Share-based Compensation (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Share Option Awards

A summary of the status of the Company’s share option awards is presented below:

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
Outstanding at December 30, 2018		362,310		$	7.51
Granted		243,800			4.07
Exercised		—			—
Forfeited or Expired		(61,160	)		6.01
Outstanding at March 31, 2019		544,950		$	6.14		8.83	$	—
Exercisable at March 31, 2019		113,850		$	10.42		6.36	$	—
Vested and Expected to Vest at March 31, 2019		530,483		$	6.18		8.81	$	—

Weighted-Average Assumptions Used to Estimate the Fair Value of Each Share Option Award

The fair value of each share option award on the date of grant is estimated using the Black-Scholes method based on the following weighted-average assumptions:

	13 Weeks Ended
	March 31, 2019			April 1, 2018
Risk-free interest rate		2.6	%		2.6	%
Expected term	5.7 years			5.1 years
Expected volatility		53.0	%		48.0	%
Expected dividend yield		4.9	%		9.6	%

Summary of Nonvested Share Awards Activity

A summary of the status of the Company’s nonvested share awards is presented below:

	Shares			Weighted- Average Grant- Date Fair Value
Balance at December 30, 2018		434,292		$	10.42
Granted		236,120			3.73
Vested		(153,730	)		11.27
Forfeited		(6,320	)		10.26
Balance at March 31, 2019		510,362		$	7.07

A summary of the status of the Company’s nonvested share unit awards is presented below:

	Units			Weighted- Average Grant- Date Fair Value
Balance at December 30, 2018		26,163	$		7.81
Granted		—			—
Vested		—			—
Forfeited		—			—
Balance at March 31, 2019		26,163	$		7.81