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Shareholders' Equity (Tables)
12 Months Ended
Jan. 02, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Shareholders' Equity
The following tables depict the activity in the accounts which make up shareholders’ equity for fiscal years 2021, 2020 and 2019:
 
 SHARESCOMMON STOCKADDITIONAL
PAID-IN
CAPITAL
RETAINED
EARNINGS
PENSION
LIABILITY
FOREIGN
CURRENCY
TRANSLATION
ADJUSTMENT
CASH FLOW
HEDGE
 (in thousands)
Balance, at January 3, 202158,664 $5,865 $247,920 $208,562 $(69,288)$(60,331)$(6,190)
Net income— — — 55,234 — — — 
Restricted stock issuances429 43 6,066 — — — — 
Unamortized compensation expense related to restricted stock awards— — (6,109)— — — — 
Cash dividends declared— — — (2,362)— — — 
Compensation expense related to stock awards, net of forfeitures(38)(3)5,233 — — — — 
Pension liability adjustment— — — — 15,400 — — 
Foreign currency translation adjustment— — — — — (40,110)— 
Reclassification out of accumulated other comprehensive loss - discontinued cash flow hedge— — — — — — 3,468 
Balance, at January 2, 202259,055 $5,905 $253,110 $261,434 $(53,888)$(100,441)$(2,722)
 SHARESCOMMON STOCKADDITIONAL
PAID-IN
CAPITAL
RETAINED
EARNINGS
PENSION
LIABILITY
FOREIGN
CURRENCY
TRANSLATION
ADJUSTMENT
CASH FLOW
HEDGE
 (in thousands)
Balance, at December 29, 201958,416 $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 issuances304 30 3,999 — — — — 
Unamortized compensation expense related to restricted stock awards— — (4,030)— — — — 
Cash dividends declared— — — (5,565)— — — 
Compensation expense related to stock awards, net of forfeitures(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, 202158,664 $5,865 $247,920 $208,562 $(69,288)$(60,331)$(6,190)

 SHARESCOMMON STOCKADDITIONAL
PAID-IN
CAPITAL
RETAINED
EARNINGS
PENSION
LIABILITY
FOREIGN
CURRENCY
TRANSLATION
ADJUSTMENT
CASH FLOW HEDGE
 (in thousands)
Balance, at December 30, 201859,508 $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 issuances223 22 3,900 — — — — 
Unamortized compensation expense related to restricted stock awards— — (4,139)— — — — 
Cash dividends declared— — — (15,358)— — — 
Compensation expense related to stock awards, net of forfeitures(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, 201958,416 $5,842 $250,306 $286,056 $(56,700)$(113,139)$(4,163)
Schedule of Restricted Stock Outstanding and Activity
The following table summarizes restricted stock outstanding as of January 2, 2022, as well as activity during the previous fiscal year:
 
 Restricted SharesWeighted Average
Grant Date
Fair Value
Outstanding at January 3, 2021436,900 $24.73 
Granted428,400 14.26 
Vested(167,200)13.68 
Forfeited or canceled(14,300)15.48 
Outstanding at January 2, 2022683,800 $21.06 
Schedule of Performance Shares Outstanding and Activity
The following table summarizes the performance shares outstanding as of January 2, 2022, as well as the activity during the year:
 
Performance SharesWeighted
Average Grant
Date Fair Value
Outstanding at January 3, 2021405,300 $16.94 
Granted375,800 13.94 
Vested— — 
Forfeited or canceled(63,000)21.43 
Outstanding at January 2, 2022718,100 $14.98