Stock-Based Compensation (Tables)

9 Months Ended

Oct. 01, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Nonvested Share Activity

A summary of all non-vested common share activity for the nine months ended October 1, 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	(822,368)	$	4.15
Forfeited	(11,600)	$	2.48
Non-vested at October 1, 2023	2,743,885	$	2.84

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following is a summary of all RSU activity for the nine months ended October 1, 2023:

	Units
Non-vested at January 1, 2023	38,770
Vested	(21,295)
Non-vested at October 1, 2023	17,475

Share-based Payment Arrangement, Option, Activity

The following is a summary of all stock option activity for the nine months ended October 1, 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	—
Options Outstanding at October 1, 2023	975,500	$7.12	3.9	$—
Vested or expected to vest at October 1, 2023	975,500	$7.12	3.9	$—
Options exercisable at October 1, 2023	975,500	$7.12	3.9	$—

(1)The aggregate intrinsic value is calculated using the difference between the market price of the Company's common stock at October 1, 2023 of $6.59 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 October 1, 2023. There were no awards having a grant price less than the market price of the Company's common stock at October 1, 2023.