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SHARE-BASED COMPENSATION | 9 Months Ended
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Sep. 27, 2020
Share-based Payment Arrangement [Abstract] |
Share-Based Compensation | SHARE-BASED COMPENSATION Stock Options For the thirteen week periods ended September 27, 2020 and September 29, 2019, the Company recognized $0.2 million of compensation expense related to stock options. For the thirty-nine week periods ended September 27, 2020 and September 29, 2019, the Company recognized $0.4 million and $0.6 million of compensation expense related to stock options, respectively. Unamortized share-based compensation expense as of September 27, 2020 amounted to $1.0 million which is expected to be recognized over the next 2.7 years. A summary of stock option activity is presented as follows:
| Number of Shares |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Life |  | Total Intrinsic Value of Awards (in thousands)
Options outstanding at December 29, 2019 | 564,845 |  |  | $ | 18.90 |  |  | 7.7 |  | $ | 2,412 |
Granted | 88,610 |  |  | $ | 9.72 |  |  |  |  |
Forfeited / Canceled | (3,300) |  |  | $ | 24.09 |  |  |  |  |
Options outstanding at September 27, 2020 | 650,155 |  |  | $ | 17.62 |  |  | 7.3 |  | $ | 79 |
Options exercisable at December 29, 2019 | 313,645 |  |  | $ | 16.05 |  |  | 6.8 |  | $ | 1,991 |
Options exercisable at September 27, 2020 | 416,317 |  |  | $ | 16.96 |  |  | 6.6 |  | $ | 79 |
|  | Number of Shares |  | Weighted Average Grant Date Fair Value
Nonvested outstanding at December 29, 2019 |  | 251,200 |  |  | $ | 22.46 |
Nonvested outstanding at September 27, 2020 |  | 233,838 |  |  | $ | 18.80 |
For the thirty-nine week period ended September 29, 2019, the Company issued 16,694 shares of common stock upon the cashless exercise of 38,614 stock options. Restricted Stock For the thirteen week periods ended September 27, 2020 and September 29, 2019, the Company recognized $0.1 million of compensation expense related to restricted stock awards. For the thirty-nine week periods ended September 27, 2020 and September 29, 2019, the Company recognized $0.2 million of compensation expense related to restricted stock awards. Unamortized share-based compensation expense as of September 27, 2020 amounted to $0.3 million which is expected to be recognized over the next 1.8 years. A summary of restricted stock activity is presented as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value
Restricted outstanding at December 29, 2019 | 18,000 |  |  | $ | 28.61 |
Issued | 10,032 |  |  | $ | 9.72 |
Restricted outstanding at September 27, 2020 | 28,032 |  |  | $ | 21.85 |
Nonvested outstanding at December 29, 2019 | 18,000 |  |  | $ | 28.61 |
Nonvested outstanding at September 27, 2020 | 16,524 |  |  | $ | 20.01 |
Warrant Activity For the thirteen and thirty-nine week periods ended September 27, 2020 and September 29, 2019, the Company did not recognize compensation cost related to warrants. There was no unamortized stock compensation expense to be recognized as of September 27, 2020. A summary of warrant activity is presented as follows:
| Number of Shares |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Life |  | Total Intrinsic Value of Options (in thousands)
Warrants outstanding at December 29, 2019 | 64,482 |  |  | $ | 13.84 |  |  | 0.8 |  | $ | 473 |
Forfeited | (38,620) |  |  | $ | 11.85 |  |  |  |  |
Warrants outstanding at September 27, 2020 | 25,862 |  |  | $ | 16.80 |  |  | 0.7 |  | $ | — |
Warrants exercisable at December 29, 2019 | 64,482 |  |  | $ | 13.84 |  |  | 0.8 |  | $ | 473 |
Warrants exercisable at September 27, 2020 | 25,862 |  |  | $ | 16.80 |  |  | 0.7 |  | $ | — |
There were no nonvested warrants outstanding at September 27, 2020 and December 29, 2019. For the thirty-nine week period ended September 29, 2019, the Company issued 423 shares of common stock upon the cashless exercise of 1,020 warrants. The intrinsic value in the tables above is the amount by which the market value of the underlying stock exceeded the exercise price of outstanding options or warrants, before applicable income taxes and represents the amount holders would have realized if all in-the-money options or warrants had been exercised on the last business day of the period indicated.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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