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Equity and Stock Based Compensation Plans (Tables)
9 Months Ended
Sep. 28, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Assumption of stock option's fair value
 
Three Months Ended
 
Nine Months Ended
 
September 28,
2013
 
September 29,
2012
 
September 28,
2013
 
September 29,
2012
Stock Options
 
 
 
 
 
 
 
Expected life
4.6 years

 
4.6 years

 
4.5 years

 
4.5 years

Volatility
64.38
%
 
75.44
%
 
71.04
%
 
77.96
%
Risk free interest rate
1.52
%
 
0.74
%
 
1.00
%
 
0.84
%
Dividends

 

 

 

Employee Stock Purchase Plan
 
 
 
 
 
 
 
Expected life
0.5 years

 
0.5 years

 
0.5 years

 
0.5 years

Volatility
25.94
%
 
38.58
%
 
26.75
%
 
45.47
%
Risk free interest rate
0.10
%
 
0.16
%
 
0.11
%
 
0.12
%
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 was as follows (in thousands):
 
 
Three Months Ended
 
Nine Months Ended
 
September 28,
2013

September 29,
2012
 
September 28,
2013
 
September 29,
2012
Cost of products
$
55

 
$
50

 
$
153

 
$
128

Cost of service
74

 
62

 
204

 
195

Research and development
412

 
289

 
1,092

 
952

Selling
476

 
451

 
1,418

 
1,374

General and administrative
789

 
630

 
2,149

 
1,886

Restructuring
896

 

 
896

 

Total stock-based compensation expense
$
2,702

 
$
1,482

 
$
5,912

 
$
4,535

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 nine month period ended September 28, 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
(218,474
)
 
7.46

 
 
 
 
Granted
374,700

 
15.22

 
 
 
 
Cancelled
(121,881
)
 
15.10

 
 
 
 
Outstanding at September 28, 2013
2,054,664

 
$
12.90

 
4.28

 
$
7,158

Exercisable at September 28, 2013
1,258,894

 
$
11.43

 
3.49

 
$
6,150

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 nine month period ended September 28, 2013, is as follows:
 
Number
of RSUs
 
Weighted
Average Fair
Value
Outstanding RSU as of December 29, 2012
235,162

 
$
16.32

Granted
292,360

 
15.41

Released
(85,707
)
 
15.55

Cancelled
(9,518
)
 
14.41

Outstanding RSU as of September 28, 2013
432,297

 
$
16.05