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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Jan. 01, 2023
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:
| 2022 |  | 2021 |  | 2020 |
Weighted-average fair value of awards | $ | 5.17 |  |  | $ | 4.91 |  |  | $ | 4.60 |  |
Weighted-average risk-free interest rate | 2.7 |  | % | 0.8 |  | % | 0.4 |  | %
Weighted-average dividend yield | $ | 0.54 |  |  | $ | 0.35 |  |  | $ | 0.96 |  |
Weighted-average volatility factor | 54.6 |  | % | 53.3 |  | % | 53.6 |  | %
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 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 |  |  |  |  |
Exercised |  | (1,350) |  |  | $ | 9.72 |  |  |  |  |
Forfeited / Canceled |  | (72,350) |  |  | $ | 15.01 |  |  |  |  |
Awards outstanding at December 26, 2021 |  | 695,329 |  |  | $ | 16.91 |  |  | 6.7 |  | $ | 665 |
Granted |  | 164,000 |  |  | $ | 12.87 |  |  |  |  |
Exercised |  | (1,000) |  |  | $ | 9.75 |  |  |  |  |
Forfeited / Canceled |  | (36,650) |  |  | $ | 17.65 |  |  |  |  |
Awards outstanding at January 1, 2023 |  | 821,679 |  |  | $ | 16.08 |  |  | 6.4 |  | $ | 1,907 |
Awards exercisable at December 26, 2021 |  | 475,765 |  |  | $ | 17.62 |  |  | 5.9 |  | $ | 452 |
Awards exercisable at January 1, 2023 |  | 573,863 |  |  | $ | 17.50 |  |  | 5.4 |  | $ | 1,164 |
Schedule of Nonvested Share Activity |
|  | Number of Shares |  | Weighted Average Grant Date Fair Value
Non-vested outstanding at December 26, 2021 |  | 219,564 |  |  | $ | 12.73 |
Non-vested outstanding at January 1, 2023 |  | 247,816 |  |  | $ | 7.64 |
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 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 |
Issued |  | 32,344 |  |  | $ | 13.14 |
Vested |  | (31,168) |  |  | $ | 11.79 |
Restricted outstanding at January 1, 2023 |  | 62,020 |  |  | $ | 12.21 |
Nonvested outstanding at December 26, 2021 |  | 60,844 |  |  | $ | 11.91 |
Nonvested outstanding at January 1, 2023 |  | 62,020 |  |  | $ | 12.21 |
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 29, 2019 |  | 64,482 |  |  | $ | 13.84 |  |  | 0.8 |  | $ | 473 |
Expired |  | (38,620) |  |  | $ | 11.85 |  |  |  |  |
Warrants exercisable at December 27, 2020 |  | 25,862 |  |  | $ | 16.80 |  |  | 0.4 |  | $ | — |
Expired |  | (25,862) |  |  | $ | 16.80 |  |  |  |  |
Warrants outstanding at December 26,2021 and January 1, 2023 |  | — |  |  | $ | — |  |  | 0.0 |  | $ | — |
Warrants exercisable at December 26, 2021 and January 1, 2023 |  | — |  |  | $ | — |  |  | 0.0 |  | $ | — |

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- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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