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Shareholders' Equity (Tables)
6 Months Ended
Jul. 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 and six months ended July 5, 2020 and June 30, 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
)
 

 

 

 

Cash dividends declared, $0.065 per common share

 

 

 
(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
)
Net income

 

 

 
4,709

 

 

 

Stock issuances under employee plans
12

 
1

 
(1
)
 

 

 

 

Other issuances of common stock
70

 
7

 
2,294

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
(2,300
)
 

 

 

 

Cash dividends declared, $0.01 per common share

 

 

 
(585
)
 

 

 

Forfeitures and compensation expense related to stock awards
(26
)
 
(3
)
 
(48
)
 

 

 

 

Pension liability adjustment

 

 

 

 
(342
)
 

 

Foreign currency translation adjustment

 

 

 

 

 
16,160

 

Cash flow hedge unrealized loss

 

 

 

 

 

 
(351
)
Balance, at July 5, 2020
58,544

 
$
5,854

 
$
246,323

 
$
184,206

 
$
(55,309
)
 
$
(112,224
)
 
$
(10,654
)
 
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 declared, $0.065 per common share

 

 

 
(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
)
Net income

 

 

 
29,499

 

 

 

Stock issuances under employee plans
2

 

 
6

 

 

 

 

Other issuances of common stock
(1
)
 

 

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
52

 

 

 

 

Cash dividends declared, $0.065 per common share

 

 

 
(3,863
)
 

 

 

Forfeitures and compensation expense related to stock awards
(28
)
 
(3
)
 
1,506

 

 

 

 

Share repurchases
(1,556
)
 
(156
)
 
(24,998
)
 

 

 

 

Pension liability adjustment

 

 

 

 
829

 

 

Foreign currency translation adjustment

 

 

 

 

 
4,249

 

Cash flow hedge unrealized loss

 

 

 

 

 

 
(4,667
)
Balance, at June 30, 2019
58,433

 
$
5,843

 
$
247,221

 
$
251,009

 
$
(42,872
)
 
$
(102,441
)
 
$
(6,647
)

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

 
$
28.63

Granted
308,100

 
13.08

Vested
(162,100
)
 
19.22

Forfeited or canceled
(153,700
)
 
19.67

Outstanding at July 5, 2020
460,500

 
$
24.53


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

 
$
19.71

Granted
263,700

 
15.36

Vested
(164,300
)
 
19.74

Forfeited or canceled
(192,000
)
 
19.67

Outstanding at July 5, 2020
419,400

 
$
16.99