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SHARE-BASED COMPENSATION | 3 Months Ended
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Apr. 02, 2023
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | SHARE-BASED COMPENSATION Stock Options For the thirteen week periods ended April 2, 2023 and March 27, 2022, the Company recognized $0.2 million and $0.1 million of compensation expense from continuing operations related to stock options, respectively. Unamortized share-based compensation expense from continuing operations as of April 2, 2023 amounted to $1.0 million which is expected to be recognized over the next 2.7 years. As of April 2, 2023, a total of 1.0 million shares remain available for issuance under 2013 Plan. 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 January 1, 2023 | 821,679 |  |  | $ | 16.08 |  |  | 6.4 |  | $ | 1,907 |
Granted | 22,970 |  |  | $ | 11.84 |  |  |  |  |
Forfeited / Canceled | (8,000) |  |  | $ | 11.91 |  |  |  |  |
Options outstanding at April 2, 2023 | 836,649 |  |  | $ | 16.00 |  |  | 6.3 |  | $ | 248 |
Options exercisable at January 1, 2023 | 573,863 |  |  | $ | 17.50 |  |  | 5.4 |  | $ | 1,164 |
Options exercisable at April 2, 2023 | 581,928 |  |  | $ | 17.65 |  |  | 5.2 |  | $ | 213 |
|  | Number of Shares |  | Weighted Average Grant Date Fair Value
Nonvested outstanding at January 1, 2023 |  | 247,816 |  |  | $ | 7.64 |
Nonvested outstanding at April 2, 2023 |  | 254,721 |  |  | $ | 7.34 |
For the thirteen week periods ended April 2, 2023 and March 27, 2022, the Company did not issue shares under a cashless exercise. Restricted Stock For the thirteen week periods ended April 2, 2023 and March 27, 2022, the Company recognized $0.2 million and $0.1 million of compensation expense related to restricted stock awards, respectively. Unamortized share-based compensation expense as of April 2, 2023 amounted to $0.8 million which is expected to be recognized over the next 1.9 years.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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