Stock-Based Compensation

3 Months Ended

Apr. 01, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The Company's Stock Incentive Plan, as amended and restated in May of 2013, authorizes the grant of nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units and incentive bonuses to employees, officers, non-employee directors and other service providers. The number of shares of common stock available for issuance pursuant to awards granted under the Stock Incentive Plan on or after the closing of the IPO shall not exceed 3,750,500.

The following table presents information related to the Stock Incentive Plan (in thousands, except for share and per share amounts):



	Fiscal Quarter Ended
	April 1, 2014		April 2, 2013
Outstanding, beginning of period	3,309,872		2,973,168
Granted	—		—
Exercised	142,249		—
Canceled	9,709		27,782
Outstanding, end of period	3,157,914		2,945,386
Weighted average fair market value on option grant date	N/A		N/A
Stock based compensation expense	$	140	$	363
Capitalized stock based compensation expense	$	18	$	26

Stock-based compensation expense includes $21,000 related to the Employee Stock Purchase Plan in the first quarter of 2014. No stock based compensation expense was recognized in the first quarter of 2013 related to the Employee Stock Purchase Plan. Stock-based compensation expense is included in general and administrative expense on the consolidated statements of income.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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