Stock-Based Compensation

9 Months Ended

Sep. 30, 2014

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

Stock-Based Compensation

Stock-Based Compensation

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				Three Fiscal Quarters Ended
	September 30, 2014		October 1, 2013		September 30, 2014		October 1, 2013
Outstanding, beginning of period	3,324,822		3,474,398		3,309,872		2,973,168
Granted (1)	22,000		—		253,552		538,273
Exercised	37,313		—		230,551		—
Forfeited	1,401		1,961		24,765		39,004
Outstanding, end of period	3,308,108		3,472,437		3,308,108		3,472,437
Weighted average fair market value on option grant date	$	7.47	N/A		$	10.63	$	5.81
Stock based compensation expense	$	368	$	131	$	1,025	$	4,065
Capitalized stock based compensation expense	$	25	$	15	$	54	$	56

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(1) The stock options granted in the first three quarters of 2013 included 403,900 options awarded to two executive officers of which 50% vested at the time of the IPO and the remaining vest annually in equal installments over four years on the anniversary of the grant.