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Share-based Compensation (Tables)
6 Months Ended
Jul. 02, 2023
Share-Based Payment Arrangement [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 1, 2023

 

 

300,035

 

 

$

4.24

 

 

 

 

 

 

 

Exercised

 

 

(30,675

)

 

 

3.04

 

 

 

 

 

 

 

Outstanding at July 2, 2023

 

 

269,360

 

 

$

4.38

 

 

 

6.31

 

 

$

1,484,821

 

Exercisable at July 2, 2023

 

 

190,701

 

 

$

3.95

 

 

 

6.03

 

 

$

1,043,239

 

Vested and Expected to Vest at July 2, 2023

 

 

269,165

 

 

$

4.38

 

 

 

6.31

 

 

$

1,484,205

 

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 1, 2023

 

 

587,675

 

 

$

11.64

 

Granted

 

 

327,112

 

 

 

7.91

 

Vested

 

 

(250,055

)

 

 

9.65

 

Forfeited

 

 

(10,225

)

 

 

10.55

 

Balance at July 2, 2023

 

 

654,507

 

 

$

10.55