STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 27, 2014

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.

	2014					2013					2012
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Outstanding at beginning of year		22,702,534		$	4.48		12,578,071		$	5.25		19,059,176		$	6.90
Granted		—			—		2,003,000			5.24		82,000			3.22
Assumed — Merger		—			—		13,142,351			3.62		—			—
Forfeited		(1,323,664	)		10.46		(2,072,560	)		8.83		(4,512,372	)		14.51
Exercised		(12,776,244	)		3.83		(2,948,328	)		1.40		(2,050,733	)		0.88
Outstanding at end of year		8,602,626		$	4.53		22,702,534		$	4.48		12,578,071		$	5.25

Summary of Information About Options Outstanding and Exercisable

The following table summarizes information about options outstanding and exercisable at December 27, 2014.

	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 $3.00		2,715,238		2.74	$	1.42		2,220,878		2.43	$	1.33
3.01 5.12		1,456,050		2.92		4.37		1,399,176		2.90		4.39
5.13		301,034		2.45		5.13		301,034		2.45		5.13
5.14 8.00		3,331,826		6.34		5.73		1,998,492		4.64		6.05
8.01 11.27		798,478		1.05		10.19		798,478		1.05		10.19
$0.83 $11.27		8,602,626		4.00	$	4.53		6,718,058		3.02	$	4.60

Summary of Status of Company's Nonvested Shares

A summary of the status of the Company’s nonvested shares and changes during 2014, 2013, and 2012 is presented below.

	2014					2013					2012
	Shares			Weighted Average Grant-Date Price		Shares			Weighted Average Grant-Date Price		Shares			Weighted Average Grant-Date Price
Outstanding at beginning of year		10,207,546		$	4.76		5,459,900		$	3.52		2,612,876		$	3.96
Granted		5,809,821			4.33		4,884,848			4.54		4,018,253			3.26
Assumed — Merger		—			—		6,426,968			3.46		—			—
Vested		(4,179,789	)		4.75		(5,788,992	)		4.49		(695,751	)		3.45
Forfeited		(1,129,206	)		3.65		(775,178	)		4.01		(475,478	)		3.79
Outstanding at end of year		10,708,372		$	4.65		10,207,546		$	4.76		5,459,900		$	3.52

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.

	2014					2013					2012
	Shares			Weighted Average Grant-Date Price		Shares			Weighted Average Grant-Date Price		Shares			Weighted Average Grant-Date Price
Outstanding at beginning of the year		3,076,292		$	4.45		1,030,753		$	3.25		—		$	—
Granted		5,289,047			4.55		4,317,314			4.55		2,073,628			3.25
Vested		(1,246,006	)		3.74		(261,095	)		3.63		—			—
Forfeited		(310,369	)		4.16		(2,010,680	)		4.15		(1,042,875	)		3.32
Outstanding at end of the year		6,808,964		$	4.43		3,076,292		$	4.45		1,030,753		$	3.25