Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.8
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 29, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock-Based Compensation Activity Related to Stock Options
A summary of stock-based compensation activity related to stock options for the twenty-six weeks ended June 29, 2014 are as follows:
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(Years)
 
Aggregate
Intrinsic
Value
Outstanding and expected to vest at December 29, 2013
729,874

 
$
11.45

 
 
 
 
Granted
6,780

 
38.50

 
 
 
 
Exercised
(50,004
)
 
6.05

 
 
 
 
Forfeited
(1,472
)
 
24.36

 
 
 
 
Outstanding and expected to vest at June 29, 2014
685,178

 
$
12.08

 
5.32
 
$
16,150

Exercisable at June 29, 2014
466,839

 
$
7.12

 
4.07
 
$
13,296

Weighted Average Assumptions
The weighted-average grant date fair value of options granted during the twenty-six weeks ended June 29, 2014 was $13.44 per share, as estimated at the date of grant using the Black-Scholes pricing model with the following weighted-average assumptions: 
 
 
Dividend yield
0
%
Expected volatility
37
%
Risk-free rate of return
1.56
%
Expected life (in years)
5

Summary of Stock-Based Compensation Activity Related to Restricted Stock Units
A summary of stock-based compensation activity related to restricted stock units for the twenty-six weeks ended June 29, 2014 are as follows:
 
Shares
 
Weighted
Average
Fair Value
Outstanding and expected to vest at December 29, 2013
—

 
$
—

Granted
86,717

 
40.47

Outstanding and expected to vest at June 29, 2014
86,717

 
$
40.47