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Shareholders' Equity (Tables)
3 Months Ended
Apr. 05, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
The following tables depict the activity in the accounts which make up shareholders’ equity for the three months ended April 5, 2020 and March 31, 2019:
 
SHARES
 
COMMON STOCK
 
ADDITIONAL PAID-IN CAPITAL
 
RETAINED
EARNINGS
 
PENSION LIABILITY
 
FOREIGN CURRENCY TRANSLATION ADJUSTMENT
 
CASH FLOW
HEDGE
 
(In thousands)
Balance, at December 29, 2019
58,416

 
$
5,842

 
$
250,306

 
$
286,056

 
$
(56,700
)
 
$
(113,139
)
 
$
(4,163
)
Net loss

 

 

 
(102,167
)
 

 

 

Stock issuances under employee plans
220

 
22

 
197

 

 

 

 

Other issuances of common stock
107

 
10

 
1,720

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
(1,731
)
 

 

 

 

Dividends declared

 

 

 
(3,807
)
 

 

 

Forfeitures and compensation expense related to stock awards
(255
)
 
(25
)
 
(4,114
)
 

 

 

 

Pension liability adjustment

 

 

 

 
1,733

 

 

Foreign currency translation adjustment

 

 

 

 

 
(15,245
)
 

Cash flow hedge unrealized loss

 

 

 

 

 

 
(6,140
)
Balance, at April 5, 2020
58,488

 
$
5,849

 
$
246,378

 
$
180,082

 
$
(54,967
)
 
$
(128,384
)
 
$
(10,303
)
 
SHARES
 
COMMON STOCK
 
ADDITIONAL PAID-IN CAPITAL
 
RETAINED
EARNINGS
 
PENSION LIABILITY
 
FOREIGN CURRENCY TRANSLATION ADJUSTMENT
 
CASH FLOW
HEDGE
 
(In thousands)
Balance, at December 30, 2018
59,508

 
$
5,951

 
$
270,269

 
$
222,214

 
$
(43,610
)
 
$
(101,487
)
 
$
1,326

Net income

 

 

 
7,059

 

 

 

Stock issuances under employee plans
509

 
51

 
379

 

 

 

 

Other issuances of common stock
224

 
22

 
3,900

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
(3,922
)
 

 

 

 

Cash dividends paid

 

 

 
(3,900
)
 

 

 

Forfeitures and compensation expense related to stock awards
(225
)
 
(22
)
 
29

 

 

 

 

Pension liability adjustment

 

 

 

 
(91
)
 

 

Foreign currency translation adjustment

 

 

 

 

 
(5,203
)
 

Cash flow hedge unrealized loss

 

 

 

 

 

 
(3,306
)
Balance, at March 31, 2019
60,016

 
$
6,002

 
$
270,655

 
$
225,373

 
$
(43,701
)
 
$
(106,690
)
 
$
(1,980
)

Share-based Payment Arrangement, Restricted Stock Unit, Activity
The following table summarizes restricted stock outstanding as of April 5, 2020, as well as activity during the three months then ended:
 
Restricted Shares
 
Weighted Average
Grant Date
Fair Value
Outstanding at December 29, 2019
468,200

 
$
28.63

Granted
199,600

 
15.41

Vested
(132,200
)
 
19.24

Forfeited or canceled
(145,200
)
 
19.86

Outstanding at April 5, 2020
390,400

 
$
28.31


Schedule of Nonvested Performance-based Units Activity
The following table summarizes the performance shares outstanding as of April 5, 2020, as well as the activity during the three months then ended:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Outstanding at December 29, 2019
512,000

 
$
19.71

Granted
263,600

 
15.36

Vested
(164,300
)
 
19.74

Forfeited or canceled
(180,000
)
 
19.83

Outstanding at April 5, 2020
431,300

 
$
17.00