XML 35 R46.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2019
Stock Options [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | The following table summarizes stock option activity for the year ended December 28, 2019:
|  |  |  |  |  |  |  | Weighted- |  |  |  |
|  |  |  |  |  |  |  | average |  |  |  |
|  |  |  |  | Weighted- |  |  | remaining |  |  |  |
|  |  |  |  | average |  |  | contractual |  |  | Aggregate |
|  | Stock options |  |  | exercise price |  |  | term (years) |  |  | intrinsic value |
Outstanding, beginning of year |  | 2,698,550 |  | $ | 7.76 |  |  |  |  |  |  |
Granted |  | 12,400 |  |  | 3.57 |  |  |  |  |  |  |
Exercised |  | (49,824 | ) |  | 3.27 |  |  |  |  |  |  |
Forfeited |  | (617,531 | ) |  | 8.35 |  |  |  |  |  |  |
Expired | (93,707 | ) | 9.51
Outstanding, end of year |  | 1,949,888 | $ | 7.57 |  |  | 5.68 |  | $ | — |
Exercisable, end of year |  | 1,370,188 |  | $ | 6.88 |  |  | 4.94 |  | $ | — |
The following table summarizes non-vested stock option activity during the year ended December 28, 2019:
|  |  |  |  | Weighted- |
|  |  |  |  | average grant- |
|  | Stock options |  |  | date fair value |
Non-vested, beginning of year |  | 1,433,648 |  | $ | 3.74 |
Granted |  | 12,400 |  |  | 1.70 |
Vested |  | (441,034 | ) |  | 3.08 |
Forfeited |  | (425,314 | ) |  | 3.84 |
Non-vested, end of year |  | 579,700 |  | $ | 4.14 |
Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block] |
|  | December 28, 2019 |  |  | December 29, 2018 |  |  | December 30, 2017 |
Grant-date stock price | $ | 3.57 |  | $ | 7.56 |  | $ | 9.29 |
Dividend yield(1) |  | 0% |  |  | 0% |  |  | 0% |
Expected volatility(2) |  | 48.6% |  |  | 41.1% |  |  | 42.1% |
Risk-free interest rate(3) |  | 2.3% |  |  | 2.9% |  |  | 2.0% |
Expected life of options (years)(4) |  | 5.8 |  |  | 6.0 |  |  | 6.4 |
(1) | Determined based on expected annual dividend yield at the time of grant.
(2) | Determined based on historical volatility of the Company’s Common Shares over the expected life of the option.
(3) | Determined based on the yield on U.S. Treasury zero-coupon issues with maturity dates equal to the expected life of the option.
(4) | Determined using simplified method, as the Company changed the vesting period of its stock option grants from five years to three years in 2016, and, as a result, historical exercise data may not provide a reasonable basis upon which to estimate expected life.
