XML 17 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 29, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The stock-based compensation expense included in the Company's consolidated financial statements for the three and six months ended June 29, 2014 and June 30, 2013 was as follows (in thousands):
 
 
Three Months Ended
 
Six Months Ended
 
June 29,
2014
 
June 30,
2013
 
June 29,
2014
 
June 30,
2013
Cost of revenue
$
36

 
$
22

 
$
78

 
$
52

Research and development
221

 
46

 
574

 
212

Selling, general and administrative
309

 
217

 
646

 
473

Total costs and expenses
$
566

 
$
285

 
$
1,298

 
$
737

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following weighted average assumptions are included in the estimated fair value calculations for stock option grants:

 
Three Months Ended
 
Six Months Ended
 
June 29,
2014
 
June 30,
2013
 
June 29,
2014
 
June 30,
2013
Expected term (years)
6.0

 
6.4

 
6.2

 
6.1

Risk-free interest rate
1.9
%
 
1.3
%
 
2.0
%
 
1.2
%
Expected volatility
55.7
%
 
59.3
%
 
55.1
%
 
60.4
%
Expected dividend yield

 

 

 

Schedule of Share-based Compensation, Activity
The following table summarizes the activity in the shares available for grant under the 2009 Plan during the first six months of 2014:
 
 
Shares
Available for Grant
 
(in thousands)
Balance at December 29, 2013
2,253

Options granted
(198
)
Options forfeited or expired
57

RSUs granted
(310
)
PRSUs forfeited or expired
16

Balance at June 29, 2014
1,818

Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock options outstanding and stock option activity under the 1999 Plan and the 2009 Plan, and the related weighted average exercise price, for the first six months of 2014:
 
 
Number of Shares
 
Weighted
Average Exercise
Price
 
Weighted
Average
Remaining Term
 
Aggregate
Intrinsic Value
 
(in thousands)
 
 
 
(in years)
 
(in thousands)
Balance outstanding at December 29, 2013
7,242

 
$
2.62

 
 
 
 
Granted
198

 
3.87

 
 
 
 
Forfeited or expired
(57
)
 
4.56

 
 
 
 
Exercised
(1,631
)
 
2.56

 
 
 
 
Balance outstanding at June 29, 2014
5,752

 
$
2.66

 
5.82

 
$
13,161

Exercisable at June 29, 2014
4,418

 
$
2.54

 
4.92

 
$
10,632

Vested and expected to vest at June 29, 2014
5,575

 
$
2.64

 
5.72

 
$
12,839

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of activity for the Company's RSUs and PRSUs for the six months ended June 29, 2014 and information regarding RSUs and PRSUs outstanding and expected to vest as of June 29, 2014 is as follows:

 
RSUs & PRSUs Outstanding
 
Number of Shares
 
Weighted Average
Grant Date Fair Value
 
(in thousands)
 
 
Nonvested at December 29, 2013
225

 
$
3.17

Granted
310

 
4.68

Vested
(288
)
 
4.82

Forfeited
(16
)
 

Nonvested at June 29, 2014
231

 
$
3.15


Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumption
The fair value of rights issued pursuant to the Company's 2009 ESPP was estimated on the commencement date of each offering period using the following weighted average assumptions:
 
 
Three Months Ended
 
Six Months Ended
 
June 29,
2014
 
June 30,
2013
 
June 29,
2014
 
June 30,
2013
Expected term (months)
6.09

 
6.08

 
6.09

 
6.08

Risk-free interest rate
0.05
%
 
0.09
%
 
0.05
%
 
0.09
%
Volatility
49.17
%
 
39.03
%
 
49.17
%
 
39.03
%
Dividend yield