Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

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

Summary of Equity-Based Compensation Expense

The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to equity-based compensation plans:

	Three Months Ended					Nine Months Ended
	September 30,		September 27,			September 30,		September 27,
	2016		2015			2016		2015
Service-Based RSUs	$	523	$	295		$	1,471	$	1,244
Performance-Based RSUs	132		(62		)	107		709
Market-Based RSUs	137		60			181		702
Total	$	792	$	293		$	1,759	$	2,655
Income tax benefit	$	298	$	110		$	661	$	998

Schedule of Unrecognized Equity-Based Compensation Expense

The following table summarizes the unrecognized compensation expense related to non-vested RSUs by type and the weighted-average period in which the expense is to be recognized:

	Unrecognized
	compensation		Weighted-
	expense at		average
	September 30, 2016		period
Service-Based RSUs	$	1,532	1.3 years
Performance-Based RSUs	595		1.4 years
Market-Based RSUs	535		1.3 years
Total	$	2,662	1.3 years

Summary of Status of Equity-Based Compensation Plans

The following table summarizes the maximum number of awards available to be granted under these plans as of September 30, 2016:

	2014 Plan	2009 Plan	2004 Plan	Directors' Plan
Awards originally available	1,500,000	3,400,000	6,500,000	N/A
Stock options outstanding	—	—	—	—
Options exercisable	—	—	—	—
Performance-based options outstanding	320,000	—	—	—
Service-based RSUs outstanding	253,826	169,444	78,947	25,985
Performance and market-based RSUs outstanding at 200% of target	337,300	86,120	—	—
RSUs vested and released	49,173	—	—	—
Awards available for grant	539,701	255,564	78,947	25,985

Summary of Service-Based Restricted Stock Units

A summary of the status of RSUs granted under the 2004, 2009, and 2014 plans is presented below: 

	Nine Months Ended
	September 30, 2016
	Units		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2016	471,196		$	13.27
Granted	164,922		13.97
Vested and released	(98,633	)	14.45
Forfeited	(35,268	)	17.05
Outstanding at September 30, 2016	502,217		$	12.93
Releasable at September 30, 2016	278,082		$	11.34

A summary of the status of RSUs granted under the Director's Plan is presented below:

	Nine Months Ended
	September 30, 2016
	Units		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2016	33,974		$	11.75
Granted	—		—
Vested and released	(7,989	)	11.75
Forfeited	—		—
Outstanding at September 30, 2016	25,985		$	11.75
Releasable at September 30, 2016	25,985		$	11.75

Schedule of Components of Market-Based RSU's

The following table summarizes the performance and market-based RSU activity as of and for the nine months ended September 30, 2016:

	Units		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2016	249,560		14.59
Granted	108,650		13.56
Attained by performance	97,017		10.48
Released	(234,517	)	10.52
Forfeited	(9,000	)	14.41
Outstanding at September 30, 2016	211,710		16.58
Maximum potential units outstanding at September 30, 2016	423,420		16.58