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SHARE-BASED COMPENSATION (Tables)

12 Months Ended

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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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

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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.

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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.

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