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Stock Based Compensation (Tables)
12 Months Ended
Jan. 01, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Share Based Compensation Included In Net Income

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

 

 

 

January 1,

 

January 2,

 

December 27,

 

 

2016

 

2015

 

2013

Restricted stock units

 

$

6,776 

 

$

4,994 

 

$

4,864 

Stock options and stock appreciation rights

 

 

2,658 

 

 

477 

 

 

477 

Common stock subject to vesting requirements

 

 

927 

 

 

899 

 

 

778 

 

 

$

10,361 

 

$

6,370 

 

$

6,119 

 

 

 

 

 

 

 

 

 

 

 

Summary Of Stock Option Activity Under The Company's Stock Option Plans

Stock option activity under the Company’s stock option plans for the year ended January 1, 2016 is summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Option Shares

 

 

Weighted Average
Exercise Price

 

Weighted Average

Remaining

Contractual Term

 

 

Aggregate
Intrinsic Value

Outstanding as of January 2, 2015

 

297,667 

 

$

4.00 

 

 

 

 

 

Exercised

 

(67,500)

 

 

3.99 

 

 

 

 

 

Forfeited or expired

 

 —

 

 

 —

 

 

 

 

 

Outstanding as of January 1, 2016

 

230,167 

 

$

4.00 

 

6.20 

 

$

2,778,178 

Exercisable at January 1, 2016

 

90,167 

 

$

4.00 

 

6.21 

 

$

1,088,378 

 

 

 

 

 

 

 

 

 

 

 

 

A summary of the Company’s stock option activity for the years ended January 2, 2015 and December 27, 2013 was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 2, 2015

 

December 27, 2013

 

 

Option Shares

 

 

Weighted Average
Exercise Price

 

Option Shares

 

 

Weighted Average
Exercise Price

Outstanding at beginning of year

 

366,714 

 

$

4.39 

 

3,898,864 

 

$

4.34 

Exercised

 

(8,750)

 

 

4.04 

 

(109,683)

 

 

4.29 

Forfeited or expired (1)

 

(60,297)

 

 

6.35 

 

(3,422,467)

 

 

4.33 

Outstanding at end of year

 

297,667 

 

$

4.00 

 

366,714 

 

$

4.39 

Exercisable at end of year

 

17,667 

 

$

3.96 

 

86,714 

 

$

5.63 

 

 

 

 

 

 

 

 

 

 

 

 

Includes 2,916,563 of unvested performance-based stock options granted in 2012 and subsequently surrendered and replaced with SARs in 2013 and 470,000 vested stock options surrendered in 2013 and replaced with SARs. See SARs discussion below.

Other Information Pertaining To Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

January 1, 2016

 

January 2, 2015

 

December 27, 2013

Total intrinsic value of stock options exercised

 

$

660 

 

$

36 

 

$

163 

 

 

 

 

 

 

 

 

 

 

 

Summary Information About The Company's Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

Range of Exercise Prices

 

Number
Outstanding

 

Weighted Average

Remaining

Contractual Life

(Years)

 

 

Weighted Average
Exercise Price

 

Number
Exercisable

 

 

Weighted Average
Exercise Price

$0.00 - $4.00

 

230,167 

 

6.20 

 

$

4.00 

 

90,167 

 

$

4.00 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary Of Activity For Common Stock Subject To Vesting Requirements

 

 

 

 

 

 

 

 

 

Number of Shares of

Common Stock

Subject to Vesting

Requirements

 

Weighted Average

Grant-Date

Fair Value

Nonvested balance as of January 2, 2015

 

 

264,474 

 

$

7.54 

Granted

 

 

483,051 

 

 

9.44 

Vested

 

 

 —

 

 

 —

Nonvested balance as of January 1, 2016

 

 

747,525 

 

$

8.77 

 

 

 

 

 

 

 

 

Stock Appreciation Rights (SARs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Stock Option Activity Under The Company's Stock Option Plans

 

 

 

 

 

 

 

 

 

 

 

 

Number of SARs

 

Weighted Average
Exercise Price

 

Weighted Average
Fair Value

Outstanding as of January 2, 2015

 

 

2,916,563 

 

$

4.00 

 

$

1.31 

Expired

 

 

 —

 

 

 —

 

 

 —

Outstanding as of January 1, 2016

 

 

2,916,563 

 

$

4.00 

 

$

1.31 

Exercisable at January 1, 2016

 

 

1,458,282 

 

$

4.00 

 

$

0.96 

 

 

 

 

 

 

 

 

 

 

 

Summary Of Assumptions Used To Determine Fair Value

 

 

 

Expected volatility

 

43% 

Risk-free rate

 

0.35% - 1.00%

Expected term (in years)

 

2-6 

 

Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Restricted Stock Unit Activity

 

 

 

 

 

 

 

 

 

Number of

Restricted

Stock Units

 

Weighted Average

Grant-Date

Fair Value

Nonvested balance as of January 2, 2015

 

 

2,315,213 

 

$

5.41 

Granted

 

 

741,806 

 

 

8.50 

Vested

 

 

(865,881)

 

 

4.53 

Forfeited

 

 

(55,902)

 

 

5.19 

Nonvested balance as of January 1, 2016

 

 

2,135,236 

 

$

6.85