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PERFORMANCE SHARES, STOCK OPTIONS, OTHER FORMS OF COMPENSATION, AND COMMON SHARE REPURCHASES | 9 Months Ended
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Oct. 02, 2016
Performance Shares, Stock Options, Other Forms Of Compensation And Common Share Repurchaces [Abstract] |
Performance Shares, Stock Options, Other Forms of Compensation and Common Share Repurchases [Text Block] | (9) Performance Shares, Stock Options, Other Forms of Compensation, and Common Share Repurchases Stock-based Compensation Effective May 5, 2015, we adopted a 2015 Equity Plan (the “2015 Plan”), pursuant to which we may grant stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance stock units and other stock and cash awards to eligible participants. We also maintain an Amended and Restated 2005 Stock Incentive Plan (the “2005 Plan”). Together, the 2015 Plan and 2005 Plan are referred to herein as the “Plans.” Under the 20 1 5 Plan, an aggregate of 103,800 shares of our Company’s common stock remained unreserved and available for issuance at October 2, 2016. The 2005 Plan prohibits the granting of incentives after May 12, 2015, the tenth anniversary of the date such Plan was approved by the Company’s shareholders. Nonetheless, the 2005 Stock Incentive Plan will remain in effect until all outstanding incentives granted the reunder have either been satisfied or terminated. We recognized stock-based compensation expense in our consolidated statements of operations for the three and nine months ended October 2, 2016 and September 27, 2015, respectively, as follows:
|  | Three Months Ended |  | Nine Months Ended
|  |  | October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27,
(in thousands) |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015
Performance Stock Units | $ | --- |  | $ | (24) |  | $ | --- |  | $ | 12
Stock Options(1)(2) |  | 157 |  |  | (15) |  |  | 209 |  |  | 241
Restricted Stock and |  |  |  |  |  |  |  |  |  |  |
| Restricted Stock Units |  | 15 |  |  | 15 |  |  | 45 |  |  | 45
|  | $ | 172 |  | $ | (24) |  | $ | 254 |  | $ | 298
(1)The three and nine months ended September 27, 2015 included the recapture of previously recorded stock-based compensation of approximately $105,000 due to employee departures.
(2)The nine months ended October 2, 2016 included the recapture of previously recorded stock-based compensation of approximately $126,000 due to the departure of our previous CFO.
Board of Directors’ Compensation We recognized board of d irectors’ c ompensation expense in our consolidated statement of operations for the three and nine months ended October 2, 2016 and September 27, 2015, respectively, as follows:
|  |  |  |  | Three Months Ended |  |  | Nine Months Ended
|  |  |  |  | October 2, |  |  | September 27, |  |  | October 2, |  |  | September 27,
|  |  |  |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015
| (in thousands) |  |  |  |  |  |  |  |  |  |  |  |
| Stock-based compensation | $ | 15 |  | $ | 15 |  | $ | 45 |  | $ | 45
| Stock option compensation |  | 25 |  |  | (79) |  |  | 69 |  |  | 52
| Cash compensation |  |  | 30 |  |  | 35 |  |  | 65 |  |  | 188
|  |  |  |  |  |  |  |  |  |  | ` |  |  |
| Total board of |  |  |  |  |  |  |  |  |  |  |  |
|  | directors' compensation | $ | 70 |  | $ | (29) |  | $ | 179 |  | $ | 285
| Stock Options |  |  |  |  |  |
| Below is detail related to recent stock option activity associated with certain key employees:
|  |  | Option Details
| Named Executive | Title* | Date | Event | Number | Term | Vesting period
|  |  |  |  |  | (in years)
| Edward H. Rensi | CEO | 1/15/2015 | Grant(1) | 75,000 | 5 | Annually over three years
| Edward H. Rensi | Director | 7/11/2015 | Forfeiture(1) | (20,000) |  |
| Brett D. Heffes | Director | 7/13/2015 | Forfeiture(1) | (20,000) |  |
| David J. Mastrocola | Director | 7/15/2015 | Forfeiture(1) | (20,000) |  |
| Abelardo Ruiz | COO | 8/31/2015 | Grant | 71,324 | 5 | Monthly over four years
| Adam J. Wright | CEO | 1/1/2016 | Grant | 50,000 | 10 | Monthly over two years
| Richard A. Pawlowski | CFO | 1/15/2016 | Grant | 6,000 | 1.21 | Three variable installments
| Alfredo Martel | CMO | 2/12/2016 | Grant | 35,000 | 5 | Monthly over four years
| Richard A. Pawlowski | CFO | 4/11/2016 | Forfeiture(1) | (78,000) |  |
| Dexter Newman | CFO | 4/11/2016 | Grant | 70,000 | 10 | Monthly over four years
| Ananda Gala | Director | 5/3/2016 | Grant | 20,000 | 10 | Monthly over five years
| Bryan Wolff | Director | 5/3/2016 | Grant | 20,000 | 10 | Monthly over five years
| Edward H. Rensi | CEO | 6/18/2016 | Forfeiture(1) | (75,000) |  |
| Edward H. Rensi | Director | 7/11/2016 | Expiration(1) | (25,000) |  |
| * Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), Chief Marketing Officer (CMO)
| See footnote 18, Subsequent Events, for additional information
| (1)These stock option grants were part of the 2005 Plan rather than the 2015 Plan.
