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Stock-Based Compensation Arrangements
3 Months Ended
Apr. 02, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]
A summary of the options outstanding under the equity incentive plan as of April 2, 2017 and the activity for the three months ended April 2, 2017 is presented below:
 
Stock Options
Weighted Average Exercise Price (1)
Weighted Average Remaining Contractual Term
Aggregate Intrinsic Value
 
 
($ per share)
 
($ in thousands)
Outstanding stock options, January 1, 2017
2,400,914

$8.74


     Options Granted
53,771

$14.86


     Options Forfeited
(21,855
)
$12.68


Outstanding stock options, April 2, 2017
2,432,830

$8.96
7.0
$
19,512

Stock options expected to vest, April 2, 2017
1,804,267

$8.55
7.0
$
15,206

Exercisable stock options, April 2, 2017
428,089

$8.43
7.0
$
3,662

 
 
 
 
 
__________________
(1)    The weighted average exercise price reflects the original grant date fair value per option as adjusted for the dividend payment made in August 2015.
Stock-Based Compensation Arrangements
The following table summarizes stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements for the periods presented:
 
Three Months Ended
 
April 2,
2017
 
April 3,
2016
 
(in thousands)
Stock-based compensation costs
$
154

 
$
168

Portion capitalized as property and equipment (1)
(3
)
 
(33
)
Stock-based compensation expense recognized
$
151

 
$
135

Excess tax benefit recognized from exercise of stock-based compensation awards
$

 
$
4