance-Based Awards Issued and Outstanding

The table below summarizes the activities relating to the performance-based awards issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the nine months ended September 29, 2017:

 

 

Shares

(In thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Unvested at December 31, 2016

 

29

 

 

$

14.13

 

Granted

 

60

 

 

$

28.80

 

Vested

 

 

 

$

 

Forfeited

 

 

 

$

 

Unvested at September 29, 2017

 

89

 

 

$

24.00