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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 28, 2013
Postemployment Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost of Swiss Plan

Net periodic benefit cost of the Swiss Plan was as follows:

 

(in thousands)

   2013  

Service cost

   $ 841  

Interest cost

     398  

Expected return on assets

     (267
  

 

 

 

Net periodic costs

   $ 972  
  

 

 

Schedule of Benefit Obligation, Fair Value of Plan Assets, Funded Status and Liability of Swiss Plan

The following table sets forth the projected benefit obligation, the fair value of plan assets, the funded status and the liability we have recorded in our consolidated balance sheet related to the Swiss Plan:

 

(in thousands)

   2013  

Change in projected benefit obligation:

  

Benefit obligation at December 31, 2012

   $ (23,541

Service cost

     (841

Interest cost

     (398

Actuarial gain

     1,538  

Participant contributions

     (751

Benefits paid

     704  

Foreign currency exchange adjustment

     (561
  

 

 

 

Benefit obligation at end of year

     (23,850

Change in plan assets:

  

Fair value of plan assets at December 31, 2012

     15,236  

  Return on assets, net of actuarial loss

     (338

Employer contributions

     751  

Participant contributions

     751  

Benefits paid

     (704

Foreign currency exchange adjustment

     387  
  

 

 

 

Fair value of plan assets at end of year

     16,083  
  

 

 

 

Net liability at December 28, 2013

   $ (7,767
  

 

 

Schedule of Weighted-Average Actuarial Assumptions to Determine Benefit Obligation and Net Periodic Benefit Cost

Weighted-average actuarial assumptions used to determine the benefit obligation under the Swiss Plan are as follows:

 

      2013  

Discount rate

     2.3

Compensation increase

     2.0

Weighted-average assumptions used to determine net periodic benefit cost of the Swiss Plan are as follows:

 

      2013  

Discount rate

     1.8

Rate of return on Assets

     1.8

Compensation increase

     2.0
Schedule of Post-Retirement Benefit Obligation to Funded Status and Liability

The following table sets forth the post-retirement benefit obligation, funded status and the liability we have recorded in our consolidated balance sheets:

 

(in thousands)

   2013     2012  

Accumulated benefit obligation at beginning of year

   $ 2,366     $ 2,909  

Service cost

     15       16  

Interest cost

     86       120  

Actuarial gain

     (386     (617

Benefits paid

     (60     (62
  

 

 

   

 

 

 

Accumulated benefit obligation at end of year

     2,021       2,366  

Plan assets at end of year

            
  

 

 

   

 

 

 

Funded status

   $ (2,021   $ (2,366
  

 

 

   

 

 

Schedule of Stock Option Activity under Share-Based Compensation Plans

Stock option activity under our share-based compensation plans was as follows:

 

     2013      2012      2011  

(in thousands, except per share data)

   Shares     Wt. Avg.
Ex. Price
     Shares     Wt. Avg.
Ex. Price
     Shares     Wt. Avg.
Ex. Price
 

Outstanding, beginning of year

     3,113     $ 12.62        3,112     $ 13.01        3,210     $ 12.89  

Granted

     470     $ 9.83        437     $ 10.50        157     $ 13.33  

Exercised

     (117   $ 7.55        (73   $ 8.26        (123   $ 9.03  

Canceled

     (380   $ 16.37        (363   $ 14.29        (132   $ 14.24  
  

 

 

      

 

 

      

 

 

   

Outstanding, end of year

     3,086     $ 11.93        3,113     $ 12.62        3,112     $ 13.01  
  

 

 

      

 

 

      

 

 

   

Options exercisable at year end

     2,195     $ 12.46        2,209     $ 13.52        2,112     $ 14.44  
Schedule of Stock Options Outstanding and Exercisable

Information about stock options outstanding at December 28, 2013 is as follows (options in thousands):

 

     Options Outstanding      Options Exercisable  

Range of

Exercise Prices

   Number
Outstanding
     Approximate
Wt. Avg.
Remaining
Life (Years)
     Wt. Avg.
Ex. Price
     Number
Exercisable
     Wt. Avg.
Ex. Price
 
