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Note 11. Share-Based Compensation | 9 Months Ended
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Sep. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 11. Share-Based Compensation Share-based compensation expense, which includes stock options and restricted stock units, for the three and nine months ended September 30, 2012 and October 2, 2011, respectively, were as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2012 |  |  | October 2, 2011 |  |  | September 30, 2012 |  |  | October 2, 2011 |
Total cost of share-based payment plans |  | $ | 94 |  |  | $ | 107 |  |  | $ | 296 |  |  | $ | 467 |
Stock Options The Company uses the Black Scholes option pricing model to estimate the fair value and compensation cost associated with employee incentive stock options which requires the consideration of historical employee exercise behavior data and the use of a number of assumptions including volatility of the Company’s stock price, the weighted average risk-free interest rate and the weighted average expected life of the options. There were no options granted during the three and nine months ended September 30, 2012. Four thousand options were granted during the three and nine months ended October 2, 2011. The following table summarizes Lakes’ stock option activity during the nine months ended September 30, 2012 and October 2, 2011:
|  | Number of Common Shares |  |  |  |
|  | Options Outstanding |  |  | Exercisable |  |  | Available for Grant |  |  | Weighted-Average Exercise Price |
2012 |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2012 |  |  | 1,644,639 |  |  |  | 1,155,347 |  |  |  | 874,627 |  |  | $ | 2.92 |
Forfeited/cancelled/expired |  |  | (116,600 | ) |  |  |  |  |  |  | 1,000 |  |  |  | 2.88 |
Balance at September 30, 2012 |  |  | 1,528,039 |  |  |  | 1,121,818 |  |  |  | 875,627 |  |  |  | 2.92 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 2, 2011 |  |  | 2,031,084 |  |  |  | 904,076 |  |  |  | 699,215 |  |  | $ | 2.99 |
Restricted stock unit activity, net |  |  | — |  |  |  |  |  |  |  | 1,667 |  |  |  | 3.25 |
Forfeited/cancelled/expired |  |  | (362,946 | ) |  |  |  |  |  |  | 168,996 |  |  |  | 3.18 |
Granted |  |  | 4,000 |  |  |  |  |  |  |  | (4,000 | ) |  |  | 2.29 |
Balance at October 2, 2011 (*) |  |  | 1,672,138 |  |  |  | 991,670 |  |  |  | 865,878 |  |  |  | 2.95 |
(*) Options outstanding do not include 38,337 of outstanding restricted stock units. As of September 30, 2012, the options outstanding had a weighted average remaining contractual life of 7.0 years, weighted average exercise price of $2.92 and aggregate intrinsic value of $0.1 million. The options exercisable have a weighted average exercise price of $3.22, a weighted average remaining contractual life of 6.7 years and aggregate intrinsic value of less than $0.1 million as of September 30, 2012. There were no options exercised during the three and nine months ended September 30, 2012 and October 2, 2011. Lakes’ unrecognized share-based compensation expense related to stock options was approximately $0.4 million as of September 30, 2012, which is expected to be recognized over a weighted-average period of 1.3 years. Lakes issues new shares of common stock upon the exercise of options. Restricted Stock Units The following table summarizes Lakes’ restricted stock unit activity during the nine months ended September 30, 2012 and October 2, 2011:
Non-Vested Shares: |  | Restricted Stock Units |  |  | Weighted-Average Grant- Date Fair Value |
2012 |  |  |  |  |  |
Balance at January 1, 2012 |  |  | 38,337 |  |  | $ | 3.25 |
Vested |  |  | (38,337 | ) |  |  | 3.25 |
Balance at September 30, 2012 |  |  | — |  |  |  | — |
2011 |  |  |  |  |  |  |  |
Balance at January 2, 2011 |  |  | 79,996 |  |  | $ | 3.25 |
Vested |  |  | (39,992 | ) |  |  | 3.25 |
Forfeited |  |  | (1,667 | ) |  |  | 3.25 |
Balance at October 2, 2011 |  |  | 38,337 |  |  |  | 3.25 |
During the nine months ended September 30, 2012, 35,257 common shares were issued upon the vesting of restricted stock units, net of common shares redeemed at the election of the grantee for payroll tax payment.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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