Shareholders' Equity (Tables)

3 Months Ended

Apr. 04, 2021

Stockholders' Equity Note [Abstract]

The following tables depict the activity in the accounts which make up shareholders’ equity for the three months ended April 4, 2021 and April 5, 2020:


	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		CASH FLOW HEDGE
	(in thousands)
Balance, at January 3, 2021	58,664	$	5,865	$	247,920	$	208,562	$	(69,288)	$	(60,331)	$	(6,190)
Net income	—	—		—		6,938		—		—		—
Restricted stock issuances	376	38		5,277		—		—		—		—
Unamortized compensation expense related to restricted stock awards	—	—		(5,315)		—		—		—		—
Cash dividends declared, $0.01 per common share	—	—		—		(589)		—		—		—
Forfeitures and compensation expense related to stock awards	(26)	(2)		689		—		—		—		—
Pension liability adjustment	—	—		—		—		89		—		—
Foreign currency translation adjustment	—	—		—		—		—		(19,597)		—
Reclassification out of accumulated other comprehensive income - discontinued cash flow hedge	—	—		—		—		—		—		749
Balance, at April 4, 2021	59,014	$	5,901	$	248,571	$	214,911	$	(69,199)	$	(79,928)	$	(5,441)


	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)		—		—		—
Issuances of stock (other than restricted stock)	220	22		197		—		—		—		—
Restricted stock issuances	107	10		1,720		—		—		—		—
Unamortized 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)

Schedule of Restricted Stock Outstanding and Activity

The following table summarizes restricted stock outstanding as of April 4, 2021, as well as activity during the three months then ended:


	Restricted Shares	Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021	436,900	$	24.73
Granted	375,600	14.15
Vested	(58,600)	24.09
Forfeited or canceled	(3,100)	16.69
Outstanding at April 4, 2021	750,800	$	19.52

Schedule of Performance Shares Outstanding and Activity

The following table summarizes the performance shares outstanding as of April 4, 2021, as well as the activity during the three months then ended:


	Performance Shares	Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021	405,300	$	16.94
Granted	296,900	14.15
Vested	—	—
Forfeited or canceled	(47,500)	23.42
Outstanding at April 4, 2021	654,700	$	15.20