XML 52 R32.htm IDEA: XBRL DOCUMENT v3.6.0.2
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Employee Share-based Compensation Tables  
Weighted average assumptions of stock options granted
Year Ended December   2016     2015     2014  
Expected term    6 years      6 years      6 years  
Expected Volatility     73.2 %     75.8 %     74.6 %
Expected dividends     0.0 %     0.0 %     0.0 %
Risk-free rate     1.4 %     1.7 %     1.9 %
Service Period Based Stock Options
          Weighted Average        
                Remaining           Aggregate  
    Number of     Exercise     Contractual     Fair     Intrinsic  
    Shares     Price     Term     Value     Value  
Outstanding at December 28, 2013     4,038,070     $ 3.18       7.43              
                                     
    Options Granted     744,662       4.17       10.00     $ 2.70        
Options Classification from Employee to Non-Employee     (37,717 )     2.28       8.68                
    Options Exercised     (178,238 )     2.61                     $ 156,000  
    Options Expired     (84,633 )     3.00                          
    Options Forfeited     (240,758 )     3.39                          
Outstanding at January 3, 2015     4,241,386     $ 3.39       7.00                  
                                         
Options Granted     730,562       3.66       10.00     $ 2.28          
Options Classification from Employee to Non-Employee     (514,024 )     2.79       7.78                  
Options Exercised     (40,236 )     2.37                     $ 58,000  
    Options Forfeited     (103,425 )     3.93                          
Outstanding at January 2, 2016     4,314,263     $ 3.50       6.44                  
                                         
    Options Granted     742,485       3.91       10.00     $ 2.49          
    Options Exercised     (238,423 )     2.67                     $ 502,000  
    Options Expired     (183,334 )     4.50                          
    Options Forfeited     (353,840 )     4.15                          
Outstanding at December 31, 2016     4,281,151     $ 3.52       6.36             $ 1,352,000  
                                         
Exercisable at December 31, 2016     3,192,519     $ 3.40       5.42             $ 1,234,000  
Performance Based Stock Options
          Weighted Average        
                Remaining       Aggregate        
    Number of     Exercise     Contractual   Fair   Intrinsic        
    Shares     Price     Term   Value   Value        
Outstanding at December 28, 2013     66,668     $ 1.89       9.08                
    Options Granted     -       -                        
    Options Exercised     -       -                        
    Options Forfeited     -       -                        
Outstanding at January 3, 2015     66,668     $ 1.89       8.08                
Options Granted     -       -                        
Options Exercised     -       -                        
    Options Forfeited     -       -                        
Outstanding at January 2, 2016     66,668     $ 1.89       7.08                
    Options Granted     -       -                        
    Options Exercised     -       -                        
    Options Forfeited     -       -                        
Outstanding at December 31, 2016     66,668     $ 1.89       6.08       $ 95,000        
                                         
Exercisable at December 31, 2016     65,280     $ 1.89       6.08       $ 93,000        
                                         
Restricted stock awards granted to employees
          Weighted Average  
          Award-Date  
    Shares     Fair Value  
Unvested shares at December 28, 2013     166,668     $ 2.07  
Granted     363,339       4.23  
Vested     -       -  
Forfeited     -       -  
Unvested shares at January 3, 2015     530,007     $ 3.54  
Granted     -       -  
Vested     (173,336 )     4.23  
Forfeited     -       -  
Unvested shares at January 2, 2016     356,671     $ 3.21  
Granted     -       -  
Vested     (6,668 )     4.23  
Forfeited     -       -  
Unvested shares at December 31, 2016     350,003     $ 3.20  
                 
Expected to Vest as of December 31, 2016     350,003     $ 3.20  
Non-Employee stock options
          Weighted Average        
                Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Shares     Price     Term     Value  
Outstanding at December 28, 2013     282,440     $ 4.32       5.74        
Options Granted     30,001       3.72       10.00        
Options Classification from Employee to Non-Employee     37,717       2.28       8.68        
Options Exercised     -       -                
Options Forfeited     -       -                
Outstanding at January 3, 2015     350,158     $ 4.05       5.46        
Options Granted     -       -                
Options Classification from Employee to Non-Employee     514,024       2.79       7.78        
Options Exercised     -       -                
Options Forfeited     -       -                
Outstanding at January 2, 2016     864,182     $ 3.31       6.04        
Options Granted     40,000       2.85       10.00        
Options Exercised     (41,667 )     1.92             $ 98,000  
Options Forfeited     -       -                  
Outstanding at December 31, 2016     862,515     $ 3.35       5.23     $ 353,000  
                                 
Exercisable at December 31, 2016     825,848     $ 3.37       5.03     $ 336,000  

 

Year Ended December  2016  2015  2014
                
Expected Term   5 years    N/A    5 years 
Expected Volatility   72.5%   N/A    83.1%
Expected dividends   0.0%   N/A    0.0%
Risk-free rate   2.0%   N/A    1.6%

 

 

 

Restricted stock award activity
          Weighted Average  
    Shares     Fair Value  
Unvested shares at December 28, 2013     -     $ -  
Granted     32,000       3.90  
Vested     (6,667 )     3.51  
Forfeited     -       -  
Unvested shares at January 3, 2015     25,333     $ 2.70  
Granted     46,668       2.58  
Vested     (54,668 )     3.63  
Forfeited     -       -  
Unvested shares at January 2, 2016     17,333     $ 3.66  
Granted     -       -  
Vested     (7,333 )     3.79  
Forfeited     -       -  
Unvested shares expected to vest at December 31, 2016     10,000     $ 3.31