v3.21.1

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jan. 03, 2021

Stock-based Compensation

Schedule of recognized stock-based compensation expense

​

​	​	​	​	​	​	​	​
​	​	Year Ended					​
(in thousands)		January 3, 2021			December 29, 2019		​
Stock options	​	$	457	​	$	266	​
Restricted stock	​		429	​		197	​
​	​	$	886	​	$	463	​

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​
​		​		​	​	​	Weighted		​	​
​	​	​	​	​	​	​	Average	​	​	​
​	​	Number of	​	​	​	​	Remaining	​	​	Aggregate
​	​	Options	​	Weighted Average		​	Contractual	​	​	Intrinsic Value
​		(in thousands)		Exercise Price			Life in Years		​	(in thousands)
Options outstanding at December 30, 2018		384	​	$	7.43	​	6.7	​	$	29
Granted		212	​		4.37	​	​	​	​	—
Exercised	​	(5)	​	​	3.90	​	​	​	​	6
Canceled, forfeited or expired		(138)	​		5.22	​	​	​	​	68
Options outstanding at December 29, 2019		453	​	$	6.71	​	5.7	​	$	28
Granted		277	​		3.85	​	​	​	​	—
Exercised		(1)	​		4.18	​	​	​	​	1
Canceled, forfeited or expired		(154)	​		9.91	​	​	​	​	10
Options outstanding at January 3, 2021		575	​	$	4.49	​	6.9	​	$	401
Options exercisable at January 3, 2021		285	​	$	4.69	​	6.4	​	$	148

Schedule of stock option valuation assumptions

​

​	​	​	​	​	​	​	​
​	​	Year Ended					​
​		January 3, 2021		​	December 29, 2019		​
Weighted-average fair value of options granted during the period	​	$	1.79	​	$	1.88	​
Expected life (in years)	​		5.1	​		4.6	​
Expected dividend	​	$	—	​	$	—	​
Expected stock volatility	​		55.02	%		50.55	%
Risk-free interest rate	​		0.9	%		1.9	%

Schedule of unvested restricted stock activity

​

​	​	​	​	​	​	​	​
​		​		​	​	​	Weighted
​	​	​	​	​	​	​	Average
​	​	​	​	​	​	​	Remaining
​	​	Number of	​	Weighted Average		​	Contractual
(number of awards in thousands)		Awards		Award Date Fair Value			Life in Years
Unvested at December 29, 2019		143	​	$	5.00	​	​
Granted		403	​		4.27	​	​
Exercised/Released	​	(71)	​	​	4.85	​	​
Unvested at January 3, 2021		475	​	$	4.43	​	2.0

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Tabular disclosure of the change in stock options.

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