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STOCK OPTIONS AND AWARDS | 12 Months Ended
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Jan. 02, 2016
STOCK OPTIONS AND AWARDS [Abstract] |
STOCK OPTIONS AND AWARDS | 7. Stock Options and Awards Stock Options At the end of 2015, the Company had one stock option plan, the 2010 plan, for officers, other key employees, and non-employee directors. Incentive stock options granted under the 2010 plan must have exercise prices that are not less than 100% of the fair market value of the stock on the dates the options are granted. Restricted stock awards may also be granted to participants under the 2010 plan with restrictions determined by the Compensation Committee of the Company’s Board of Directors. Under the 2010 plan, non-qualified stock options granted to participants will have exercise prices determined by the Compensation Committee of the Company’s Board of Directors. No options or restricted stock were granted in 2015, 2014 or 2013. As of January 2, 2016, there were 500,000 shares of common stock reserved and available for future grant under the above noted 2010 plan. Information with respect to the Company’s stock option plans is summarized below:
|  | Shares |  | Weighted Average Exercise Price |
Outstanding at December 29, 2012 |  | 21,000 |  |  | $13.58 |
Exercised |  | (1,000 | ) |  | 13.58 |
Outstanding at December 28, 2013 |  | 20,000 |  |  | 13.58 |
Exercised |  | (20,000 | ) |  | 13.58 |
Outstanding at January 3, 2015 |  | — |  |  |  |
Exercised |  | — |  |  |  |
Outstanding at January 2, 2016 |  | — |  |  |  |
At January 2, 2016, there were no stock options outstanding or exercisable. The total intrinsic value of stock options exercised in 2014 and 2013 was $59,125 and $1,590, respectively.

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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 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 2: 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=51659978&loc=d3e25284-112666 Reference 3: 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 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 FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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