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Shareholders' Equity (Tables) | 9 Months Ended
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Oct. 03, 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 and nine months ended October 3, 2021 and October 4, 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) |  |  | — |  |  | — |  |  | — |
Compensation expense related to stock awards, net of forfeitures | (26) |  |  | (2) |  |  | 689 |  |  | — |  |  | — |  |  | — |  |  | — |
Pension liability adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 89 |  |  | — |  |  | — |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (19,597) |  |  | — |
Reclassification out of accumulated other comprehensive loss - discontinued cash flow hedge | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 749 |
Balance, at April 4, 2021 | 59,014 |  |  | $ | 5,901 |  |  | $ | 248,571 |  |  | $ | 214,911 |  |  | $ | (69,199) |  |  | $ | (79,928) |  |  | $ | (5,441) |
Net income | — |  |  | — |  |  | — |  |  | 15,511 |  |  | — |  |  | — |  |  | — |
Restricted stock issuances | 52 |  |  | 6 |  |  | 789 |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized compensation expense related to restricted stock awards | — |  |  | — |  |  | (794) |  |  | — |  |  | — |  |  | — |  |  | — |
Cash dividends declared, $0.01 per common share | — |  |  | — |  |  | — |  |  | (589) |  |  | — |  |  | — |  |  | — |
Compensation expense related to stock awards | — |  |  | — |  |  | 1,548 |  |  | — |  |  | — |  |  | — |  |  | — |
Pension liability adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 100 |  |  | — |  |  | — |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,455 |  |  | — |
Reclassification out of accumulated other comprehensive loss - discontinued cash flow hedge | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 745 |
Balance, at July 4, 2021 | 59,066 |  |  | $ | 5,907 |  |  | $ | 250,114 |  |  | $ | 229,833 |  |  | $ | (69,099) |  |  | $ | (76,473) |  |  | $ | (4,696) |
Net income | — |  |  | — |  |  | — |  |  | 10,959 |  |  | — |  |  | — |  |  | — |
Cash dividends declared, $0.01 per common share | — |  |  | — |  |  | — |  |  | (593) |  |  | — |  |  | — |  |  | — |
Compensation expense related to stock awards, net of forfeitures | (11) |  |  | (2) |  |  | 1,680 |  |  | — |  |  | — |  |  | — |  |  | — |
Pension liability adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 2,377 |  |  | — |  |  | — |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (14,553) |  |  | — |
Reclassification out of accumulated other comprehensive loss - discontinued cash flow hedge | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,323 |
Balance, at October 3, 2021 | 59,055 |  |  | $ | 5,905 |  |  | $ | 251,794 |  |  | $ | 240,199 |  |  | $ | (66,722) |  |  | $ | (91,026) |  |  | $ | (3,373) |
| 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) |  |  | — |  |  | — |  |  | — |
Compensation expense related to stock awards, net of forfeitures | (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) |
Net income | — |  |  | — |  |  | — |  |  | 4,709 |  |  | — |  |  | — |  |  | — |
Issuances of stock (other than restricted stock) | 12 |  |  | 1 |  |  | (1) |  |  | — |  |  | — |  |  | — |  |  | — |
Restricted stock issuances | 70 |  |  | 7 |  |  | 2,294 |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized compensation expense related to restricted stock awards | — |  |  | — |  |  | (2,300) |  |  | — |  |  | — |  |  | — |  |  | — |
Cash dividends declared, $0.01 per common share | — |  |  | — |  |  | — |  |  | (585) |  |  | — |  |  | — |  |  | — |
Compensation expense related to stock awards, net of forfeitures | (26) |  |  | (3) |  |  | (48) |  |  | — |  |  | — |  |  | — |  |  | — |
Pension liability adjustment | — |  |  | — |  |  | — |  |  | — |  |  | (342) |  |  | — |  |  | — |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,160 |  |  | — |
Cash flow hedge unrealized loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (351) |
Balance, at July 5, 2020 | 58,544 |  |  | $ | 5,854 |  |  | $ | 246,323 |  |  | $ | 184,206 |  |  | $ | (55,309) |  |  | $ | (112,224) |  |  | $ | (10,654) |
Net income | — |  |  | — |  |  | — |  |  | 5,913 |  |  | — |  |  | — |  |  | — |
Issuances of stock (other than restricted stock) | 7 |  |  | 1 |  |  | (1) |  |  | — |  |  | — |  |  | — |  |  | — |
Restricted stock issuances | 127 |  |  | 13 |  |  | (15) |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized compensation expense related to restricted stock awards | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |
Cash dividends declared, $0.01 per common share | — |  |  | — |  |  | — |  |  | (586) |  |  | — |  |  | — |  |  | — |
Compensation expense related to stock awards, net of forfeitures | (8) |  |  | (1) |  |  | 703 |  |  | — |  |  | — |  |  | — |  |  | — |
Pension liability adjustment | — |  |  | — |  |  | — |  |  | — |  |  | (1,471) |  |  | — |  |  | — |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,402 |  |  | — |
Cash flow hedge unrealized loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 864 |
Balance, at October 4, 2020 | 58,670 |  |  | $ | 5,867 |  |  | $ | 247,012 |  |  | $ | 189,533 |  |  | $ | (56,780) |  |  | $ | (88,822) |  |  | $ | (9,790) |
Schedule of Restricted Stock Outstanding and Activity | The following table summarizes restricted stock outstanding as of October 3, 2021, as well as activity during the nine months then ended:
| Restricted Shares |  | Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021 | 436,900 |  |  | $ | 24.73 |
Granted | 428,400 |  |  | 14.26 |
Vested | (167,200) |  |  | 13.68 |
Forfeited or canceled | (14,300) |  |  | 15.48 |
Outstanding at October 3, 2021 | 683,800 |  |  | $ | 21.06 |
Schedule of Performance Shares Outstanding and Activity | The following table summarizes the performance shares outstanding as of October 3, 2021, as well as the activity during the nine months then ended:
| Performance Shares |  | Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021 | 405,300 |  |  | $ | 16.94 |
Granted | 375,800 |  |  | 13.94 |
Vested | — |  |  | — |
Forfeited or canceled | (63,000) |  |  | 21.43 |
Outstanding at October 3, 2021 | 718,100 |  |  | $ | 14.98 |

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- 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
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- 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
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