Equity-Based Compensation (Tables)

6 Months Ended

Jun. 29, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Equity-Based Compensation Expense

The following table summarizes the compensation expense included in the Unaudited Condensed Consolidated Statements of Earnings for the three and six months ended June 29, 2014 and June 30, 2013, respectively, relating to equity-based compensation plans:

	Three Months Ended				Six Months Ended
($ in thousands)	June 29, 2014		June 30, 2013		June 29, 2014		June 30, 2013
Stock options	$	—	$	—	$	—	$	—
Service-Based RSUs		210		693		683		1,517
Performance-Based RSUs		99		279		273		573
Market-Based RSUs		91		191		223		391
Total	$	400	$	1,163	$	1,179	$	2,481

Summary of Equity-Based Compensation Expense related to Non-Vested RSUs

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:

($ in thousands)	Unrecognized compensation expense at June 29, 2014		Weighted average period
Stock options	$	—	0.0 years
Service-Based RSUs		1,771	1.2 years
Performance-Based RSUs		1,210	1.5 years
Market-Based RSUs		892	1.5 years
Total	$	3,873

Summary of Status of Equity-Based Compensation Plans

The following table summarizes the status of these plans as of June 29, 2014:

	2014 Plan		2009 Plan		2004 Plan		2001 Plan
Awards originally available		1,500,000		3,400,000		6,500,000		2,000,000
Stock options outstanding						5,200		—
Restricted stock units outstanding				434,082		101,223
Options exercisable						5,200		—
Awards available for grant		1,500,000		1,589,756		106,423

Summary of Status of Stock Options

A summary of the status of stock options as of June 29, 2014 and the six-month period then ended is presented below:

	June 29, 2014
	Options			Weighted- Average Exercise Price
Outstanding at beginning of year		123,000		$	12.78
Exercised		(115,100	)	$	12.84
Expired		(2,700	)	$	11.04
Forfeited		—		$	—
Outstanding at end of period		5,200		$	12.35
Exercisable at end of period		5,200		$	12.35

	Six Months Ended
	June 29, 2014
Intrinsic values of share options exercised	$	831,000
Weighted average remaining contractual life		1.4 years
Aggregate intrinsic values of options outstanding and options exercisable	$	32,000

Summary of Service-Based Restricted Stock Units

A summary of the status of RSUs is presented below:

	Six months ended June 29, 2014
	RSUs			Weighted- average Grant-Date Fair Value
Outstanding at beginning of year		630,288		$	10.36
Granted		83,615		$	19.13
Converted		(123,279	)	$	10.79
Forfeited		(55,319	)	$	11.95
Outstanding at end of period		535,305		$	11.47
Weighted-average remaining contractual life		11.2 years

Schedule of Performance-Based RSUs

Performance-Based RSUs include the following components:

Grant Date	Target Units		Vesting Year	Vesting Dependency	Units Awarded
February 8, 2012		45,850	2014	Salesgrowth		—
February 8, 2012		39,300	2014	Cashflow		69,600
February 11, 2013		77,700	2016	Salesgrowth		—
February 11, 2013		66,600	2016	Cash flow		—
February 14, 2014		25,085	2017	Sales growth		—
February 14, 2014		21,500	2017	Cash flow		—

Schedule of Market-Based RSUs

Market-Based RSUs include the following components:

Grant Date	Target Units		Vesting Year	Number of Peer Group Companies	Units Awarded
February 8, 2012		45,850	2014	28		63,800
February 11, 2013		77,700	2016	20		—
February 11, 2013		32,500	2016	20		—
February 14, 2014		25,085	2017	15		—