Stock-Based Compensation (Tables)

3 Months Ended

Apr. 03, 2022

Share-based Payment Arrangement [Abstract]

Summary of Nonvested Share Activity [Table Text Block]

The following is a summary of all time-vested restricted share activity for the three months ended April 3, 2022:

	Shares	Weighted Average Grant Date Price
Non-vested at January 2, 2022	1,336,830	$	6.55
Granted	1,352,584	$	2.75
Vested	(765,189)	$	6.72
Forfeited	(57,125)	$	5.23
Non-vested at April 3, 2022	1,867,100	$	3.77

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following is a summary of all RSU activity for the three months ended April 3, 2022:

	Units
Non-vested at January 2, 2022	129,620
Vested	(90,850)
Non-vested at April 3, 2022	38,770

Share-based Payment Arrangement, Option, Activity

The following is a summary of all stock option activity for the three months ended April 3, 2022:

	Options	Weighted Average Exercise Price	Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value(1)
Options outstanding at January 2, 2022	1,025,000
Forfeited	(49,500)	$7.12
Options Outstanding at April 3, 2022	975,500	$7.12	5.4	$—
Vested or expected to vest at April 3, 2022	975,500	$7.12	5.4	$—
Options exercisable at April 3, 2022	761,000	$7.12	5.4	$—

(1)The aggregate intrinsic value is calculated using the difference between the market price of the Company's common stock at April 3, 2022 of $2.13 and the grant price for only those awards that have a grant price that is less than the market price of the Company's common stock at April 3, 2022. There were no awards having a grant price less than the market price of the Company's common stock at April 3, 2022.