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BENEFIT PLANS (Tables)
9 Months Ended
Sep. 28, 2012
Summary of Company's Stock Option and Restricted Stock Unit Activity

The following table summarizes the Company’s stock option and restricted stock unit activity during the nine months ended September 28, 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

     (4,969     1,246        5.63         2,482        5.74   

Options exercised

     —          (208     2.83         —          —     

Shares released

     —          —          —           (1,373     7.51   

Forfeited or cancelled

     1,669        (1,298     8.78         (490     6.67   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Balance at September 28, 2012

     9,985        9,043      $ 6.78         4,332      $ 6.48   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 
Summary of Stock Options Outstanding

The following table summarizes information about stock options outstanding as of September 28, 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

     8,876       $ 6.78         3.5       $ 2,105   

Exercisable

     6,689         6.99         2.7         1,587   
Summary of Restricted Stock Units Outstanding

The following table summarizes information about restricted stock units outstanding as of September 28, 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

     4,003         1.3       $ 18,173