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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 27, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity Under Plans and Agreement

A summary of stock option activity is as follows:

 

Options

 

Shares

(Thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(Thousands)

 

 

Weighted

Average

Remaining

Term

(Years)

 

Outstanding—December 31, 2017

 

 

3,309

 

 

$

10.71

 

 

$

7,699

 

 

 

4.90

 

Granted

 

 

203

 

 

 

11.27

 

 

 

 

 

 

 

 

 

Exercised

 

 

(993

)

 

 

8.30

 

 

 

 

 

 

 

 

 

Canceled

 

 

(369

)

 

 

13.63

 

 

 

 

 

 

 

 

 

Outstanding—December 30, 2018

 

 

2,150

 

 

$

11.49

 

 

$

378

 

 

 

5.13

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(22

)

 

 

7.93

 

 

 

 

 

 

 

 

 

Canceled

 

 

(354

)

 

 

12.45

 

 

 

 

 

 

 

 

 

Outstanding—December 29, 2019

 

 

1,774

 

 

$

11.34

 

 

$

 

 

 

4.33

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Canceled

 

 

(541

)

 

 

12.84

 

 

 

 

 

 

 

 

 

Outstanding—December 27, 2020

 

 

1,233

 

 

$

10.68

 

 

$

 

 

 

2.49

 

Exercisable—December 27, 2020

 

 

1,217

 

 

$

10.65

 

 

$

 

 

 

2.43

 

Schedule of Average Assumptions to Value Options

There were no stock option grants in 2020 and 2019. The following table reflects the average assumptions utilized in the Black-Scholes option-pricing model to value the options granted for 2018:

 

 

 

 

 

 

 

2018

 

Risk-free interest rate

 

 

 

 

 

 

 

3.0

%

Expected life (years)

 

 

 

 

 

 

 

6.25

 

Expected dividend yield

 

 

 

 

 

 

 

 

Volatility

 

 

 

 

 

 

 

35.0

%

Weighted average grant date fair value

 

 

 

 

 

 

$

4.52

 

Summary of RSU Activity

A summary of RSU activity is as follows:

 

RSUs

 

 

Number of RSUs

(Thousands)

 

 

Weighted Average

Fair Value per Share

 

Non-vested as of December 31, 2017

 

 

 

267

 

 

$

11.79

 

Granted

 

 

 

131

 

 

 

12.12

 

Vested

 

 

 

(121

)

 

 

11.92

 

Canceled

 

 

 

(30

)

 

 

11.05

 

Non-vested as of December 30, 2018

 

 

 

247

 

 

$

11.99

 

Granted

 

 

 

402

 

 

 

6.47

 

Vested

 

 

 

(135

)

 

 

11.94

 

Canceled

 

 

 

(51

)

 

 

8.48

 

Non-vested as of December 29, 2019

 

 

 

463

 

 

$

7.59

 

Granted

 

 

 

1,604

 

 

 

2.79

 

Vested

 

 

 

(231

)

 

 

2.87

 

Canceled

 

 

 

(842

)

 

 

3.65

 

Non-vested as of December 27, 2020

 

 

 

994

 

 

$

3.35

 

Summary of PSU Activity

A summary of activity for PSUs with market vesting conditions is as follows:

 

PSUs

 

 

Number of PSUs

(Thousands)

 

 

Weighted Average

Fair Value per Share

 

Non-vested as of December 29, 2019

 

 

 

 

 

$

 

Granted

 

 

 

1,475

 

 

 

1.43

 

Vested

 

 

 

(501

)

 

 

4.45

 

Canceled

 

 

 

(472

)

 

 

1.50

 

Non-vested as of December 27, 2020

 

 

 

502

 

 

$

1.38