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SHARE-BASED COMPENSATION
3 Months Ended
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 ShareWeighted Average Remaining Contractual LifeTotal Intrinsic Value of Awards
(in thousands)
Options outstanding at January 1, 2023821,679 $16.08 6.4$1,907 
Granted22,970 $11.84 
Forfeited / Canceled(8,000)$11.91 
Options outstanding at April 2, 2023836,649 $16.00 6.3$248 
Options exercisable at January 1, 2023573,863 $17.50 5.4$1,164 
Options exercisable at April 2, 2023581,928 $17.65 5.2$213 
 Number of
Shares
Weighted Average Grant Date Fair Value
Nonvested outstanding at January 1, 2023247,816 $7.64 
Nonvested outstanding at April 2, 2023254,721 $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.