STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 28, 2013

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

	2013 Grants
Expected dividend rate	$	0.00
Expected volatility		50.72	%
Risk free interest rate		0.41	%
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 December 30, 2012		665,675		$	12.61
Options granted in 2013		1,000,000		$	3.34
Options exercised in 2013		(20,000	)	$	4.79
Options canceled in 2013		(620,675	)	$	12.79
Shares under options as of December 28, 2013		1,025,000		$	3.61	9.0 years	$	2,070,000
Exercisable as of December 28, 2013		25,000		$	14.34	3.6 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 28, 20 13, which was $5.41.

Summary of non-vested stock options

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested options:
At December 30, 2012		20,000		$	1.75
Options granted		1,000,000			1.15
Options vested		(5,000	)		1.75
Options cancelled		(15,000	)		1.75
At December 28, 2013		1,000,000		$	1.15

Summary of all restricted stock transactions

	Number of Shares			Weighted Average Grant-Date Fair Value
Non-vested as of December 30, 2012		504,334		$	5.47
Granted in 2013		370,000			4.69
Vested in 2013		(12,554	)		5.05
Cancelled in 2013		(436,613	)		5.15
Non-vested as of December 28, 2013		425,167		$	5.13