Stockholders' Equity and Share-Based Compensation
|6 Months Ended|
Jul. 01, 2017
|Disclosure of Compensation Related Costs, Share-based Payments [Abstract]|
|Stockholders' Equity and Share-Based Compensation||
Stockholders’ Equity and Share-Based Compensation
Options and Restricted Stock Units
The Company had the following common stock option activity during the twenty-six weeks ended July 1, 2017:
•Granted options to purchase 1,245 common shares.
•Exercise of 1,061 options to purchase common shares.
•Forfeiture of 161 option to purchase common shares.
•Expiration of 249 options to purchase common shares.
The following table summarizes the Company’s restricted stock unit ("RSU") activity for the twenty-six weeks ended July 1, 2017, and details regarding the awards outstanding and exercisable at July 1, 2017 (in thousands):
During the twenty-six weeks ended July 1, 2017, 67 RSU's that vested were time-based and 525 were performance-based. For the RSUs awarded, the number of shares issued on the date of vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees. For those employees who elect not to receive shares net of the minimum statutory withholding requirements, the appropriate taxes are paid directly by the employee. During the twenty-six weeks ended July 1, 2017, we withheld 220 shares to satisfy $743 of employees' tax obligations. Although shares withheld are not issued, they are treated as a common stock repurchase in our consolidated financial statements, as they reduce the number of shares that would have been issued upon vesting.
For the thirteen and twenty-six weeks ended July 1, 2017, we recorded compensation expense of $555 and $1,668, respectively. As of July 1, 2017, there was unrecognized compensation expense of $5,320.
Non-controlling interests represent equity interests in consolidated subsidiaries that are not attributable, either directly or
indirectly, to the Company (i.e., minority interests). The Company's non-controlling interests consisted of the minority equity holders' proportionate share of the equity of AutoMD. However, during March, 2017 AutoMD filed for dissolution, therefore the Company no longer has any non-controlling interests.
As of December 31, 2016 there were 1,405 stock options outstanding under the AutoMD 2014 Equity Incentive Plan (the "AMD Plan"). On March 6, 2017, the AMD Plan was terminated upon the dissolution of AutoMD, and all outstanding options were canceled.
The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef