Shareholders' Equity (Tables)

9 Months Ended

Oct. 03, 2021

Stockholders' Equity Note [Abstract]

The following tables depict the activity in the accounts which make up shareholders’ equity for the three and nine months ended October 3, 2021 and October 4, 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)		—		—		—
Compensation expense related to stock awards, net of forfeitures	(26)	(2)		689		—		—		—		—
Pension liability adjustment	—	—		—		—		89		—		—
Foreign currency translation adjustment	—	—		—		—		—		(19,597)		—
Reclassification out of accumulated other comprehensive loss - discontinued cash flow hedge	—	—		—		—		—		—		749
Balance, at April 4, 2021	59,014	$	5,901	$	248,571	$	214,911	$	(69,199)	$	(79,928)	$	(5,441)
Net income	—	—		—		15,511		—		—		—
Restricted stock issuances	52	6		789		—		—		—		—
Unamortized compensation expense related to restricted stock awards	—	—		(794)		—		—		—		—
Cash dividends declared, $0.01 per common share	—	—		—		(589)		—		—		—
Compensation expense related to stock awards	—	—		1,548		—		—		—		—
Pension liability adjustment	—	—		—		—		100		—		—
Foreign currency translation adjustment	—	—		—		—		—		3,455		—
Reclassification out of accumulated other comprehensive loss - discontinued cash flow hedge	—	—		—		—		—		—		745
Balance, at July 4, 2021	59,066	$	5,907	$	250,114	$	229,833	$	(69,099)	$	(76,473)	$	(4,696)
Net income	—	—		—		10,959		—		—		—
Cash dividends declared, $0.01 per common share	—	—		—		(593)		—		—		—
Compensation expense related to stock awards, net of forfeitures	(11)	(2)		1,680		—		—		—		—
Pension liability adjustment	—	—		—		—		2,377		—		—
Foreign currency translation adjustment	—	—		—		—		—		(14,553)		—
Reclassification out of accumulated other comprehensive loss - discontinued cash flow hedge	—	—		—		—		—		—		1,323
Balance, at October 3, 2021	59,055	$	5,905	$	251,794	$	240,199	$	(66,722)	$	(91,026)	$	(3,373)


	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)		—		—		—
Compensation expense related to stock awards, net of forfeitures	(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		—		—		—
Issuances of stock (other than restricted stock)	12	1		(1)		—		—		—		—
Restricted stock issuances	70	7		2,294		—		—		—		—
Unamortized compensation expense related to restricted stock awards	—	—		(2,300)		—		—		—		—
Cash dividends declared, $0.01 per common share	—	—		—		(585)		—		—		—
Compensation expense related to stock awards, net of forfeitures	(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)
Net income	—	—		—		5,913		—		—		—
Issuances of stock (other than restricted stock)	7	1		(1)		—		—		—		—
Restricted stock issuances	127	13		(15)		—		—		—		—
Unamortized compensation expense related to restricted stock awards	—	—		2		—		—		—		—
Cash dividends declared, $0.01 per common share	—	—		—		(586)		—		—		—
Compensation expense related to stock awards, net of forfeitures	(8)	(1)		703		—		—		—		—
Pension liability adjustment	—	—		—		—		(1,471)		—		—
Foreign currency translation adjustment	—	—		—		—		—		23,402		—
Cash flow hedge unrealized loss	—	—		—		—		—		—		864
Balance, at October 4, 2020	58,670	$	5,867	$	247,012	$	189,533	$	(56,780)	$	(88,822)	$	(9,790)

Schedule of Restricted Stock Outstanding and Activity

The following table summarizes restricted stock outstanding as of October 3, 2021, as well as activity during the nine months then ended:


	Restricted Shares	Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021	436,900	$	24.73
Granted	428,400	14.26
Vested	(167,200)	13.68
Forfeited or canceled	(14,300)	15.48
Outstanding at October 3, 2021	683,800	$	21.06

Schedule of Performance Shares Outstanding and Activity

The following table summarizes the performance shares outstanding as of October 3, 2021, as well as the activity during the nine months then ended:


	Performance Shares	Weighted Average Grant Date Fair Value
Outstanding at January 3, 2021	405,300	$	16.94
Granted	375,800	13.94
Vested	—	—
Forfeited or canceled	(63,000)	21.43
Outstanding at October 3, 2021	718,100	$	14.98