v3.6.0.2
PERFORMANCE SHARES, STOCK OPTIONS, OTHER FORMS OF COMPENSATION, AND COMMON SHARE REPURCHASES (Tables)
12 Months Ended
Jan. 01, 2017
Performance Shares, Stock Options, Other Forms Of Compensation And Common Share Repurchaces [Abstract]  
Schedule of Stock-based Compensation Expense [Table Text Block]
For the Years Ended
January 1,January 3,December 28,
(in thousands)201720162014
Performance Share Programs:
2011 Program(1)(3)------(55)
2012 Program(1)(4)------(761)
2013 Program(2)(5)(6)(7)(8)---(169)(412)
Performance Shares and
Performance Stock Units$---$(169)$(1,228)
Stock Options(10)(11)(12)311459371
Restricted Stock and
Restricted Stock Units (8)------(73)
Director Shares(9)(12)286047
$339$350$(883)
(1)The 2011 and 2012 Program's consisted entirely of performance shares.
(2)The 2013 Program consisted of performance shares and performance stock units.
(3)Includes a $55,000 recapture of stock-based compensation due to employee departures for the year ended December 28, 2014.
(4)Includes a $761,000 recapture of stock-based compensation due to employee departures and the failure to achieve performance targets for the year ended December 28, 2014.
(5)Includes the recapture of stock-based compensation related to performance shares of approximately $458,000 and performance stock units of approximately $135,000 due to the employee departures for the year ended December 28, 2014.
(6)Includes the recapture of stock-based compensation for performance shares of approximately $131,000 and performance stock units of approximately $38,000 due to the failure to achieve threshold performance levels for the program as of January 3, 2016.
(7)Includes a mark-to-market adjustment for performance stock units of approximately $22,000 for the year ended December 28, 2014.
(8)Includes a $128,000 recapture of stock-based compensation due to the departure of our former CEO for the year ended December 28, 2014.
(9)Includes a $20,000 recapture of stock-based compensation due to the departure of our former CEO for the year ended December 28, 2014.
(10)Includes a $105,000 recapture of stock-based compensation due to employee departures for the year ended January 3, 2016.
(11)Includes a $126,000 recapture of stock-based compensation due to the departure of our former CFO for the year ended January 1, 2017.
(12)Includes a $27,000 recapture of stock-based compensation due to the departure of our former CEO for the year ended January 1, 2017.
Schedule Of Director Compensation [Table Text Block]
Fiscal Years
201620152014
(in thousands)
Stock-based compensation$28$60$47
Stock option compensation9069155
Cash compensation95201358
Total Board of Directors' compensation$213$330$560
Schedule Of Stock Options Activity [Table Text Block]
(number of options in thousands)Number of OptionsWeighted Average Exercise Price
Options outstanding at December 29, 201348$7.77
Granted19128.11
Exercised(1)(43)7.40
Options outstanding at December 28, 201419627.67
Granted46515.75
Canceled, forfeited or expired(154)28.07
Options outstanding at January 3, 201650716.66
Granted4165.55
Exercised(6)5.90
Canceled, forfeited or expired(231)19.44
Options outstanding at January 1, 2017686$9.15
Options Exercisable at December 28, 201418$17.39
Options Exercisable at January 3, 201677$21.48
Options Exercisable at January 1, 2017259$10.87
(1)In 2014, option holders elected to forfeit approximately 18,000 shares to satisfy the strike price and tax withholding obligations, resulting in a net issuance of approximately 25,000 shares.
The following are weighted-average values and assumptions for valuing grants made during fiscal 2016:
Weighted-average fair value of options granted during the year$1.97
Expected life (in years)5.2
Expected stock volatility39.98%
Risk-free interest rate1.2%
As of January 1, 2017, there was $1.0 million of total unrecognized compensation cost related to
stock option arrangements granted under the Company's stock option plan. The cost is expected to be
recognized over a weighted average period of 3.0 years.
Schedule Of Stock Option Plans By Exercise Price Range [Table Text Block]
(number outstanding and number exercisable in thousands)
Options OutstandingExercisable
Exercise pricesNumber outstandingWeighted-average remaining contractual life in yearsWeighted- average exercise priceNumber exercisableWeighted- average exercise price
$4.55 - $9.99 4177.3$5.6191$5.85
$10.00 - $19.99 2432.8$12.90158$12.55
$20.00 - $31.66 267.6$30.9510$31.18
$4.55 - $31.66 6865.7$9.15259$10.87