Stock-Based Compensation (Tables)

12 Months Ended

Jan. 01, 2019

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 1, 2019 and changes during the period from January 2, 2018 through January 1, 2019 are as follows:

	Shares		Weighted-Average Grant Date Fair Value
Nonvested at January 2, 2018	1,088,910		$	11.92
Granted	594,619		13.88
Vested	(425,873	)	11.85
Forfeited	(23,125	)	13.09
Nonvested at January 1, 2019	1,234,531		$	12.87

Summary of Stock Options Activity

A summary of stock option activity as of January 1, 2019 and changes during the period from January 2, 2018 through January 1, 2019 are as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (in thousands)
Options outstanding at January 2, 2018	417,000		$	11.04	5.5	$	641
Granted	106,000		14.04
Exercised	(21,750	)	10.22
Forfeited / Expired	(48,000	)	11.43
Options outstanding at January 1, 2019	453,250		$	11.74	5.0	$	77
Options exercisable at January 1, 2019	187,996		$	10.57	4.3	$	38
Options exercisable and expected to vest at January    1, 2019	425,954		$	11.65	4.9	$	74

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-two weeks ended January 1, 2019, the fifty-two weeks ended January 2, 2018 and the fifty-three weeks ended January 3, 2017:

	52 Weeks Ended January 1, 2019			52 Weeks Ended January 2, 2018			53 Weeks Ended January 3, 2017
Expected volatility	36.29		%	36.09		%	37.64		%
Risk-free rate of return	2.71		%	1.86		%	1.12		%
Expected life (in years)	4.74			4.75			5.50
Dividend yield	—			—			—
Fair value per share at date of grant	$	4.92		$	4.63		$	3.31