Stock-Based Incentive Compensation Plans (Notes)
|3 Months Ended|
Mar. 26, 2016
|Share-based Compensation [Abstract]|
|Stock-Based Incentive Compensation Plans||
Stock-Based Incentive Compensation Plans
The following table summarizes stock-based compensation expense related to employee stock options and restricted stock units, which is allocated within the Company’s condensed consolidated statements of operations as follows:
For all periods presented, the Company did not realize any excess tax benefit related to stock-based compensation and therefore did not record any related financing cash flows.
In the first quarter of 2016, the Company did not grant any employee stock options to its employees.
The weighted average assumptions applied in the lattice-binomial model that the Company uses to estimate the fair value of employee stock options are as follows:
In the first quarter of 2015, the Company granted 0.2 million shares of employee stock options, with weighted average grant date fair value per share of $1.29.
Restricted Stock Units
In the first quarters of 2016 and 2015, the Company granted 0.8 million and 5.3 million shares restricted stock units, respectively, with weighted average grant date fair values per share of $2.14 and $2.53, respectively.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef