Stock-based Compensation (Tables)
|
12 Months Ended |
Jan. 03, 2021 |
|---|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Share-based Payment Arrangement, Option, Activity |
A summary of stock option activity under the Incentive Plans for the years ended December 30, 2018, December 29, 2019 and January 3, 2021 is as follows:
|
|
|
Total
Outstanding
options
|
|
|
Weighted
average
exercise
price
|
|
|
Aggregate
intrinsic
value
|
|
|
Weighted
average
remaining
contractual
term (years)
|
|
|
Outstanding balance at December 30, 2018
|
|
|
1,719,824
|
|
|
$
|
1.55
|
|
|
|
|
|
|
|
|
|
|
Options granted
|
|
|
650,000
|
|
|
|
3.67
|
|
|
|
|
|
|
|
|
|
|
Options forfeited
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
Options expired
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
Options exercised
|
|
|
(25,450
|
)
|
|
|
1.80
|
|
|
|
|
|
|
|
|
|
|
Outstanding balance at December 29, 2019
|
|
|
2,344,374
|
|
|
|
2.14
|
|
|
|
|
|
|
|
|
|
|
Options granted
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
Options forfeited
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
Options expired
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
Options exercised
|
|
|
(383,058
|
)
|
|
|
1.25
|
|
|
|
|
|
|
|
|
|
|
Outstanding balance at January 3, 2021
|
|
|
1,961,316
|
|
|
|
2.31
|
|
|
|
2,371
|
|
|
|
7.00
|
|
|
Exercisable balance at January 3, 2021
|
|
|
705,082
|
|
|
|
1.71
|
|
|
|
1,992
|
|
|
|
6.10
|
|
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The following weighted average assumptions were used in calculating the estimated fair value of stock options used to compute stock-based compensation expenses:
|
|
|
Year ended
January 3,
2021
|
|
Year ended
December 29,
2019
|
|
Year ended
December 30,
2018
|
|
|
Black-Scholes weighted-average assumptions
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected dividend yield
|
|
|
N/A
|
|
|
N/A
|
|
|
|
0.0
|
%
|
|
Expected volatility
|
|
|
N/A
|
|
|
N/A
|
|
|
|
42.1
|
%
|
|
Expected forfeiture
|
|
|
N/A
|
|
|
N/A
|
|
|
|
30.0
|
%
|
|
Risk-free interest rate
|
|
|
N/A
|
|
|
N/A
|
|
|
|
2.84
|
%
|
|
Expected stock option life in years
|
|
|
N/A
|
|
|
N/A
|
|
|
|
4.0
|
|
|
Weighted-average stock option fair value per stock option granted
|
|
$
|
N/A
|
|
$
|
N/A
|
|
|
$
|
1.00
|
|
|
| Share-based Payment Arrangement, Option, Exercise Price Range |
The following table presents information about stock options outstanding as of January 3, 2021:
|
Outstanding
options
|
|
|
Weighted
average
exercise
price
|
|
|
Exercisable
options
|
|
|
Weighted
average
exercise
price
|
|
|
300,658
|
|
|
|
1.80
|
|
|
|
269,408
|
|
|
|
1.80
|
|
|
490,358
|
|
|
|
1.23
|
|
|
|
221,616
|
|
|
|
1.23
|
|
|
134,371
|
|
|
|
1.26
|
|
|
|
—
|
|
|
|
—
|
|
|
50,000
|
|
|
|
2.74
|
|
|
|
12,500
|
|
|
|
2.74
|
|
|
335,929
|
|
|
|
2.07
|
|
|
|
201,558
|
|
|
|
2.07
|
|
|
650,000
|
|
|
|
3.67
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,961,316
|
|
|
|
2.31
|
|
|
|
705,082
|
|
|
|
1.71
|
|
|
| Share-based Payment Arrangement, Restricted Stock Unit, Activity |
|
|
|
Outstanding
options
|
|
|
Weighted
average
stock
price
|
|
|
Weighted
average
remaining
contractual
term (years)
|
|
|
Outstanding balance at December 30, 2018
|
|
|
357,377
|
|
|
$
|
0.96
|
|
|
|
1.21
|
|
|
RSU/RSA granted
|
|
|
375,326
|
|
|
|
3.55
|
|
|
|
|
|
|
RSU forfeited
|
|
|
(25,000
|
)
|
|
|
1.38
|
|
|
|
|
|
|
RSU/RSA converted into common shares
|
|
|
(359,703
|
)
|
|
|
1.54
|
|
|
|
|
|
|
Outstanding balance at December 29, 2019
|
|
|
348,000
|
|
|
|
3.16
|
|
|
|
2.23
|
|
|
RSU/RSA granted
|
|
|
178,000
|
|
|
|
2.92
|
|
|
|
|
|
|
RSU forfeited
|
|
|
(27,500
|
)
|
|
|
3.30
|
|
|
|
|
|
|
RSU/RSA converted into common shares
|
|
|
(59,500
|
)
|
|
|
1.70
|
|
|
|
|
|
|
Outstanding balance at January 3, 2021
|
|
|
439,000
|
|
|
|
3.25
|
|
|
|
2.01
|
|
|
| Performance Shares [Member] |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The following weighted average assumptions were used in calculating the estimated fair value of awards with market-based performance conditions used to compute stock-based compensation expenses:
|
|
|
Year ended
January 3,
2021
|
Year ended
December 29,
2019
|
|
|
Year ended
December 30,
2018
|
|
|
Binomial Model weighted-average assumptions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Price
|
|
$
|
—
|
|
|
$
|
3.67
|
|
|
$
|
2.07
|
|
|
Expected volatility
|
|
|
—
|
|
|
|
50.0
|
%
|
|
|
43.0
|
%
|
|
Expected forfeiture
|
|
|
—
|
|
|
|
30.0
|
%
|
|
|
30.0
|
%
|
|
Risk-free interest rate
|
|
|
—
|
|
|
|
2.10
|
%
|
|
|
1.02
|
%
|
|
Expected stock option life in years
|
|
|
—
|
|
|
|
3.0
|
|
|
|
4.0
|
|
|
Weighted-average stock option fair value per award granted
|
|
$
|
—
|
|
|
$
|
0.95
|
|
|
$
|
0.47
|
|
|