EQUITY PLANS (Tables)

12 Months Ended

Jan. 02, 2015

EQUITY PLANS

Schedule of assumptions

	2014	2013	2012
Expected volatility	38.35% - 40.00%	40%	39%
Expected dividends	0%	0%	0%
Expected term (in years)	6.00	5.75 - 6.00	5.75 - 6.00
Risk-free rate	1.63% - 1.73%	1.31% - 1.36%	0.65% - 1.09%

Summary of option activity and changes during the period

	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at December 27, 2013		978,000		$	3.86		6.95
Granted		235,000			10.23		9.68
Exercised		(198,000	)		2.24		4.74
Forfeited or expired		(89,000	)		2.57		—
Outstanding at January 2, 2015		926,000		$	5.84		6.44
Vested at January 2, 2015		595,000		$	4.47		4.92
Exercisable at January 2, 2015		595,000		$	4.47		4.92

	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at December 28, 2012		992,000		$	3.86		6.95
Granted		100,000			3.62		2.44
Exercised		(9,000	)		1.65		5.67
Forfeited or expired		(105,000	)		—		—
Outstanding at December 27, 2013		978,000		$	3.95		3.35
Vested at December 27, 2013		796,000		$	4.04		7.90
Exercisable at December 27, 2013		796,000		$	4.04		7.90

	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at December 30, 2011		912,000		$	3.94		7.47
Granted		202,000			3.30		9.34
Exercised		(5,000	)		1.81		6.73
Forfeited or expired		(117,000	)		—		—
Outstanding at December 28, 2012		992,000		$	3.86		6.95
Vested at December 28, 2012		700,000		$	4.09		6.19
Exercisable at December 28, 2012		700,000		$	4.09		6.19

Summary of the status of the nonvested options and changes in nonvested options

	Options			Weighted- Average Grant-Date Fair Value
Nonvested at December 27, 2013		207,000		$	3.55
Granted		235,000			4.15
Vested		(108,000	)		3.41
Forfeited		(3,000	)		3.85
Nonvested at January 2, 2015		331,000			3.37

	Options			Weighted- Average Grant-Date Fair Value
Nonvested at December 28, 2012		293,000		$	1.28
Granted		100,000			3.62
Vested		(143,000	)		3.17
Forfeited		(43,000	)		3.33
Nonvested at December 27, 2013		207,000			3.55

	Options			Weighted- Average Grant-Date Fair Value
Nonvested at December 30, 2011		341,000		$	1.13
Granted		202,000			1.27
Vested		(212,000	)		1.07
Forfeited		(38,000	)		1.10
Nonvested at December 28, 2012		293,000			1.28

Summary of restricted stock activity

	Restricted Stock			Weighted- Average Grant Date Fair Value
Outstanding at December 27, 2013		25,000		$	2.96
Granted		25,000			7.13
Vested		(12,500	)		2.96
Forfeited					—
Outstanding at January 2, 2015		37,500		$	5.74