XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.21.1

Shareholders' Equity (Tables) | 3 Months Ended
--- | ---
Apr. 04, 2021
Stockholders' Equity Note [Abstract] |
Schedule of Shareholders' Equity | The following tables depict the activity in the accounts which make up shareholders’ equity for the three months ended April 4, 2021 and April 5, 2020:
| SHARES |  | COMMON STOCK |  | ADDITIONAL PAID-IN CAPITAL |  | RETAINED EARNINGS |  | PENSION LIABILITY |  | FOREIGN CURRENCY TRANSLATION ADJUSTMENT |  | CASH FLOW HEDGE
| (in thousands)
Balance, at January 3, 2021 | 58,664 |  |  | $ | 5,865 |  |  | $ | 247,920 |  |  | $ | 208,562 |  |  | $ | (69,288) |  |  | $ | (60,331) |  |  | $ | (6,190) |
Net income | — |  |  | — |  |  | — |  |  | 6,938 |  |  | — |  |  | — |  |  | — |
Restricted stock issuances | 376 |  |  | 38 |  |  | 5,277 |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized compensation expense related to restricted stock awards | — |  |  | — |  |  | (5,315) |  |  | — |  |  | — |  |  | — |  |  | — |
Cash dividends declared, $0.01 per common share | — |  |  | — |  |  | — |  |  | (589) |  |  | — |  |  | — |  |  | — |
Forfeitures and compensation expense related to stock awards | (26) |  |  | (2) |  |  | 689 |  |  | — |  |  | — |  |  | — |  |  | — |
Pension liability adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 89 |  |  | — |  |  | — |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (19,597) |  |  | — |
Reclassification out of accumulated other comprehensive income - discontinued cash flow hedge | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 749 |
Balance, at April 4, 2021 | 59,014 |  |  | $ | 5,901 |  |  | $ | 248,571 |  |  | $ | 214,911 |  |  | $ | (69,199) |  |  | $ | (79,928) |  |  | $ | (5,441) |
| SHARES |  | COMMON STOCK |  | ADDITIONAL PAID-IN CAPITAL |  | RETAINED EARNINGS |  | PENSION LIABILITY |  | FOREIGN CURRENCY TRANSLATION ADJUSTMENT |  | CASH FLOW HEDGE
| (in thousands)
Balance, at December 29, 2019 | 58,416 |  |  | $ | 5,842 |  |  | $ | 250,306 |  |  | $ | 286,056 |  |  | $ | (56,700) |  |  | $ | (113,139) |  |  | $ | (4,163) |
Net loss | — |  |  | — |  |  | — |  |  | (102,167) |  |  | — |  |  | — |  |  | — |
Issuances of stock (other than restricted stock) | 220 |  |  | 22 |  |  | 197 |  |  | — |  |  | — |  |  | — |  |  | — |
Restricted stock issuances | 107 |  |  | 10 |  |  | 1,720 |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized compensation expense related to restricted stock awards | — |  |  | — |  |  | (1,731) |  |  | — |  |  | — |  |  | — |  |  | — |
Cash dividends declared, $0.065 per common share | — |  |  | — |  |  | — |  |  | (3,807) |  |  | — |  |  | — |  |  | — |
Forfeitures and compensation expense related to stock awards | (255) |  |  | (25) |  |  | (4,114) |  |  | — |  |  | — |  |  | — |  |  | — |
Pension liability adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 1,733 |  |  | — |  |  | — |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15,245) |  |  | — |
Cash flow hedge unrealized loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,140) |
Balance, at April 5, 2020 | 58,488 |  |  | $ | 5,849 |  |  | $ | 246,378 |  |  | $ | 180,082 |  |  | $ | (54,967) |  |  | $ | (128,384) |  |  | $ | (10,303) |
Schedule of Restricted Stock Outstanding and Activity | The following table summarizes restricted stock outstanding as of April 4, 2021, as well as activity during the three months then ended:
| Restricted Shares |  | Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021 | 436,900 |  |  | $ | 24.73 |
Granted | 375,600 |  |  | 14.15 |
Vested | (58,600) |  |  | 24.09 |
Forfeited or canceled | (3,100) |  |  | 16.69 |
Outstanding at April 4, 2021 | 750,800 |  |  | $ | 19.52 |
Schedule of Performance Shares Outstanding and Activity | The following table summarizes the performance shares outstanding as of April 4, 2021, as well as the activity during the three months then ended:
| Performance Shares |  | Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021 | 405,300 |  |  | $ | 16.94 |
Granted | 296,900 |  |  | 14.15 |
Vested | — |  |  | — |
Forfeited or canceled | (47,500) |  |  | 23.42 |
Outstanding at April 4, 2021 | 654,700 |  |  | $ | 15.20 |

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration