Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.7.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 25, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock-Based Compensation Activity - Stock Options
A summary of stock-based compensation activity and changes related to stock options for the year ended December 25, 2016 are as follows:
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(Years)
 
Aggregate
Intrinsic
Value
Outstanding at December 27, 2015
634,412

 
$
11.91

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
(312,165
)
 
4.71

 
 
 
 
Forfeited
(6,220
)
 
31.09

 
 
 
 
Outstanding at December 25, 2016
316,027

 
$
18.64

 
4.87
 
$
4,545

Exercisable as of December 25, 2016
259,117

 
$
16.63

 
4.57
 
$
4,242

Weighted Average Assumptions
The weighted-average grant date fair value of options granted was $11.12 per share, during the year ended, December 28, 2014, as estimated at the date of grant using the Black-Scholes pricing model with the following weighted-average assumptions (no options were granted during the years ended December 25, 2016 and December 27, 2015): 
        
 
2014
Dividend yield
—
%
Expected volatility
37
%
Risk-free rate of return
1.58
%
Expected life (in years)
5

Summary of Stock-Based Compensation Activity - Restricted Stock Units
A summary of stock-based compensation activity and changes related to restricted stock units for the year ended December 25, 2016 are as follows:
 
Shares
 
Weighted
Average
Fair Value
 
Weighted
Average
Remaining
Contractual
Term
(Years)
Outstanding at December 27, 2015
165,111

 
$
29.72

 
 
Granted
94,402

 
34.36

 
 
Vested
(46,004
)
 
30.89

 
 
Forfeited
(6,759
)
 
30.03

 
 
Outstanding at December 25, 2016
206,750

 
$
31.57

 
2.60