Stock-Based Compensation (Tables)

6 Months Ended

Jul. 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 six months ended July 2, 2023 was as follows:

	Shares	Weighted Average Grant Date Price
Non-vested at January 1, 2023	1,767,811	$	3.79
Granted	1,810,042	$	2.50
Vested	(779,318)	$	4.22
Forfeited	(11,600)	$	2.48
Non-vested at July 2, 2023	2,786,935	$	2.84

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 six months ended July 2, 2023:

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

Share-based Payment Arrangement, Option, Activity

The following is a summary of all stock option activity for the six months ended July 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 July 2, 2023	975,500	$7.12	4.1	$—
Vested or expected to vest at July 2, 2023	975,500	$7.12	4.1	$—
Options exercisable at July 2, 2023	868,250	$7.12	4.1	$—

(1)The aggregate intrinsic value is calculated using the difference between the market price of the Company's common stock at July 2, 2023 of $5.04 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 July 2, 2023. There were no awards having a grant price less than the market price of the Company's common stock at July 2, 2023.