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Stockholders' Equity (Tables)
12 Months Ended
Dec. 28, 2018
Schedule of Share-based Compensation, Fair Value of Stock-Based Compensation Granted

The following table represents the fair value of stock-based compensation granted during the year ended 2018 (in thousands):

 

 

 

Fair Value

 

Stock options

 

$

9,702

 

Restricted stock units

 

 

849

 

Restricted stock

 

 

335

 

Total stock-based compensation expense

 

$

10,886

 

Schedule of Compensation Cost

The cost that has been charged against income for stock-based compensation is set forth below (in thousands):

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

Employee stock option

 

$

4,013

 

 

$

1,731

 

 

$

5,485

 

Restricted stock

 

 

274

 

 

 

186

 

 

 

298

 

Restricted stock units

 

 

2,120

 

 

 

1,226

 

 

 

2,717

 

Nonemployee stock options

 

 

355

 

 

 

18

 

 

 

58

 

Total stock-based compensation expense

 

$

6,762

 

 

$

3,161

 

 

$

8,558

 

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The Company recorded stock-based compensation expense in the following categories (in thousands):

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

Cost of sales

 

$

15

 

 

$

8

 

 

$

612

 

General and administrative

 

 

2,635

 

 

 

1,487

 

 

 

3,809

 

Marketing and selling

 

 

1,805

 

 

 

805

 

 

 

1,961

 

Research and development

 

 

2,307

 

 

 

861

 

 

 

2,176

 

Total stock-based compensation expense, net

 

 

6,762

 

 

 

3,161

 

 

 

8,558

 

Amounts capitalized as part of inventory

 

 

637

 

 

 

372

 

 

 

269

 

Total stock-based compensation expense, gross

 

$

7,399

 

 

$

3,533

 

 

$

8,827

 

Schedule of Unrecognized Compensation Cost, Non-Vested Stock-Based Compensation Arrangements

As of December 28, 2018, total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the Plan were as follows (in thousands):

 

 

 

2018

 

Stock options

 

$

9,767

 

Restricted stock and restricted stock units

 

 

2,007

 

Total unrecognized stock-based compensation cost

 

$

11,774

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The risk-free rate is based on the U.S. Treasury yield curve corresponding to the expected term at the time of the grant.

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

Expected dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

Expected volatility

 

 

53

%

 

 

57

%

 

 

57

%

Risk-free interest rate

 

 

2.71

%

 

 

1.96

%

 

 

1.34

%

Expected term (in years)

 

 

5.72

 

 

 

5.67

 

 

 

5.57

 

 

Schedule of Share-based Compensation, Stock Options, Activity

A summary of option activity under the Plan for the year ended December 28, 2018 is presented below:

 

 

 

Shares

(in 000’s)

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term (years)

 

 

Aggregate

Intrinsic

Value

(in 000’s)

 

Outstanding at December 29, 2017

 

 

3,725

 

 

$

8.78

 

 

 

 

 

 

 

 

 

Granted

 

 

826

 

 

 

23.19

 

 

 

 

 

 

 

 

 

Exercised

 

 

(596

)

 

 

8.72

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(35

)

 

 

11.27

 

 

 

 

 

 

 

 

 

Outstanding at December 28, 2018

 

 

3,920

 

 

$

11.80

 

 

 

6.80

 

 

$

76,615

 

Exercisable at December 28, 2018

 

 

2,660

 

 

$

8.53

 

 

 

5.79

 

 

$

60,455

 

Share-based Compensation, Performance Shares Award Unvested Activity

A summary of unvested options activity under the Plan for the year ended December 28, 2018 was as follows:

 

 

 

Shares

(in 000’s)

 

 

Weighted-

Average

Grant-Date

Fair Value

 

Unvested at December 29, 2017

 

 

1,148

 

 

$

4.96

 

Granted

 

 

826

 

 

 

11.95

 

Forfeited or expired

 

 

(35

)

 

 

5.73

 

Vested

 

 

(679

)

 

 

4.90

 

Unvested at December 28, 2018

 

 

1,260

 

 

$

9.67

 

Summary of Weighted Average Grant Date Fair Value of Options Granted and Total intrinsic Value of options Exercised

The weighted average grant date fair value of options granted and the total intrinsic value of options exercised were as follows:

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

Weighted-average grant-date fair value

 

$

11.95

 

 

$

5.42

 

 

$

3.77

 

Intrinsic value of options (in thousands)

 

$

13,699

 

 

$

3,065

 

 

$

1,737

 

 

Restricted Stock  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of restricted stock activity under the Plan for the year ended December 28, 2018 was as follows:

 

 

 

Shares

(in 000’s)

 

 

Weighted-

Average Grant-

Date Fair Value

 

Outstanding at December 29, 2017

 

 

21

 

 

$

9.60

 

Granted

 

 

11

 

 

 

29.43

 

Vested

 

 

(21

)

 

 

9.70

 

Outstanding at December 28, 2018

 

 

11

 

 

$

29.80

 

Restricted Stock Units (RSUs)  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of restricted stock units’ activity under the Plan for the year ended December 28, 2018 was as follows:

 

 

 

Units

(in 000’s)

 

 

Weighted-

Average Grant-

Date Fair Value

 

Outstanding at December 29, 2017

 

 

488

 

 

$

9.45

 

Granted

 

 

49

 

 

 

17.22

 

Vested

 

 

(206

)

 

 

9.65

 

Forfeited or expired

 

 

(9

)

 

 

11.05

 

Outstanding at December 28, 2018

 

 

322

 

 

$

10.46