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Warrants (Tables)
12 Months Ended
Dec. 27, 2020
Other Liabilities Disclosure [Abstract]  
Summary of Warrant Activity

The Company’s warrant activity for the fiscal year ended December 27, 2020 is as follows:

 

    Number of
Shares
    Weighted
Average
Exercise Price
    Weighted
Average
Remaining
Contractual
Life (Years)
 
Warrants outstanding at December 29, 2019     2,091,652     $ 3.57       3.4  
Grants     2,203,190     $ 4.96       4.5  
Forfeited     (2,021,309 )   $ 2.71       3.6  
Warrants outstanding at December 27, 2020     2,273,533     $ 5.68       4.3  
Warrants exercisable at December 27, 2020     2,273,533     $ 5.68       4.3  

Schedule of Assumptions Used for Stock-based Compensation, Warrants

The range of assumptions used to establish the value of the warrants using the Black-Scholes valuation model are as follows:

 

    Warrants  
Expected dividend yield     4.00% - 6.63 %
Expected volatility     30.23% - 31.73 %
Risk-free interest rate     0.99% - 1.91 %
Expected term (in years)     3.80 - 5.00