The compensation expense for stock option grant s i s recognized under general and administrative expense in our consolidated statements of operations through the applicable service period. Other options granted to certain non-officer employees vest in equal annual installments over a period of four years and expire either five or ten years from the grant date. Compensation expense equal to the grant date fair value is generally recognized for these awards over the vesting period. Options granted to cer tain non-employees in exchange for future services either vest in monthly installments over a period of approximately two years or are granted monthly and vest immediately, and expire five years from the grant date. Expense equal to the current fair value is recognized over the vesting period, with the value being marked to market in each accounting period for any unvested portions of the awards. The fair value of each stock option is estimated on the date of grant using the Black-Scholes valuation method with the assumptions noted in the table below. Due to a lack of recent historical share option exercise experience, the Company uses a simplified method for estimating the expected life, as outlined in Accounting Standards Codification 718, calculated usi ng the following formula: (vesting term + original contract term)/2. Expected volatilities are based on the movement of the C ompany’s common stock price over the most recent historical period equivalent to the expected life of the option. The risk-free in terest rate for periods within the contractual life of the option is based on the U.S. maturities over the expected life at the time of grant. Information regarding our Company’s stock options is summarized below:
| (number of options in thousands) |  | Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life in Years
| Options outstanding at January 3, 2016 |  | 507 |  | $ | 16.66 |  |  | 5.3
|  | Granted |  | 53 |  |  | 17.66 |  |  |
|  | Forfeited |  | (53) |  |  | 32.02 |  |  |
| Options outstanding at April 3, 2016 |  | 507 |  | $ | 13.95 |  |  | 5.2
|  | Granted |  | 206 |  |  | 5.60 |  |  |
|  | Forfeited |  | (3) |  |  | 28.53 |  |  |
|  | Expired |  | (26) |  |  | 32.05 |  |  |
| Options outstanding at July 3, 2016 |  | 684 |  | $ | 10.65 |  |  | 5.9
|  | Granted |  | 46 |  |  | 5.82 |  |  |
|  | Exercised |  | (6) |  |  | 5.90 |  |  |
|  | Forfeited |  | (78) |  |  | 12.17 |  |  |
|  | Canceled or expired |  | (10) |  |  | 31.05 |  |  |
| Outstanding at October 2, 2016 |  | 636 |  | $ | 10.00 |  |  | 6.3
| Options exercisable at October 2, 2016 |  | 242 |  | $ | 11.40 |  |  | 4.5
| Weighted-average values and assumptions for valuing grants made: |  |  |
|  | Nine Months Ended October 2, 2016 |  | Fiscal 2015 |  |  |
| Weighted average fair value of options granted | $ | 2.16 |  | $ | 4.90 |  |  |
| Expected life (in years) |  | 5.7 |  |  | 3.3 |  |  |
| Expected stock volatility |  | 41.3 | % |  | 51.2 | % |  |
| Risk-free interest rate |  | 1.3 | % |  | 1.9 | % |  |

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- Definition Performance Shares, Stock Options, Other Forms Of Compensation And Common Share Repurchaces [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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