Stock-Based Compensation (Tables)

6 Months Ended

Jul. 02, 2022

Share-based Payment Arrangement [Abstract]

Schedule of stock option activity [Table Text Block]

				Weighted-
				average grant-
	EBITDA PSUs			date fair value
Non-vested, beginning of period	670,171		$	11.77
Granted	1,750,935			5.27
Vested	(58,235)			4.91
Cancelled	(619,357	)		12.93
Non-vested, end of period	1,743,514		$	5.06

Schedule of stock options granted using the Black-Scholes option pricing model [Table Text Block]

		PSUs		Stock options
Grant-date stock price	$	5.91	$	5.91
Exercise price		NA	$	5.91
Dividend yield		0%		0%
Expected volatility(a)		67.8%		61.6%
Risk-free interest rate(b)		2.8%		3.0%
Expected life (in years)(c)		2.7		6.0

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

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

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