XML 65 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
SHARE-BASED COMPENSATION
9 Months Ended
Sep. 29, 2013
Share-based Compensation [Abstract]  
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION
Total share-based compensation expense was $652 and $712 for the 13-week periods ended September 29, 2013, and September 30, 2012. Total share-based compensation expense was $1,628 and $2,005 for the 39-week periods ended September 29, 2013 and September 30, 2012.
Service-Based Stock Awards
The fair value of the service-based stock awards granted in 2013 is based on the closing market price of our common stock on the date of award and is being amortized to expense on a straight-line basis over a vesting period of three or four years. A summary of our service-based stock award activity and related information for 2013 is as follows:
 
Number
of
Shares
 
Weighted-
Average
Grant Date
Fair Value
Nonvested at December 30, 2012
115,678

 
$
11.01

Granted
112,243

 
14.15

Vested
(14,365
)
 
20.45

Forfeited
(8,410
)
 
11.16

Nonvested at September 29, 2013
205,146

 
$
12.06


On October 31, 2013, the Company awarded 42,840 shares of service-based stock awards which are not included in the table of activity above.    
Performance-Based Stock Awards
In 2013, the Company awarded shares of performance-based restricted stock that will be earned based on the achievement of specific measurable performance criteria and are subject to additional holding periods. Shares will be earned each quarter based on achievement of quarterly financial goals, but will not vest until October of 2016. If a minimum target is not achieved in any quarter, all unvested shares will be forfeited. Achievement of a superior target four quarters in a row allows all earned shares to vest immediately. A summary of our performance-based stock award activity and related information for 2013 is as follows:
 
Number
of
Shares
 
Weighted-
Average
Grant Date
Fair Value
Nonvested at December 30, 2012
198,935

 
$
9.26

Granted
238,916

 
13.59

Vested
(69,618
)
 
11.89

Forfeited
(14,712
)
 
7.85

Nonvested at September 29, 2013
353,521

 
$
11.73