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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 28, 2019
Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Option, Activity [Table Text Block]


The following table summarizes stock option activity for the year ended December 28, 2019:
 

        Weighted-    
        average    
     Weighted-  remaining    
     average  contractual  Aggregate 
  Stock options  exercise price  term (years)  intrinsic value 
Outstanding, beginning of year 2,698,550 $ 7.76       
Granted 12,400  3.57       
Exercised (49,824) 3.27       
Forfeited (617,531) 8.35       

Expired

(93,707

)

9.51

Outstanding, end of year 1,949,888$ 7.57  5.68 $ — 
Exercisable, end of year 1,370,188 $ 6.88  4.94 $ — 


The following table summarizes non-vested stock option activity during the year ended December 28, 2019:

     Weighted- 
     average grant- 
  Stock options  date fair value 
Non-vested, beginning of year 1,433,648 $ 3.74 
Granted 12,400  1.70 
Vested (441,034) 3.08 
Forfeited (425,314) 3.84 
Non-vested, end of year 579,700 $ 4.14 
Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block]
  

December 28, 2019

  

December 29, 2018

  

December 30, 2017

 
Grant-date stock price$ 3.57 $ 7.56 $ 9.29 
Dividend yield(1) 0%  0%  0% 
Expected volatility(2) 48.6%  41.1%  42.1% 
Risk-free interest rate(3) 2.3%  2.9%  2.0% 
Expected life of options (years)(4) 5.8  6.0  6.4 
 
(1)Determined based on expected annual dividend yield at the time of grant.
(2)Determined based on historical volatility of the Company’s Common Shares over the expected life of the option.
(3)Determined based on the yield on U.S. Treasury zero-coupon issues with maturity dates equal to the expected life of the option.
(4)

Determined using simplified method, as the Company changed the vesting period of its stock option grants from five years to three years in 2016, and, as a result, historical exercise data may not provide a reasonable basis upon which to estimate expected life.

  
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]


The following table summarizes stock options outstanding and exercisable as at December 28, 2019:
 

              Weighted-            
          average          
          remaining  Weighted-     Weighted- 
 Exercise price range     Outstanding  contractual life  average exercise  Exercisable  average exercise 
 Low  High  options  (years)  price  options  price 
$ 3.27 $ 5.50  325,115  5.76 $ 3.75  307,715 $ 3.73 
 5.51  6.73  469,455  4.64  6.19  469,455  6.19 
 6.74  8.98  331,610  4.63  7.56  265,498  7.41 
 8.99  9.79  559,761  7.50  9.44  87,327  9.26 
 9.80  13.86  263,947  4.93  10.73  240,193  10.80 
       1,949,888  5.68 $ 7.57  1,370,188 $ 6.88 
Restricted stock units ("RSUs") [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following table summarizes non-vested RSU activity during the year ended December 28, 2019:

 

     Weighted- 
     average grant- 
  RSUs  date fair value 
Non-vested, beginning of year 597,837 $ 8.46 
Granted 274,086  3.33 
Vested (331,848) 7.79 
Forfeited (127,062) 8.41 
Non-vested, end of year 413,013 $ 5.64 
Performance Share Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

 

  December 30, 2017 
Grant-date stock price$ 9.33 
Dividend yield 0% 
Expected volatility(1) 42.2% 
Risk-free interest rate(2) 1.5% 
Expected life (in years)(3) 3.0 
 
(1)Determined based on the historical volatility of the Common Shares over 6.5 years, which is consistent with the volatility assumption for stock options granted to employees.
(2)Determined based on U.S. Treasury yields with a remaining term equal to the expected life of the PSUs.
(3)Determined based on vesting for the PSUs.
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]

 

The following table summarizes non-vested PSU activity during the year ended December 28, 2019:
 

     Weighted- 
     average grant- 
  PSUs  date fair value 
Non-vested, beginning of year 1,361,896 $ 5.60 

Granted

2,846,962

3.42

Forfeited or cancelled (1,272,743) 4.23 
Non-vested, end of year 2,936,115 $ 4.08 
Chief Executive Officer [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block]
 Stock Options PSUs 
Grant-date stock price$3.36 $3.36 
Exercise price$3.36  NA 
Dividend yield 0%  0% 
Expected volatility(1) 47.9%  55.7% 
Risk-free interest rate(2) 2.4%  2.3% 
Expected life (in years)(3) 6.5  1.8 

(1) Determined based on the historical volatility of the Common Shares over the expected life of the stock options and performance period of the PSUs.

(2) Determined based on U.S. Treasury yields with a remaining term equal to the expected life of the stock options and performance period of the PSUs.

(3) Determined based on the mid-point of vesting (three years) and expiration (ten years) for the stock options and the derived service period for the PSUs. 

Chief Financial Officer [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block]
 Stock Options PSUs 
Grant-date stock price$2.38 $2.38 
Exercise price$2.38  NA 
Dividend yield 0%  0% 
Expected volatility(1) 49.7%  55.9% 
Risk-free interest rate(2) 1.4%  1.4% 
Expected life (in years)(3) 6.5  2.1 

(1) Determined based on the historical volatility of the Common Shares over the expected life of the stock options and performance period of the PSUs.

(2) Determined based on U.S. Treasury yields with a remaining term equal to the expected life of the stock options and performance period of the PSUs.

(3) Determined based on the mid-point of vesting (three years) and expiration (ten years) for the stock options and the derived service period for the PSUs.