v3.5.0.2
PERFORMANCE SHARES, STOCK OPTIONS, OTHER FORMS OF COMPENSATION, AND COMMON SHARE REPURCHASES (Tables)
9 Months Ended
Oct. 02, 2016
Performance Shares, Stock Options, Other Forms Of Compensation And Common Share Repurchaces [Abstract]  
Schedule of Stock-based Compensation Expense [Table Text Block]
Three Months EndedNine Months Ended
October 2,September 27,October 2,September 27,
(in thousands)2016201520162015
Performance Stock Units$---$(24)$---$12
Stock Options(1)(2)157(15)209241
Restricted Stock and
Restricted Stock Units15154545
$172$(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.
Schedule Of Director Compensation [Table Text Block]
Three Months EndedNine Months Ended
October 2,September 27,October 2,September 27,
2016201520162015
(in thousands)
Stock-based compensation$15$15$45$45
Stock option compensation25(79)6952
Cash compensation303565188
`
Total board of
directors' compensation$70$(29)$179$285
Schedule Of Other Share Based Compensation Activity [Table Text Block]
Stock Options
Below is detail related to recent stock option activity associated with certain key employees:
Option Details
Named ExecutiveTitle*DateEventNumberTerm Vesting period
(in years)
Edward H. RensiCEO1/15/2015Grant(1)75,0005Annually over three years
Edward H. RensiDirector7/11/2015Forfeiture(1)(20,000)
Brett D. HeffesDirector7/13/2015Forfeiture(1)(20,000)
David J. MastrocolaDirector7/15/2015Forfeiture(1)(20,000)
Abelardo RuizCOO8/31/2015Grant71,3245Monthly over four years
Adam J. WrightCEO1/1/2016Grant50,00010Monthly over two years
Richard A. PawlowskiCFO1/15/2016Grant6,0001.21Three variable installments
Alfredo MartelCMO2/12/2016Grant35,0005Monthly over four years
Richard A. PawlowskiCFO4/11/2016Forfeiture(1)(78,000)
Dexter NewmanCFO4/11/2016Grant70,00010Monthly over four years
Ananda GalaDirector5/3/2016Grant20,00010Monthly over five years
Bryan WolffDirector5/3/2016Grant20,00010Monthly over five years
Edward H. RensiCEO6/18/2016Forfeiture(1)(75,000)
Edward H. RensiDirector7/11/2016Expiration(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.
Schedule Of Stock Options Activity [Table Text Block]
(number of options in thousands)Number of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Life in Years
Options outstanding at January 3, 2016507$16.665.3
Granted5317.66
Forfeited(53)32.02
Options outstanding at April 3, 2016507$13.955.2
Granted2065.60
Forfeited(3)28.53
Expired(26)32.05
Options outstanding at July 3, 2016684$10.655.9
Granted465.82
Exercised(6)5.90
Forfeited(78)12.17
Canceled or expired(10)31.05
Outstanding at October 2, 2016636$10.006.3
Options exercisable at October 2, 2016242$11.404.5
Weighted-average values and assumptions for valuing grants made:
Nine Months Ended October 2, 2016Fiscal 2015
Weighted average fair value of options granted$2.16$4.90
Expected life (in years)5.73.3
Expected stock volatility41.3%51.2%
Risk-free interest rate1.3%1.9%