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Benefit Plans (Tables)
6 Months Ended
Jun. 29, 2012
Benefit Plans [Abstract]  
Summary of stock option and restricted stock unit activity

The following table summarizes the Company’s stock option and restricted stock unit activity during the six months ended June 29, 2012:

 

                                         
          Stock Options Outstanding     Restricted Stock Units Outstanding  
    Shares
Available for
Grant
    Number
of
Shares
    Weighted
Average
Exercise Price
    Number
of
Units
    Weighted
Average Grant
Date Fair Value
 
    (In thousands, except per share amounts)  

Balance at December 31, 2011

    7,835       9,303     $ 7.12       3,713     $ 7.52  

Authorized

    5,450       —         —         —         —    

Granted

    (4,248     1,039       5.91       2,139       5.97  

Options exercised

    —         (146     2.85       —         —    

Shares released

    —         —         —         (1,000     7.73  

Forfeited or cancelled

    1,188       (924     9.00       (393     6.81  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 29, 2012

    10,225       9,272     $ 6.86       4,459     $ 6.77  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of stock options and restricted stock units, vested and expected to vest, exercisable

The following table summarizes information about stock options outstanding as of June 29, 2012:

 

                                 
    Number
of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 
    (In thousands, except per share amounts and term)  

Vested and expected to vest

    9,087     $ 6.87       3.6     $ 1,872  

Exercisable

    6,863       7.07       2.8       1,372  

The following table summarizes information about restricted stock units outstanding as of June 29, 2012:

 

                         
    Number of
Shares
Underlying
Restricted
Stock
Units
    Weighted
Average
Remaining
Vesting
Period
(Years)
    Aggregate
Fair
Value (1)
 
    (In thousands, except period)  

Vested and expected to vest

    4,082       1.4     $ 17,388  

 

(1) Represents the fair value of the Company’s common stock as of June 29, 2012 times the number of restricted stock units vested and expected to vest as of the same date.