Equity Incentive Plan and Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 26, 2011
Schedule of Total Recorded Stock-Based Compensation Expense
    

 

      Three Months Ended
June 27, 2010		     

 

      Six Months Ended
June 27, 2010		  
     Successor      Successor               Predecessor      Successor      Successor               Predecessor  
     Three Months
Ended
June 26, 2011		      Period from
May 11, 2010 (1)
to
June 27, 2010		               Period from
March 29, 2010
to
May 10, 2010 (1)		      Six Months
Ended
June 26, 2011		      Period from
May 11, 2010 (1)
to
June 27, 2010		               Period from
December 28, 2009
to
May 10, 2010 (1)		  
                     (in thousands)                         

Cost of sales

    $ 831       $ 722            $ 73       $ 1,447       $ 722            $ 346   

Research and development

      1,160         398              172         1,974         398              683   

Sales, general and administrative

      3,057         825              55         6,175         825              566   

Expense on cancellation of old equity incentive plans

      —           —                5,457         —           —                5,457   
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

Stock-based compensation expense before income taxes

      5,048         1,945              5,757         9,596         1,945              7,052   

Income tax benefit

     —           —                —           —           —                —     
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

Stock-based compensation expense after income taxes

    $ 5,048       $ 1,945            $ 5,757       $ 9,596       $ 1,945            $ 7,052   
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

 

(1) May 10, 2010 is the date on which all Predecessor equity incentive plans were cancelled and the Successor's 2010 Plan became effective.
Schedule of Weighted Average Fair Value of Stock Options Granted
     Three Months
Ended
June 26, 2011		     Six Months
Ended
June 26, 2011		     For the period
from  May 11, 2010
to June 27, 2010		  

Expected volatility

      56.43 %      56.08 %      58.00 % 

Risk-free interest rate

      1.12 %      1.55 %      1.88 % 

Expected term (in years)

      4.35        4.35        4.30   

Dividend yield

      0 %      0 %      0.00 % 
Schedule of Share Available to Grant

Number of shares available for grant:

   

Shares reserved for grant under the 2010 Plan as of December 26, 2010

      511,731   

Additional shares issuable under 2010 Plan (annual increase for 2011)

      4,321,911   

Stock options granted through June 26, 2011, net of forfeitures

      (2,009,750 ) 

RSU awards granted through June 26, 2011, net of forfeitures

      (933,183 ) 

Key executive RSU awards granted through June 26, 2011, net of forfeitures

      (212,448 ) 
  

 

 

  

Shares available for grant under the 2010 Plan as of June 26, 2011

      1,678,261   
  

 

 

  
Schedule of Stock Option Activities and Related Information
     Number of
Shares		     Weighted-
Average
Exercise
Price		      Weighted-
Average
Remaining
Contractual
Life (in Years)		      Aggregate
Intrinsic
Value		  

Options:

           

Outstanding as of December 26, 2010

      3,027,943      $ 10.93         6.40       $ 27,875   

Granted

      2,308,610      $ 18.99         

Forfeited

      (298,860 )    $ 14.16         

Exercised

      (420,493 )    $ 10.51         
  

 

 

    

 

 

     

 

 

     

 

 

  

Total option outstanding as of June 26, 2011

      4,617,200      $ 14.79         6.44       $ 17,404   
  

 

 

    

 

 

     

 

 

     

 

 

  

Total Exercisable as of June 26, 2011

      622,471      $ 10.51         5.81       $ 5,011   
  

 

 

    

 

 

     

 

 

     

 

 

  
Restricted Stock Units (RSUs) [Member]
  
Schedule of RSU Award Activities and Related Information
RSUs:    Number of
Shares		     Weighted-Average
Grant-date
Fair Value		  

Unvested as of December 26, 2010

      1,841,559      $ 10.88   

Granted

      1,055,795      $ 19.60   

Forfeited

      (122,612 )    $ 12.90   

Vested

      (379,401 )    $ 19.89   
  

 

 

    

 

 

  

Unvested as of June 26, 2011

     2,395,341      $ 13.19   
  

 

 

    

 

 

  
Key Executive RSU [Member]
  
Schedule of RSU Award Activities and Related Information
Key executive RSUs:    Number of
Shares		     Weighted-Average
Grant-date
Fair Value		  

Unvested as of December 26, 2010

      1,127,015      $ 10.88   

Granted

      331,000      $ 19.84   

Forfeited

      (118,552 )    $ 20.11   

Vested

      (281,450 )    $ 19.88   
  

 

 

    

 

 

  

Unvested as of June 26, 2011

     1,058,013      $ 10.25