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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for fiscal years 2016, 2015 and 2014:

 

 

Number of Common Shares

 

 

Weighted-

 

 

 

Options

 

 

 

 

 

 

Average

 

 

 

Outstanding

 

 

Exercisable

 

 

Exercise Price

 

Balance at December 31, 2015

 

 

2,419,529

 

 

 

724,529

 

 

$

8.16

 

Granted

 

 

1,494,475

 

 

 

 

 

 

 

12.03

 

Options Subject to Anti-Dilutive Adjustments

 

 

(2,337,643

)

 

 

 

 

 

 

8.75

 

Options Subject to Anti-Dilutive Adjustments

 

 

2,337,643

 

 

 

 

 

 

 

7.04

 

Exercised

 

 

(313,500

)

 

 

 

 

 

 

5.72

 

Cancelled

 

 

(198,023

)

 

 

 

 

 

 

8.10

 

Balance at December 31, 2016

 

 

3,402,481

 

 

 

411,029

 

 

$

9.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 28, 2014

 

 

755,617

 

 

 

616,792

 

 

$

6.09

 

Granted

 

 

1,695,000

 

 

 

 

 

 

 

9.07

 

Exercised

 

 

(25,088

)

 

 

 

 

 

 

9.62

 

Cancelled

 

 

(6,000

)

 

 

 

 

 

 

9.19

 

Balance at December 31, 2015

 

 

2,419,529

 

 

 

724,529

 

 

$

8.16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 29, 2013

 

 

798,171

 

 

 

585,769

 

 

$

5.97

 

Forfeited/cancelled/expired

 

 

(25,211

)

 

 

 

 

 

 

5.19

 

Exercised

 

 

(28,343

)

 

 

 

 

 

 

4.73

 

Granted

 

 

11,000

 

 

 

 

 

 

 

9.18

 

Balance at December 28, 2014

 

 

755,617

 

 

 

616,792

 

 

$

6.09

 

 

Schedule of Assumptions Used to Estimate the Fair Value of Stock Options Granted

The following assumptions were used to estimate the fair value of stock options granted during fiscal years 2016, 2015 and 2014:

 

 

2016

 

 

2015

 

 

2014

 

Expected dividend yield

 

 

 

 

 

 

 

 

Risk-free interest rate

1.43 – 2.40%

 

 

2.18 – 2.36%

 

 

2.39 – 2.88%

 

Expected term (in years)

 

10

 

 

 

10

 

 

 

10

 

Expected volatility

24.03 – 26.95%

 

 

27.24 – 27.60%

 

 

32.87 – 39.35%