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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Share-Based Compensation

Summary of option activity

Options

Weighted Average Exercise Price

Weighted Average Remaining Contractual Term

Aggregate Intrinsic Value

(in thousands)

Outstanding at January 2, 2016

1,206,778

$

26.36

Fiscal 2016:

Granted

32,000

30.96

Exercised

(124,931

)

22.83

$

729

Expired

(168,764

)

48.95

Forfeited

—

—

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Outstanding at December 31, 2016

945,083

22.95

4.09

$

12,904

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Options exercisable at December 31, 2016

577,963

$

22.18

3.26

$

8,337

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Vested or expected to vest at December 31, 2016

939,630

$

22.94

4.08

$

12,835

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Schedule of weighted average assumptions used to estimate the fair market value of the stock options at the date of grant

		2016			2015			2014
Risk-free interest rate			1.3	%		1.4	%		1.6	%
Expected volatility			36	%		39	%		43	%
Expected dividend yield			1.5	%		—			—
Forfeiture rate			0.5	%		1.1	%		4.0	%
Weighted average expected life (in years)			4.58			4.50			5.00

Summary of options outstanding and options exercisable

The following table summarizes stock options outstanding and stock options exercisable under the 2006 Equity Plan as of December 31, 2016:

Options Outstanding

Options Exercisable

Range of Exercise Prices

Number Outstanding at December 31, 2016

Weighted- Average Remaining Contractual Life (years)

Weighted- Average Exercise Price

Number Exercisable at December 31, 2016

Weighted- Average Remaining Contractual Life (years)

Weighted- Average Exercise Price

$16.12 - 21.48

324,259

3.14

$

19.20

263,086

2.97

$

19.36

$21.49 - 26.86

408,809

4.26

21.75

224,890

2.94

21.94

$26.87 - 32.23

212,015

5.20

30.98

89,987

4.89

30.98

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Total

945,083

4.09

$

22.95

577,963

3.26

$

22.18

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Schedule of roll-forward of the outstanding stock options

The following table provides a roll-forward of the outstanding stock options under the 2006 Equity Incentive Plan over fiscal 2016:

		Options
		Number of Shares			Weighted-Average Fair Value
Non-vested at January 2, 2016			505,264		$	8.75
Granted			32,000			9.93
Vested			(170,144	)		8.74
Forfeited			—			—
​	​	​	​	​	​	​	​
Non-vested at December 31, 2016			367,120		$	8.86
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of roll-forward of shares of restricted stock

The following table provides a roll-forward of the shares of restricted stock under the 2006 Equity Incentive Plan over fiscal 2016:

		Shares of Restricted Stock
		Number of Shares			Weighted-Average Fair Value
Non-vested at January 2, 2016			68,741		$	22.47
Granted			21,231			24.73
Vested			(27,850	)		21.58
Forfeited			—			—
​	​	​	​	​	​	​	​
Non-vested at December 31, 2016			62,122		$	23.64
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of roll-forward of the time-vesting restricted stock units

The following table provides a roll-forward of the time-vesting restricted stock units under the 2006 Equity Incentive Plan over fiscal 2016:

		Time-Vesting Restricted Stock Units
		Number of Units			Weighted-Average Fair Value
Non-vested at January 2, 2016			252,321		$	23.36
Granted			16,000			30.96
Vested			(83,570	)		22.99
Forfeited			—			—
​	​	​	​	​	​	​	​
Non-vested at December 31, 2016			184,751		$	24.18
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Summary of outstanding non-vested performance-vesting restricted stock units

		Performance- Vesting Restricted Stock Units
		Number of Units
Non-vested at December 28, 2013			245,200
Granted			153,518
Vested			(25,336	)
Forfeited			(7,914	)
​	​	​	​	​
Non-vested at January 3, 2015			365,468
​	​	​	​	​
​	​	​	​	​
Granted			204,315
Vested			—
Forfeited			(11,624	)
​	​	​	​	​
Non-vested at January 2, 2016			558,159
​	​	​	​	​
​	​	​	​	​
Granted			26,666
Vested			(90,485	)
Forfeited			(83,187	)
​	​	​	​	​
Non-vested at December 31, 2016			411,153
​	​	​	​	​
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