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block] | The following table summarizes stock options outstanding and exercisable as at December 28, 2019:
|  |  |  |  |  |  |  |  |  | Weighted- |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | average |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | remaining |  |  | Weighted- |  |  |  |  |  | Weighted- |
| Exercise price range |  |  |  |  |  | Outstanding |  |  | contractual life |  |  | average exercise |  |  | Exercisable |  |  | average exercise |
| Low |  |  | High |  |  | options |  |  | (years) |  |  | price |  |  | options |  |  | price |
$ | 3.27 |  | $ | 5.50 |  |  | 325,115 |  |  | 5.76 |  | $ | 3.75 |  |  | 307,715 |  | $ | 3.73 |
| 5.51 |  |  | 6.73 |  |  | 469,455 |  |  | 4.64 |  |  | 6.19 |  |  | 469,455 |  |  | 6.19 |
| 6.74 |  |  | 8.98 |  |  | 331,610 |  |  | 4.63 |  |  | 7.56 |  |  | 265,498 |  |  | 7.41 |
| 8.99 |  |  | 9.79 |  |  | 559,761 |  |  | 7.50 |  |  | 9.44 |  |  | 87,327 |  |  | 9.26 |
| 9.80 |  |  | 13.86 |  |  | 263,947 |  |  | 4.93 |  |  | 10.73 |  |  | 240,193 |  |  | 10.80 |
|  |  |  |  |  |  | 1,949,888 |  |  | 5.68 |  | $ | 7.57 |  |  | 1,370,188 |  | $ | 6.88 |
Restricted stock units ("RSUs") [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | The following table summarizes non-vested RSU activity during the year ended December 28, 2019:
|  |  |  |  | Weighted- |
|  |  |  |  | average grant- |
|  | RSUs |  |  | date fair value |
Non-vested, beginning of year |  | 597,837 |  | $ | 8.46 |
Granted |  | 274,086 |  |  | 3.33 |
Vested |  | (331,848 | ) |  | 7.79 |
Forfeited |  | (127,062 | ) |  | 8.41 |
Non-vested, end of year |  | 413,013 |  | $ | 5.64 |
Performance Share Units [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] |
|  | December 30, 2017 |
Grant-date stock price | $ | 9.33 |
Dividend yield |  | 0% |
Expected volatility(1) |  | 42.2% |
Risk-free interest rate(2) |  | 1.5% |
Expected life (in years)(3) |  | 3.0 |
(1) | Determined based on the historical volatility of the Common Shares over 6.5 years, which is consistent with the volatility assumption for stock options granted to employees.
(2) | Determined based on U.S. Treasury yields with a remaining term equal to the expected life of the PSUs.
(3) | Determined based on vesting for the PSUs.
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block] | The following table summarizes non-vested PSU activity during the year ended December 28, 2019:
|  |  |  |  | Weighted- |
|  |  |  |  | average grant- |
|  | PSUs |  |  | date fair value |
Non-vested, beginning of year |  | 1,361,896 |  | $ | 5.60 |
Granted | 2,846,962 | 3.42
Forfeited or cancelled |  | (1,272,743 | ) |  | 4.23 |
Non-vested, end of year |  | 2,936,115 |  | $ | 4.08 |
Chief Executive Officer [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block] |
| Stock Options |  | PSUs |
Grant-date stock price | $ | 3.36 |  | $ | 3.36 |
Exercise price | $ | 3.36 |  |  | NA |
Dividend yield |  | 0% |  |  | 0% |
Expected volatility(1) |  | 47.9% |  |  | 55.7% |
Risk-free interest rate(2) |  | 2.4% |  |  | 2.3% |
Expected life (in years)(3) |  | 6.5 |  |  | 1.8 |
(1) Determined based on the historical volatility of the Common Shares over the expected life of the stock options and performance period of the PSUs. (2) Determined based on U.S. Treasury yields with a remaining term equal to the expected life of the stock options and performance period of the PSUs. (3) Determined based on the mid-point of vesting (three years) and expiration (ten years) for the stock options and the derived service period for the PSUs.
Chief Financial Officer [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block] |
| Stock Options |  | PSUs |
Grant-date stock price | $ | 2.38 |  | $ | 2.38 |
Exercise price | $ | 2.38 |  |  | NA |
Dividend yield |  | 0% |  |  | 0% |
Expected volatility(1) |  | 49.7% |  |  | 55.9% |
Risk-free interest rate(2) |  | 1.4% |  |  | 1.4% |
Expected life (in years)(3) |  | 6.5 |  |  | 2.1 |
(1) Determined based on the historical volatility of the Common Shares over the expected life of the stock options and performance period of the PSUs. (2) Determined based on U.S. Treasury yields with a remaining term equal to the expected life of the stock options and performance period of the PSUs. (3) Determined based on the mid-point of vesting (three years) and expiration (ten years) for the stock options and the derived service period for the PSUs.

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: 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=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_ChiefExecutiveOfficerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_ChiefFinancialOfficerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |