Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

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 2023, 2022 and 2021:

	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		CASH FLOW HEDGE		TOTAL
	(in thousands)
Balance, at January 1, 2023	58,106	$	5,811	$	244,159	$	278,639	$	(27,548)	$	(138,775)	$	(749)	$	361,537
Net income	—	—		—		44,517		—		—		—		44,517
Issuances of stock related to restricted share units and performance shares	85	8		(8)		—		—		—		—		—
Restricted stock issuances	107	11		749		—		—		—		—		760
Unrecognized compensation expense related to restricted stock awards	—	—		(760)		—		—		—		—		(760)
Cash dividends declared	—	—		—		(2,323)		—		—		—		(2,323)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings	(186)	(19)		8,769		—		—		—		—		8,750
Pension liability adjustment	—	—		—		—		(6,468)		—		—		(6,468)
Foreign currency translation adjustment	—	—		—		—		—		19,185		—		19,185
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge	—	—		—		—		—		—		749		749
Balance, at December 31, 2023	58,112	$	5,811	$	252,909	$	320,833	$	(34,016)	$	(119,590)	$	—	$	425,947

	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		CASH FLOW HEDGE		TOTAL
	(in thousands)
Balance, at January 2, 2022	59,055	$	5,905	$	253,110	$	261,434	$	(53,888)	$	(100,441)	$	(2,722)	$	363,398
Net income	—	—		—		19,560		—		—		—		19,560
Restricted stock issuances	501	50		6,499		—		—		—		—		6,549
Unrecognized compensation expense related to restricted stock awards	—	—		(6,549)		—		—		—		—		(6,549)
Cash dividends declared	—	—		—		(2,355)		—		—		—		(2,355)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings	(66)	(6)		8,132		—		—		—		—		8,126
Share repurchases	(1,384)	(138)		(17,033)		—		—		—		—		(17,171)
Pension liability adjustment	—	—		—		—		26,340		—		—		26,340
Foreign currency translation adjustment	—	—		—		—		—		(38,334)		—		(38,334)
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge	—	—		—		—		—		—		1,973		1,973
Balance, at January 1, 2023	58,106	$	5,811	$	244,159	$	278,639	$	(27,548)	$	(138,775)	$	(749)	$	361,537

	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		CASH FLOW HEDGE		TOTAL
	(in thousands)
Balance, at January 3, 2021	58,664	$	5,865	$	247,920	$	208,562	$	(69,288)	$	(60,331)	$	(6,190)	$	326,538
Net income	—	—		—		55,234		—		—		—		55,234
Restricted stock issuances	429	43		6,066		—		—		—		—		6,109
Unrecognized compensation expense related to restricted stock awards	—	—		(6,109)		—		—		—		—		(6,109)
Cash dividends declared	—	—		—		(2,362)		—		—		—		(2,362)
Compensation expense related to share-based plans, net of forfeitures	(38)	(3)		5,233		—		—		—		—		5,230
Pension liability adjustment	—	—		—		—		15,400		—		—		15,400
Foreign currency translation adjustment	—	—		—		—		—		(40,110)		—		(40,110)
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge	—	—		—		—		—		—		3,468		3,468
Balance, at January 2, 2022	59,055	$	5,905	$	253,110	$	261,434	$	(53,888)	$	(100,441)	$	(2,722)	$	363,398

Schedule of Restricted Stock Outstanding and Activity

The following table summarizes restricted stock outstanding as of December 31, 2023, as well as activity during the year:

	Restricted Shares	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2023	1,006,400	$	13.91
Granted	107,100	7.10
Vested	(405,100)	14.43
Forfeited or canceled	(16,800)	13.60
Outstanding at December 31, 2023	691,600	$	12.55

Schedule of Restricted Share Units Outstanding and Activity

The following table summarizes restricted share units outstanding as of December 31, 2023, as well as activity during the year:

	Restricted Share Units	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2023	—	$	—
Granted	596,200	10.36
Vested	(2,100)	10.80
Forfeited or canceled	(10,700)	10.80
Outstanding at December 31, 2023	583,400	$	10.35

Schedule of Performance Shares Outstanding and Activity

The following table summarizes the performance shares outstanding as of December 31, 2023, as well as the activity during the year:

	Performance Shares	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2023	923,600	$	13.91
Granted	467,500	10.79
Vested	(82,300)	15.11
Forfeited or canceled	(193,800)	14.79
Outstanding at December 31, 2023	1,115,000	$	12.36