XML 58 R43.htm IDEA: XBRL DOCUMENT v3.24.0.1

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 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: 

			December 31, 2023						January 1, 2023						December 26, 2021
Weighted-average fair value of awards			$	3.00					$	5.17					$	4.91
Weighted-average risk-free interest rate			4.2			%			2.7			%			0.8			%
Weighted-average dividend yield			$	0.60					$	0.54					$	0.35
Weighted-average volatility factor			52.8			%			54.6			%			53.3			%
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 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
Granted						126,470						$	10.02
Exercised						(4,800)						$	6.25
Forfeited / Canceled						(21,039)						$	17.38
Awards outstanding at December 31, 2023						922,310						$	15.30					6.0						$	104
Awards exercisable at January 1, 2023						573,863						$	17.50					5.4						$	1,164
Awards exercisable at December 31, 2023						663,740						$	16.84					5.0						$	103

Schedule of Nonvested Share Activity

						Number of Shares						Weighted Average Grant Date Fair Value
Non-vested outstanding at January 1, 2023						247,816						$	7.64
Non-vested outstanding at December 31, 2023						258,570						$	7.84

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 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
Issued						57,974						$	11.22
Vested						(43,303)						$	11.71
Forfeited / Canceled						(967)						$	12.62
Restricted outstanding at December 31, 2023						75,724						$	11.73
Nonvested outstanding at January 1, 2023						62,020						$	12.21
Nonvested outstanding at December 31, 2023						75,724						$	11.73

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 27, 2020						25,862						$	16.80					0.4						$	—
Expired						(25,862)						$	16.80
Warrants outstanding at December 26,2021, January 1, 2023, and December 31, 2023						—						$	—					0.0						$	—
Warrants exercisable January 1, 2023 and December 31, 2023						—						$	—					0.0						$	—

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration