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Equity (Tables)
12 Months Ended
Dec. 29, 2012
Equity  
Summary of stock option activity

 

 

 
  Options   Weighted
Average
Exercise Price
Per Share
  Weighted Average
Remaining
Contractual Term
(in years)
  Aggregate
Intrinsic
Value
 

Outstanding on December 31, 2011

    314,700   $ 5.11     7.75   $ 436,774  

Granted

    88,800     5.16              

Exercised

    (13,250 )   3.60              

Forfeited/Cancelled

    (54,600 )   4.31              
                         

Outstanding on December 29, 2012

    335,650   $ 5.31     7.26   $ 34,124  
                         

Vested or expected to vest at December 29, 2012

    311,220   $ 5.36     7.13   $ 32,958  

Exercisable on December 29, 2012

    207,599   $ 5.80     6.42   $ 24,169  
Schedule of weighted average assumptions used to calculate fair value of each stock option

 

 

 
  Fiscal Year Ended  
Black-Scholes Option Valuation Assumptions(1)
  December 29, 2012   December 31, 2011   January 1, 2011  

Risk-free interest rate(2)

    0.2 - 2.0 %   0.1 - 2.0 %   0.3 - 3.4 %

Expected dividend yield

             

Expected stock price volatility(3)

    50.7 - 89.4     65.4 - 96.6     76.4 - 104.9  

Expected life of stock options (in years)(4)

    4.1     4.1     4.1  

(1)
Forfeitures are estimated and based on historical experience.

(2)
Based on the U.S. Treasury zero-coupon bond with a term consistent with the expected life of the options.

(3)
Expected stock price volatility is based on historical experience.

(4)
Expected life of stock options is based upon historical experience.
Summary of stock award activity

 

 

 
  Shares   Weighted Average
Grant Date
Fair Value
 

Non-vested at December 31, 2011

    88,126   $ 4.24  

Granted

    81,200     5.10  

Vested

    (44,322 )   (4.79 )

Forfeited

    (26,251 )   (3.96 )
           

Non-vested at December 29, 2012

    98,753   $ 4.78