Stock-Based Compensation (Tables)

3 Months Ended

Apr. 02, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Nonvested Share Activity [Table Text Block]

A summary of all non-vested common share activity for the three months ended April 2, 2023 was as follows:

	Shares	Weighted Average Grant Date Price
Non-vested at January 1, 2023	1,767,811	$	3.79
Granted	1,386,722	$	2.04
Vested	(753,818)	$	4.28
Forfeited	(11,600)	$	2.48
Non-vested at April 2, 2023	2,389,115	$	2.62

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 2, 2023:

	Units
Non-vested at January 1, 2023	38,770
Vested	(19,381)
Non-vested at April 2, 2023	19,389

Share-based Payment Arrangement, Option, Activity

The following is a summary of all stock option activity for the three months ended April 2, 2023:

	Options	Weighted Average Exercise Price	Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value(1)
Options outstanding at January 1, 2023	975,500
Forfeited	—	$7.12
Options Outstanding at April 2, 2023	975,500	$7.12	4.4	$—
Vested or expected to vest at April 2, 2023	975,500	$7.12	4.4	$—
Options exercisable at April 2, 2023	868,250	$7.12	4.4	$—

(1)The aggregate intrinsic value is calculated using the difference between the market price of the Company's common stock at April 2, 2023 of $2.23 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 2, 2023. There were no awards having a grant price less than the market price of the Company's common stock at April 2, 2023.