STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 29, 2012

STOCK BASED COMPENSATION

Schedule of assumptions used in estimation of fair value of each option grant on the date of grant using the Black Scholes option pricing model

	2010 Grants
Expected dividend rate	$0.00
Expected volatility	59.5 - 59.6%
Risk free interest rate	1.5%
Expected lives (years)	3.0

Summary of all stock option transactions

	Weighted Average Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value(1)
Shares under options as of January 1, 2012		756,675		$	12.64
Options granted in 2012		—			—
Options exercised in 2012		—			—
Options canceled in 2012		(91,000	)		12.81
Shares under options as of December 29, 2012		665,675		$	12.61	2.3 years	$	—
Exercisable as of December 29, 2012		645,675		$	12.87	2.1 years	$	—

(1)

The aggregate intrinsic value in the table above is based on the Company's closing stock price as of the last business day of the period ended December 29, 2012, which was $2.42.

Summary of non-vested stock options

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested options:
At January 1, 2012		31,666		$	1.79
Vested		(11,666	)		1.86
At December 29, 2012		20,000		$	1.75

Summary of all restricted stock transactions

	Number of Shares			Weighted Average Grant-Date Fair Value
Non-vested as of January 1, 2012		554,666		$	5.42
Granted in 2012		12,000			6.70
Vested in 2012		(32,555	)		5.17
Cancelled in 2012		(29,777	)		5.31
Non-vested as of December 29, 2012		504,334		$	5.47