Stock-Based Compensation (Tables)

12 Months Ended

Jan. 03, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Nonvested Restricted Stock Shares Activity

A summary of outstanding and unvested restricted stock activity as of January 3, 2017 (Successor) and changes during the period from December 29, 2015 through January 3, 2017 (Successor) are as follows:

	Shares		Weighted-Average Grant Date Fair Value
Nonvested at December 29, 2015 (Successor)	946,494		$	11.16
Granted	461,124		9.30
Vested	(265,046	)	11.25
Forfeited	(8,750	)	9.66
Nonvested at January 3, 2017 (Successor)	1,133,822		$	10.40

Summary of Outstanding and Unvested Restricted Stock Activity

A summary of RSUs activity as of June 30, 2015 (Predecessor) and changes during the period from December 31, 2013 to June 30, 2015 (Predecessor) are as follows:

	Shares		Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2013 (Predecessor)	173,200		$	25.00
Granted	—		—
Vested	(79,100	)	25.00
Forfeited	—		—
Nonvested at December 30, 2014 (Predecessor)	94,100		25.00
Granted	—		—
Vested	(94,100	)	25.00
Forfeited	—		—
Nonvested at June 30, 2015 (Predecessor)	—		$	—

Summary of Stock Options Activity

A summary of stock option activity as of June 30, 2015 (Predecessor) and changes during the period from December 31, 2013 to June 30, 2015 (Predecessor) are as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (in thousands)
Options outstanding at December 31, 2013 (Predecessor)	20,000		$	25.00	7.7	$	—
Granted	70,000		22.60		9.3
Exercised	—		—
Forfeited	—		—
Options outstanding at December 30, 2014 (Predecessor)	90,000		23.10		8.7	1,400
Granted	—		—
Exercised	(90,000	)	23.10
Forfeited	—		—
Options outstanding at June 30, 2015 (Predecessor)	—		$	—	—	$	—
Options exercisable at June 30, 2015 (Predecessor)	—		$	—	—	$	—
Options exercisable and expected to vest at June 30, 2015 (Predecessor)	—		$	—	—	$	—

A summary of stock option activity as of January 3, 2017 (Successor) and changes during the period from December 29, 2015 through January 3, 2017 (Successor) are as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (in thousands)
Options outstanding at December 29, 2015 (Successor)	224,000		$	10.40	6.5	$	67
Granted	122,000		9.14
Exercised	(500	)	10.40
Forfeited	(11,000	)	10.40
Options outstanding at January 3, 2017 (Successor)	334,500		$	9.94	6.1	$	1,464
Options exercisable at January 3, 2017 (Successor)	54,500		$	10.38	6.0	$	215
Options exercisable and expected to vest at January 3, 2017 (Successor)	308,919		$	9.95	6.1	$	1,349

Assumptions Used in Option-pricing Valuation

The following table reflects the weighted-average assumptions used in the Black-Scholes option-pricing model to value the stock options granted in the fifty-three weeks ended January 3, 2017 (Successor) and the twenty-six weeks ended December 29, 2015 (Successor):

	53 Weeks Ended January 3, 2017			26 Weeks Ended December 29, 2015
Expected volatility	37.64		%	38.01		%
Risk-free rate of return	1.12		%	1.84		%
Expected life (in years)	5.5			5.5
Dividend yield	—			—
Fair value per share at date of grant	$	3.31		$	3.93