v3.21.1

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Apr. 04, 2021

Stock-based Compensation

Schedule of recognized stock-based compensation expense

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
(in thousands)		April 4, 2021			March 29, 2020		​
Stock options	​	$	89	​	$	81	​
Restricted stock	​		229	​		56	​
​	​	$	318	​	$	137	​

Schedule of stock option activity

​

​	​	​	​	​	​	​	​
​		​		​	​	​	Weighted
​	​	​	​	​	​	​	Average
​	​	​	​	​	​	​	Remaining
​	​	Number of	​	Weighted Average		​	Contractual
(number of options in thousands)		Options		Exercise Price			Life in Years
Options outstanding at January 3, 2021		557	​	$	4.53	​	​
Granted		14	​		6.00	​	​
Exercised	​	—	​	​	—	​	​
Canceled, forfeited or expired	​	(11)	​	​	3.40	​	​
Options outstanding at April 4, 2021		560	​	$	4.58	​	6.5

Schedule of stock option valuation assumptions

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​		April 4, 2021		​	March 29, 2020		​
Weighted-average fair value of options granted during the period	​	$	2.74	​	$	1.86	​
Expected life (in years)	​		2.5	​		4.7	​
Expected dividend	​	$	—	​	$	—	​
Expected stock volatility	​		76.48	%		51.21	%
Risk-free interest rate	​		0.2	%		1.6	%

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 January 3, 2021		475	​	$	4.43	​	​
Granted		—	​		—	​	​
Exercised/Released	​	(14)	​	​	4.71	​	​
Unvested at April 4, 2021		461	​	$	4.42	​	1.8

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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-SubTopic 10
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Tabular disclosure of the change in stock options.

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Tabular disclosure of the change in restricted stock units (RSUs).

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