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SHAREHOLDERS EQUITY (Tables)

12 Months Ended

Dec. 30, 2022

SHAREHOLDERS' EQUITY

Summary of stock option activity

A summary of option activity under the 2006 Plan and 2008 Plan as of December 30, 2022 and changes during the fiscal years ended December 30, 2022, December 31, 2021 and January 1, 2021 is presented below. The intrinsic value of the fully-vested options is $2.1 million based on the Company’s closing stock price of $17.85 and the average exercise price of outstanding options on December 30, 2022.

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted-
​	​	​	​	Weighted-		​	Average
​	​	​	​	Average		​	Remaining
​	​	​	​	Exercise		​	Contractual
​		Options		Price			Term
​	​	(in thousands)	​	​	​	​	(in years)	​
Outstanding at December 31, 2021		849	​	$	19.89		4.68	​
Granted		—	​		—		—	​
Exercised		(33)	​		8.12		—	​
Forfeited or expired		—	​		—		—	​
Outstanding at December 30, 2022		816	​	$	20.38		3.68	​
Vested and expected to vest at December 30, 2022		816	​	$	20.38		3.68	​
Exercisable at December 30, 2022		816	​	$	20.38		3.68	​

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted-	​
​	​	​	​	Weighted-		​	Average
​	​	​	​	Average		​	Remaining
​	​	​	​	Exercise		​	Contractual
​		Options		Price			Term
​	​	(in thousands)	​	​	​	​	(in years)	​
Outstanding at January 1, 2021		1,003	​	$	18.86		5.43	​
Granted		—	​		—		—	​
Exercised		(150)	​		12.86		—	​
Forfeited or expired		(4)	​		24.33		—	​
Outstanding at December 31, 2021		849	​	$	19.89		4.68	​
Vested and expected to vest at December 31, 2021		849	​	$	19.89		4.68	​
Exercisable at December 31, 2021		849	​	$	19.89		4.68	​

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted-
​	​	​	​	Weighted-		​	Average
​	​	​	​	Average		​	Remaining
​	​	​	​	Exercise		​	Contractual
​		Options		Price			Term
​	​	(in thousands)	​	​	​	​	(in years)	​
Outstanding at December 27, 2019		1,124	​	$	17.80		6.06	​
Granted		—	​		—		—	​
Exercised		(119)	​		9.12		—	​
Forfeited or expired		(2)	​		2.71		—	​
Outstanding at January 1, 2021		1,003	​	$	18.86		5.43	​
Vested and expected to vest at January 1, 2021		1,003	​	$	18.86		5.43	​
Exercisable at January 1, 2021		952	​	$	18.16		5.31	​

​

A summary of the status of the Company’s nonvested options and changes in nonvested options is presented below:

​	​	​	​	​	​	​
​	​	​	​	Weighted-
​	​	​	​	Average
​	​	​	​	Grant-Date
​		Options		Fair Value
​	​	(in thousands)	​	​	​	​
Nonvested at December 31, 2021		—	​	$	—	​
Granted		—	​		—	​
Vested		—	​		—	​
Forfeited		—	​		—	​
Nonvested at December 30, 2022		—	​		—	​

​

​	​	​	​	​	​	​
​	​	​	​	Weighted-		​
​	​	​	​	Average
​	​	​	​	Grant-Date
​		Options		Fair Value
​	​	(in thousands)	​	​	​	​
Nonvested at January 1, 2021		52	​	$	31.73	​
Granted		—	​		—	​
Vested		(52)	​		31.73	​
Forfeited		—	​		—	​
Nonvested at December 31, 2021		—	​		—	​

​

​	​	​	​	​	​	​
​	​	​	​	Weighted-		​
​	​	​	​	Average
​	​	​	​	Grant-Date
​		Options		Fair Value
​	​	(in thousands)	​	​	​	​
Nonvested at December 27, 2019		166	​	$	12.15	​
Granted		—	​		—	​
Vested		(114)	​		30.97	​
Forfeited		—	​		—	​
Nonvested at January 1, 2021		52	​		31.73	​

Summary of restricted stock activity

​

​	​	​	​	​	​	​
​	​	​	​	Weighted-
​	​	​	​	Average
​		Restricted Stock		Grant Date Fair Value
​	​	(in thousands)	​	​	​	​
Outstanding at December 31, 2021	​	110	​	$	38.30
Awarded	​	104	​	​	31.48	​
Vested	​	(74)	​	​	36.55	​
Forfeited	​	(5)	​	​	36.51	​
Outstanding at December 30, 2022	​	135	​	$	34.07	​
​	​	​	​	​	​	​
Outstanding at January 1, 2021	​	128	​	$	33.21
Awarded	​	63		​	41.02	​
Vested	​	(75)		​	32.09	​
Forfeited	​	(6)		​	36.69	​
Outstanding at December 31, 2021	​	110	​	$	38.30	​
​	​	​	​	​	​	​
Outstanding at December 27, 2019	​	58	​	$	33.33	​
Awarded	​	99		​	32.89	​
Vested	​	(29)		​	32.35	​
Forfeited	​	—		​	—	​
Outstanding at January 1, 2021	​	128	​	$	33.21	​

Summary of performance-based restricted stock unit activity

​

​	​	​	​	​	​
​	​	Performance-Based	​	Weighted-Average
​		Restricted Stock Unit		Grant Date Fair Value
​	​	(in thousands)	​	​	​
Outstanding at December 31, 2021	​	224	​	$	31.31
Awarded	​	186	​	​	38.82
Released	​	(278)	​	​	40.99
Forfeited	​	(66)	​	​	26.61
Outstanding at December 30, 2022	​	66	​	$	27.93
​	​	​	​	​	​
Outstanding at January 1, 2021	​	379	​	$	20.68
Awarded	​	282		​	34.84
Released	​	(411)		​	29.08
Forfeited	​	(26)		​	29.93
Outstanding at December 31, 2021	​	224	​	$	31.31
​	​	​	​	​	​
Outstanding at December 27, 2019	​	431	​	$	20.68
Awarded	​	413		​	29.22
Released	​	(447)		​	28.26
Forfeited	​	(18)		​	28.62
Outstanding at January 1, 2021	​	379	​	$	20.68

Summary of valuation assumptions

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

​

2021

​

​

2020

​

Weighted-average expected term (in years)

​

.5

​

​

.5

​

​

​

.5

​

Risk-Free interest Rate

​

1.4

%

​

0.1

%

​

​

0.9

%

Stock Price Volatility

​

30.0

%

​

31.9

%

​

​

30.3

%

Dividend yield

​

0

%

​

0

%

​

​

0

%

Fair Value

​

$

31.11

​

​

$

40.21

​

​

$

28.39

​

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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