Stock Plans (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each of these option awards is estimated on the date of grant using the Black-Scholes option pricing model with the weighted average assumptions noted in the following table. Expected volatility is based on the historical volatility of the Company’s common stock. Since the Company’s option exercise history is limited, it has estimated the expected term of these option grants to be the midpoint between the vesting period and the contractual term of each award. The risk-free interest rate is based on the U.S. Treasury yield curve in effect on the date of grant which most closely corresponds to the expected term of the Time-Vesting Options. The dividend yield is based on the Company’s historic average dividend yield. The Company did not grant any Time-Vesting Options in fiscal 2014.


	December 31, 2016	January 2, 2016
Dividend yield	0.0%	0.0%
Volatility	49.6% - 51.4%	41.0%
Risk-free interest rate	1.24% - 2.26%	1.84% - 1.89%
Expected term (years)	6.0	6.0

Schedule of Share-based Compensation, Stock Options, Activity

A summary of all option activity under the Stock Plans and the Winfrey Option (see Note 4 for additional disclosure regarding the Winfrey Option) for the fiscal year ended December 31, 2016 is presented below:


	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Yrs.)		Aggregate Intrinsic Value
Outstanding at January 2, 2016		5,330		$	11.79
Granted		118		$	11.79
Exercised		(20	)	$	5.25
Cancelled		(315	)	$	12.71

Outstanding at December 31, 2016		5,113		$	11.76		8.3	$	20,293

Exercisable at December 31, 2016		4,490		$	12.49		8.2	$	17,135

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

A summary of RSU activity under the Stock Plans for the fiscal year ended December 31, 2016 is presented below:


	Shares			Weighted-Average Grant-Date Fair Value
Outstanding at January 2, 2016		1,366		$	14.66
Granted		758		$	12.68
Vested		(475	)	$	10.84
Forfeited		(511	)	$	16.41

Outstanding at December 31, 2016		1,138		$	14.15

Schedule of Share-based Compensation, Performance Stock Units Award Activity

A summary of PSU activity under the 2014 Plan for the fiscal year ended December 31, 2016 is presented below:


	Shares			Weighted-Average Grant- Date Fair Value
Outstanding at January 2, 2016		0		$	0
Granted		290		$	13.19
Vested		(1	)	$	13.20
Forfeited		(91	)	$	13.20

Outstanding at December 31, 2016		198		$	13.19

Special Performance Based Options Awards

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The expected term represented the period from the grant date to the end of the five year performance period. Compensation expense on T&P Options was recognized ratably over the three year required service period as this period was longer than the derived service period calculated by the Monte Carlo simulation.


	January 2, 2016	January 3, 2015
Dividend yield	0.0%	0.0%
Volatility	40.5%	37.8%
Risk-free interest rate	1.6%	1.4% -1.8%
Expected term (years)	5.0	5.0