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Equity and Stock Based Compensation Plans (Tables)
6 Months Ended
Jun. 29, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Assumption of stock option's fair value
 
Three Months Ended
 
Six Months Ended
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
Stock Options
 
 
 
 
 
 
 
Expected life
4.6 years

 
4.2 years

 
4.5 years

 
4.5 years

Volatility
68.90
%
 
78.65
%
 
72.32
%
 
78.23
%
Risk free interest rate
1.02
%
 
0.74
%
 
0.90
%
 
0.85
%
Dividends

 

 

 

Employee Stock Purchase Plan
 
 
 
 
 
 
 
Expected life
0.5 years

 
0.5 years

 
0.5 years

 
0.5 years

Volatility
25.94
%
 
55.93
%
 
27.61
%
 
62.74
%
Risk free interest rate
0.10
%
 
0.06
%
 
0.11
%
 
0.06
%
Dividends

 

 

 

Stock-based compensation expense for all share-based payment awards
Stock-based compensation expense for all share-based payment awards made to the Company’s employees and directors pursuant to the employee stock option and employee stock purchase plans by function were as follows (in thousands):
 
 
Three Months Ended
 
Six Months Ended
 
June 29,
2013

June 30,
2012
 
June 29,
2013
 
June 30,
2012
Cost of products
$
53

 
$
20

 
$
98

 
$
77

Cost of service
71

 
75

 
130

 
133

Research and development
362

 
347

 
679

 
666

Selling
501

 
481

 
941

 
922

General and administrative
764

 
670

 
1,360

 
1,256

Total stock-based compensation expense
$
1,751

 
$
1,593

 
$
3,208

 
$
3,054

Changes in accumulated other comprehensive income by component
The following table shows a summary of changes in accumulated other comprehensive income by component for the six months ended June 29, 2013 (in thousands):

 
Defined Benefit Pension Plans
 
Foreign Currency Translations
 
Unrealized Gain (Loss) on Investment
 
Total
Balance as of December 29, 2012
$
(179
)
 
$
1,453

 
$
(2
)
 
$
1,272

Other comprehensive income

 
(1,979
)
 
(3
)
 
(1,982
)
Balance as of June 29, 2013
$
(179
)
 
$
(526
)
 
$
(5
)
 
$
(710
)
Stock Options [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option plans activity
A summary of activity under the Company’s stock option plans during the six month period ended June 29, 2013, is as follows: 
 
Number of
Shares
Outstanding
(Options)
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual Term (Years)
 
Aggregate Intrinsic Value (in Thousands)
Options
 
 
 
 
 
 
 
Outstanding at December 29, 2012
2,020,319

 
$
12.01

 
4.44

 
$
6,770

Exercised
(181,617
)
 
7.15

 
 
 
 
Granted
314,100

 
15.31

 
 
 
 
Cancelled
(67,037
)
 
14.63

 
 
 
 
Outstanding at June 29, 2013
2,085,765

 
$
12.85

 
4.35

 
$
5,757

Exercisable at June 29, 2013
1,234,828

 
$
11.25

 
3.56

 
$
5,127

Restricted Stock Units (RSUs) [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option plans activity
A summary of activity for RSUs during the six month period ended June 29, 2013, is as follows:

Number
of RSUs
 
Weighted
Average Fair
Value
Outstanding RSU as of December 29, 2012
235,162

 
$
16.32

Granted
286,060

 
15.43

Released
(29,739
)
 
14.62

Cancelled
(8,518
)
 
14.27

Outstanding RSU as of June 29, 2013
482,965

 
$
14.67