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Stock-Based Compensation (Tables) | 12 Months Ended
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Jan. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of allocation of share-based compensation expense [Table Text Block] |
|  |  | January 2, 2021 |  |  |  | December 28, 2019 |  |  |  | December 29, 2018 |
|  |  | $ |  |  |  | $ |  |  |  | $ |
Selling, general and administrative expenses |  |  | 12,570 |  |  |  | 10,471 |  |  |  | 6,773 |
Other income |  |  | (894 | ) |  |  | (4,131 | ) |  |  | — |
Earnings from discontinued operations |  |  | 540 |  |  |  | 1,145 |  |  |  | 1,166 |
Total stock-based compensation expense |  |  | 12,216 |  |  |  | 7,485 |  |  |  | 7,939 |
Stock Options [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of stock option activity [Table Text Block] | The following table summarizes stock option activity for the year ended January 2, 2021:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted- |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | average |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  | Weighted- |  |  |  | remaining |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  | average |  |  |  | contractual |  |  |  | Aggregate |
|  |  | Stock options |  |  |  | exercise price |  |  |  | term (years) |  |  |  | intrinsic value |
Outstanding, beginning of year |  |  | 1,949,888 |  |  |  | $ |  |  |  | 7.57 |  |  |  |  |  |  |  |  |  |  |  |  |
Granted |  |  | 555,092 |  |  |  |  |  |  |  | 4.64 |  |  |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  | (214,854 | ) |  |  |  |  |  |  | 5.80 |  |  |  |  |  |  |  |  |  |  |  |  |
Forfeited |  |  | (119,346 | ) |  |  |  |  |  |  | 8.31 |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding, end of year |  |  | 2,170,780 |  |  |  | $ |  |  |  | 6.95 |  |  |  | 5.89 |  |  |  | $ |  |  |  | 10,270 |
Exercisable, end of year |  |  | 1,615,793 |  |  |  | $ |  |  |  | 7.72 |  |  |  | 4.66 |  |  |  | $ |  |  |  | 6,410 |
The total intrinsic value of stock options exercised during the year ended January 2, 2021 was $0.3 million. The following table summarizes non-vested stock option activity during the year ended January 2, 2021:
|  |  |  |  | Weighted- |
|  |  |  |  | average grant- |
|  | Stock options |  |  | date fair value |
Non-vested, beginning of year |  | 579,700 |  | $ | 4.14 |
Granted |  | 555,092 |  |  | 2.52 |
Vested |  | (505,330 | ) |  | 4.17 |
Forfeited |  | (74,475 | ) |  | 3.77 |
Non-vested, end of year |  | 554,987 |  | $ | 2.54 |
Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block] |
|  | January 2, 2021 |  |  | December 28, 2019 |  |  | December 29, 2018 |
Grant-date stock price | $ | 4.64 |  | $ | 3.57 |  | $ | 7.56 |
Dividend yield(1) |  | 0% |  |  | 0% |  |  | 0% |
Expected volatility(2) |  | 60.0% |  |  | 48.6% |  |  | 41.1% |
Risk-free interest rate(3) |  | 0.4% |  |  | 2.3% |  |  | 2.9% |
Expected life of options (years)(4) |  | 6.0 |  |  | 5.8 |  |  | 6.0 |
(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 based on the mid-point of vesting (one through three years) and expiration (10 years).
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block] |
|  |  |  |  |  |  |  |  |  | Weighted- |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | average |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | remaining |  |  | Weighted- |  |  |  |  |  | Weighted- |
Exercise price range |  |  | Outstanding |  |  | contractual life |  |  | average exercise |  |  | Exercisable |  |  | average exercise |
| Low |  |  | High |  |  | options |  |  | (years) |  |  | price |  |  | options |  |  | price |
$ | 3.25 |  | $ | 4.72 |  |  | 232,232 |  |  | 6.38 |  | $ | 3.40 |  |  | 177,524 |  | $ | 3.28 |
| 4.73 |  |  | 4.94 |  |  | 484,944 |  |  | 9.52 |  |  | 4.73 |  |  | — |  |  | — |
| 4.95 |  |  | 7.09 |  |  | 486,955 |  |  | 3.76 |  |  | 6.12 |  |  | 483,955 |  |  | 6.12 |
| 7.10 |  |  | 9.48 |  |  | 317,967 |  |  | 4.22 |  |  | 7.98 |  |  | 305,632 |  |  | 7.99 |
| 9.49 |  |  | 13.86 |  |  | 648,682 |  |  | 5.41 |  |  | 9.99 |  |  | 648,682 |  |  | 9.99 |
|  |  |  |  |  |  | 2,170,780 |  |  | 5.89 |  | $ | 6.95 |  |  | 1,615,793 |  | $ | 7.72 |
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 January 2, 2021:
|  |  |  |  | Weighted- |
|  |  |  |  | average grant- |
|  | RSUs |  |  | date fair value |
Non-vested, beginning of year |  | 413,013 |  | $ | 5.64 |
Granted |  | 647,565 |  |  | 3.20 |
Vested |  | (361,579 | ) |  | 5.50 |
Forfeited |  | (51,700 | ) |  | 4.28 |
Non-vested, end of year |  | 647,299 |  | $ | 3.39 |
Performance Share Unit ("PSUs") [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of non-vested PSU activity [Table Text Block] | The following table summarizes non-vested PSU activity during the year ended January 2, 2021:
|  |  |  |  |  |  | Weighted- |
|  |  |  |  |  |  | average grant- |
|  |  | PSUs |  |  |  | date fair value |
Non-vested, beginning of year |  |  | 2,936,115 |  |  |  | $ |  |  |  | 4.08 |
Granted |  |  | 3,084,107 |  |  |  |  |  |  |  | 3.54 |
Vested |  |  | (1,142,813 | ) |  |  |  |  |  |  | 3.42 |
Forfeited or cancelled |  |  | (1,872,734 | ) |  |  |  |  |  |  | 4.43 |
Non-vested, end of year |  |  | 3,004,675 |  |  |  | $ |  |  |  | 3.56 |
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.
Schedule of non-vested equity awards [Table Text Block] | The following table summarizes activity related to Mr. Ennen's non-vested equity awards during the year ended January 2, 2021:
|  |  | Adjusted EBITDA | Stock price
| Stock |  | performance | performance
| options | RSUs | PSUs | PSUs
Non-vested, beginning of year | 960,061 | 512,619 | 892,857 | 892,857
Vested | — | (170,873) | — | (595,238)
Non-vested, end of year | 960,061 | 341,746 | 892,857 | 297,619
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.
Schedule of non-vested equity awards [Table Text Block] | The following table summarizes activity related to Mr. Huckins' non-vested equity awards during the year ended January 2, 2021:
|  |  | Adjusted EBITDA | Stock price
| Stock |  | performance | performance
| options | RSUs | PSUs | PSUs
Non-vested, beginning of year | 262,182 | 327,819 | 173,319 | 173,319
Vested | — | (109,273) | — | (115,546)
Non-vested, end of year | 262,182 | 218,546 | 173,319 | 57,773

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- 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=120381028&loc=d3e5070-113901 + Details
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