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Share-based Compensation (Tables)

3 Months Ended

Apr. 04, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Share Option Awards

A summary of the status of the Company’s share option awards is presented below:

		Shares				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Life (In Years)				Aggregate Intrinsic Value
Outstanding at January 3, 2021			742,800			$	4.62
Exercised			(196,200	)			4.98
Outstanding at April 4, 2021			546,600			$	4.49				7.77			$	6,608,776
Exercisable at April 4, 2021			167,887			$	6.98				6.60			$	1,652,228
Vested and Expected to Vest at April 4, 2021			538,806			$	4.52				7.75			$	6,501,621

Weighted-Average Assumptions Used to Estimate the Fair Value of Each Share Option Award

The fair value of each share option award on the date of grant is estimated using the Black-Scholes method based on the following weighted-average assumptions:

		13 Weeks Ended
		April 4, 2021				March 29, 2020
Risk-free interest rate			—				0.9	%
Expected term			—			5.7 years
Expected volatility			—				63.0	%
Expected dividend yield			—				—

Summary of Nonvested Share Awards Activity

A summary of the status of the Company’s nonvested share awards is presented below:

		Shares				Weighted- Average Grant- Date Fair Value
Balance at January 3, 2021			591,325			$	3.79
Granted			235,480				14.89
Vested			(188,550	)			5.91
Forfeited			(3,520	)			4.03
Balance at April 4, 2021			634,735			$	7.28

A summary of the status of the Company’s nonvested share unit awards is presented below:

		Units				Weighted- Average Grant- Date Fair Value
Balance at January 3, 2021			41,160			$	1.91
Dividend reinvestments			2,574				14.73
Dividend reinvestments vested			(2,155	)			14.73
Balance at April 4, 2021			41,579			$	2.04

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Tabular disclosure of the changes in outstanding nonvested shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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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