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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 28, 2013
Summary of Activity in Stock Option Plans

A summary of the activity in the stock option plans for the last three years is presented below.

 

     2013      2012      2011  
     Shares    

Weighted

Average

Exercise

Price

     Shares    

Weighted

Average

Exercise

Price

     Shares    

Weighted

Average

Exercise

Price

 

Outstanding at beginning of year

     12,578,071      $ 5.25         19,059,176      $ 6.90         20,021,044      $ 7.49   

Granted

     2,003,000        5.24         82,000        3.22         3,680,850        4.53   

Assumed — Merger

     13,142,351        3.62                                 

Cancelled

     (2,072,560     8.83         (4,512,372     14.51         (3,567,513     9.46   

Exercised

     (2,948,328     1.40         (2,050,733     0.88         (1,075,205     0.86   
  

 

 

 

Outstanding at end of year

     22,702,534      $ 4.48         12,578,071      $ 5.25         19,059,176      $ 6.90   
  

 

 

 
Summary of Information About Options Outstanding and Exercisable

The following table summarizes information about options outstanding and exercisable at December 28, 2013.

 

    Options Outstanding     Options Exercisable  

Range of

Exercise Prices

 

Number

Outstanding

   

Weighted Average

Remaining

Contractual Life

(in years)

   

Weighted
Average

Exercise

Price

   

Number

Exercisable

    

Weighted Average

Remaining

Contractual Life

(in years)

    

Weighted

Average

Exercise

Price

 

$0.83  $5.12

    11,957,410        2.85      $ 2.41        8,627,640         2.48       $ 2.45   

5.13 (option exchange)

    460,016        2.91        5.13        458,240         2.91         5.13   

5.14  10.00

    9,736,550        3.45        6.25        7,292,093         1.64         6.57   

10.01  15.00

    350,065        1.15        11.30        350,065         1.15         11.30   

15.01  25.00

    25,834        0.14        17.55        25,834         0.14         17.55   

25.01  33.61

    172,659        0.43        30.44        172,659         0.43         30.44   
 

 

 

 

$0.83  $33.61

    22,702,534        3.06      $ 4.48        16,926,531         2.08       $ 4.79   
 

 

 

 
Summary of Status of Company's Nonvested Shares

A  summary of the status of the Company’s nonvested shares and changes during 2013, 2012 and 2011 is presented below.

2013 2012 2011
Shares

Weighted

Average

Grant-Date

Price

Shares

Weighted

Average

Grant-Date

Price

Shares

Weighted

Average

Grant-Date

Price

Outstanding at beginning of year

5,459,900 $ 3.52 2,612,876 $ 3.96 496,059 $ 10.39

Granted

4,884,848 4.54 4,018,253 3.26 2,890,943 3.96

Assumed — Merger

6,426,968 3.46

Vested

(5,788,992 ) 4.49 (695,751 ) 3.45 (594,876 ) 9.00

Forfeited

(775,178 ) 4.01 (475,478 ) 3.79 (179,250 ) 4.97

Outstanding at end of year

10,207,546 $ 4.76 5,459,900 $ 3.52 2,612,876 $ 3.96

Summary of Performance Based Long Term Incentive Program

A summary of the activity in the performance-based long-term incentive program since inception is presented below.

 

     2013      2012  
      Shares    

Weighted

Average

Grant-Date

Price

     Shares    

Weighted

Average
Grant-Date

Price

 

Outstanding at beginning of the period

     1,030,753      $ 3.25              $   

Granted

     4,317,314        4.55         2,073,628        3.25   

Vested

     (261,095     3.63                  

Forfeited

     (2,010,680     4.15         (1,042,875     3.32   
  

 

 

 

Outstanding at end of the period

     3,076,292      $ 4.45         1,030,753      $ 3.25