Shareholders' Equity (Tables)

12 Months Ended

Jan. 03, 2021

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

The following tables depict the activity in the accounts which make up shareholders equity for fiscal years 2020, 2019, and 2018:

	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	—	—		—		(71,929)		—		—		—
Issuances of stock (other than restricted stock)	239	24		195		—		—		—		—
Restricted stock issuances	304	30		3,999		—		—		—		—
Unamortized compensation expense related to restricted stock awards	—	—		(4,030)		—		—		—		—
Cash dividends declared	—	—		—		(5,565)		—		—		—
Forfeitures and compensation expense related to stock awards	(295)	(31)		(2,550)		—		—		—		—
Pension liability adjustment	—	—		—		—		(12,588)		—		—
Foreign currency translation adjustment	—	—		—		—		—		52,808		—
Cash flow hedge unrealized loss	—	—		—		—		—		—		(2,027)
Balance, at January 3, 2021	58,664	$	5,865	$	247,920	$	208,562	$	(69,288)	$	(60,331)	$	(6,190)

	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	—	—		—		79,200		—		—		—
Issuances of stock (other than restricted stock)	511	51		636		—		—		—		—
Restricted stock issuances	223	22		3,900		—		—		—		—
Unamortized compensation expense related to restricted stock awards	—	—		(4,139)		—		—		—		—
Cash dividends declared	—	—		—		(15,358)		—		—		—
Forfeitures and compensation expense related to stock awards	(270)	(26)		4,638		—		—		—		—
Share repurchases	(1,556)	(156)		(24,998)		—		—		—		—
Pension liability adjustment	—	—		—		—		(13,090)		—		—
Foreign currency translation adjustment	—	—		—		—		—		(11,652)		—
Cash flow hedge unrealized loss	—	—		—		—		—		—		(5,489)
Balance, at December 29, 2019	58,416	$	5,842	$	250,306	$	286,056	$	(56,700)	$	(113,139)	$	(4,163)

	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		CASH FLOW HEDGE
	(in thousands)
Balance, at December 31, 2017	59,806	$	5,981	$	271,271	$	187,432	$	(56,554)	$	(78,943)	$	904
Net income	—	—		—		50,253		—		—		—
Issuances of stock (other than restricted stock)	224	22		476		—		—		—		—
Restricted stock issuances	182	18		4,809		—		—		—		—
Unamortized compensation expense related to restricted stock awards	—	—		(4,710)		—		—		—		—
Cash dividends declared	—	—		—		(15,471)		—		—		—
Forfeitures and compensation expense related to stock awards	(89)	(9)		12,847		—		—		—		—
Share repurchases	(615)	(61)		(14,424)		—		—		—		—
Pension liability adjustment	—	—		—		—		12,944		—		—
Foreign currency translation adjustment	—	—		—		—		—		(22,544)		—
Cash flow hedge unrealized gain	—	—		—		—		—		—		422
Balance, at December 30, 2018	59,508	$	5,951	$	270,269	$	222,214	$	(43,610)	$	(101,487)	$	1,326

Summary of Stock Options Outstanding and Activity

The following table summarizes stock options outstanding as of January 3, 2021, as well as activity during the previous fiscal year:

	Shares	Weighted Average Exercise Price
Outstanding at December 29, 2019	27,500	$	12.43
Granted	—	—
Exercised	(7,500)	12.43
Forfeited or canceled	(20,000)	12.43
Outstanding at January 3, 2021	—	$	—
Exercisable at January 3, 2021	—	$	—

Summary of Restricted Stock Outstanding and Activity

The following table summarizes restricted stock outstanding as of January 3, 2021, as well as activity during the previous fiscal year:

	Shares	Weighted Average Grant Date Fair Value
Outstanding at December 29, 2019	468,200	$	28.63
Granted	308,100	13.08
Vested	(176,100)	19.58
Forfeited or canceled	(163,300)	19.49
Outstanding at January 3, 2021	436,900	$	24.73

Summary of Performance Shares Outstanding and Activity

The following table summarizes the performance shares outstanding as of January 3, 2021, as well as the activity during the year:

	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	(206,100)	19.58
Outstanding at January 3, 2021	405,300	$	16.94