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SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 26, 2021

Share-based Payment Arrangement [Abstract]

Valuation Assumptions Used For Stock Options

The following assumptions were used to estimate the fair value of stock options for the years ended: 

			2021						2020						2019
Weighted-average fair value of awards			$	4.91					$	4.60					$	5.08
Weighted-average risk-free interest rate			0.8			%			0.4			%			2.3			%
Weighted-average dividend yield			$	0.35					$	0.96					$	1.18
Weighted-average volatility factor			53.3			%			53.6			%			42.6			%
Weighted-average expected life			10.0			yrs			10.0			yrs			10.0			yrs

Stock Option Activity

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 Options (in thousands)
Awards outstanding at December 30, 2018						495,485						$	17.53					8.0						$	2,295
Granted						138,750						$	21.49
Exercised						(39,190)						$	12.60
Forfeited / Canceled						(30,200)						$	16.53
Awards outstanding at December 29, 2019						564,845						$	18.90					7.7						$	2,412
Granted						93,610						$	10.28
Forfeited / Canceled						(5,800)						$	22.22
Awards outstanding at December 27, 2020						652,655						$	17.63					7.1						$	665
Granted						116,374						$	11.57
Forfeited / Canceled						(72,350)						$	15.01
Awards outstanding at December 26, 2021						695,329						$	16.91					6.7						$	665
Awards exercisable at December 27, 2020						416,717						$	16.96					6.3						$	463
Awards exercisable at December 26, 2021						475,765						$	17.62					5.9						$	452

Schedule of Nonvested Share Activity

						Number of Shares						Weighted Average Grant Date Fair Value
Non-vested outstanding at December 27, 2020						235,938						$	18.83
Non-vested outstanding at December 26, 2021						219,564						$	12.73

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

A summary of restricted stock activity is presented as follows: 

						Number of Shares						Weighted Average Grant Date Fair Value
Restricted outstanding at December 30, 2018						31,500						$	28.61
Vested						(9,000)						$	28.61
Forfeited / Canceled						(4,500)						$	28.61
Restricted outstanding at December 29, 2019						18,000						$	28.61
Issued						21,624						$	9.02
Vested						(14,406)						$	21.26
Restricted outstanding at December 27, 2020						25,218						16.01
Issued						64,702						$	12.04
Vested						(29,076)						$	15.75
Restricted outstanding at December 26, 2021						60,844						$	11.91
Nonvested outstanding at December 27, 2020						25,218						$	16.01
Nonvested outstanding at December 26, 2021						60,844						$	11.91

Warrant Activity

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 Warrants (in thousands)
Warrants outstanding at December 30, 2018						93,216						$	11.59					1.3						$	805
Exercised						(28,734)						$	6.55
Warrants exercisable at December 29, 2019						64,482						$	13.84					0.8						$	473
Expired						(38,620)						$	11.85
Warrants outstanding at December 27, 2020						25,862						$	16.80					0.4						$	—
Expired						(25,862)						$	16.80
Warrants outstanding at December 26, 2021						—						$	—					0						$	—
Warrants exercisable at December 27, 2020						25,862						$	16.80					0.4						$	—
Warrants exercisable at December 26, 2021						—						$	—					0						$	—

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Tabular disclosure of the changes in outstanding nonvested shares.

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