              

$  7.32 - $ 10.98

     1,666        7.1      $ 8.82        889      $ 7.73  

$10.99 - $ 16.49

     1,081        4.2      $ 14.96        967      $ 15.05  

$16.50 - $ 24.74

     334        1.2      $ 17.37        334      $ 17.37  

$24.75 - $ 37.13

     5        1.6      $ 25.70        5      $ 25.70  
  

 

 

          

 

 

    
     3,086        5.4      $ 11.93        2,195      $ 12.46  
  

 

 

          

 

 

    
Schedule of Restricted Stock Unit Activity under Share-Based Compensation Plans

Restricted stock unit activity under our share-based compensation plans was as follows:

 

     2013      2012      2011  

(in thousands, except per share data)

   Units     Wt. Avg.
Fair Value
     Units     Wt. Avg.
Fair Value
     Units     Wt. Avg.
Fair Value
 

Outstanding, beginning of year

     615     $ 10.54        299     $ 12.98        373     $ 13.35  

Granted

     531     $ 8.80        462     $ 9.57        75     $ 13.00  

Released

     (223   $ 10.86        (108   $ 13.27        (139   $ 13.91  

Canceled

     (36   $ 9.86        (38   $ 13.92        (10   $ 13.41  
  

 

 

      

 

 

      

 

 

   

Outstanding, end of year

     887     $ 9.46        615     $ 10.54        299     $ 12.98  
  

 

 

      

 

 

      

 

 

 
Schedule of Performance Based Stock Unit Activity under Share-Based Compensation Plans

Performance based stock unit activity under our share-based compensation plans was as follows:

 

     2013      2012  

(in thousands, except per share data)

   Units     Wt. Avg.
Fair Value
     Units     Wt. Avg.
Fair Value
 

Outstanding, beginning of year

     122     $ 9.89               

Granted

     158     $ 9.03        129     $ 9.89  

Released

     (26   $ 9.89               

Canceled

     (16   $ 9.89        (7   $ 9.89  
  

 

 

      

 

 

   

Outstanding, end of year

     238     $ 9.32        122     $ 9.89  
  

 

 

      

 

 

   
Schedule of Weighted Average Assumptions to Value Share-Based Awards Granted

The following weighted average assumptions were used to value share-based awards granted:

 

Employee Stock Purchase Plan

   2013   2012   2011

Dividend yield

   2.6%   2.4%   1.9%

Expected volatility

   38.4%   43.6%   42.4%

Risk-free interest rate

   0.1%   0.1%   0.1%

Expected term of options

   0.5 years   0.5 years   0.5 years

Weighted-average grant date fair value per share

   $2.32   $2.78   $3.77

 

Employee Stock Options

   2013   2012   2011

Dividend yield

   2.6%   2.1%   2.0%

Expected volatility

   44.9%   46.3%   45.8%

Risk-free interest rate

   1.1%   1.2%   1.9%

Expected term of options

   6.4 years   6.25 years   6.0 years

Weighted-average grant date fair value per share

   $3.37   $3.87   $5.06

Restricted Stock Units

   2013   2012   2011

Dividend yield

   2.5%   2.3%   1.8%

Performance Stock Units

   2013   2012    

Dividend yield

   2.5%   2.3%  
Schedule of Reported Share-Based Compensation in Consolidated Financial Statements

Reported share-based compensation is classified in the consolidated financial statements as follows:

 

(in thousands)

   2013      2012      2011  

Cost of sales

   $ 390      $ 417      $ 420  

Research and development

     1,698        1,364        1,356  

Selling, general and administrative

     3,380        2,840        2,511  
  

 

 

    

 

 

    

 

 

 

Total share-based compensation

     5,468        4,621        4,287  

Income tax benefit

                    
  

 

 

    

 

 

    

 

 

 

Total share-based compensation, net of tax

   $ 5,468      $ 4,621      $ 4,287