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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of impact on results of operations of recording stock-based compensation expense The impact on the Company’s results of operations of recording stock-based compensation expense for fiscal years 2018, 2017, and 2016 was as follows (in thousands):

 

 

Fiscal Years

 

 

 

2018

 

 

2017

 

 

2016

 

Cost of revenue

 

$

129

 

 

$

121

 

 

$

132

 

Research and development

 

 

760

 

 

 

614

 

 

 

658

 

Selling, general and administrative

 

 

1,012

 

 

 

706

 

 

 

794

 

Total costs and expenses

 

$

1,901

 

 

$

1,441

 

 

$

1,584

 

 

Schedule of shares available for grant

The following table summarizes the shares available for grant under the 2009 Plan:

 

 

 

Shares

Available

for Grant

 

 

 

(in thousands)

 

Balance at December 31, 2017

 

 

3,899

 

Authorized

 

 

4,000

 

Options granted

 

 

 

Options forfeited or expired

 

 

141

 

RSUs granted

 

 

(1,539

)

RSUs forfeited

 

 

259

 

Balance at December 30, 2018

 

 

6,760

 

Schedule of stock options outstanding and stock option activity and related weighted average exercise price

The following table summarizes stock options outstanding and stock option activity under the 2009 Plan, and the related weighted average exercise price, for 2018, 2017 and 2016:

 

 

 

Number

of Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining Term

 

 

Aggregate

Intrinsic

Value

 

 

 

(in thousands)

 

 

 

 

 

 

(in years)

 

 

(in thousands)

 

Balance outstanding at January 3, 2016

 

 

5,266

 

 

$

2.64

 

 

 

4.56

 

 

 

 

 

Granted

 

 

842

 

 

 

0.86

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(1,129

)

 

 

2.61

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Balance outstanding at January 1, 2017

 

 

4,979

 

 

 

2.35

 

 

 

4.06

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(1,356

)

 

 

3.07

 

 

 

 

 

 

 

 

 

Exercised

 

 

(65

)

 

 

1.31

 

 

 

 

 

 

 

 

 

Balance outstanding at December 31, 2017

 

 

3,558

 

 

 

2.09

 

 

 

4.34

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(141

)

 

 

1.80

 

 

 

 

 

 

 

 

 

Exercised

 

 

(216

)

 

 

0.90

 

 

 

 

 

 

 

 

 

Balance outstanding at December 30, 2018

 

 

3,201

 

 

$

2.18

 

 

 

3.70

 

 

$

-

 

Exercisable at December 30, 2018

 

 

2,868

 

 

$

2.33

 

 

 

3.24

 

 

$

-

 

Vested and expected to vest at December 30, 2018

 

 

3,153

 

 

$

2.20

 

 

 

3.64

 

 

$

-

 

Schedule of significant price ranges of options outstanding, related weighted average exercise prices and contractual life information

Significant exercise price ranges of options outstanding, related weighted average exercise prices and contractual life information at the end of 2018 were as follows:

 

 

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of Exercise Prices

 

 

Options

Outstanding

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Weighted

Average

Exercise

Price

 

 

Options

Vested and

Exercisable

 

 

Weighted

Average

Exercise

Price

 

 

 

 

 

(in thousands)

 

 

(in years)

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

$0.78

 

 

 

4

 

 

 

0.18

 

 

$

0.78

 

 

 

4

 

 

$

0.78

 

$0.86

 

 

 

726

 

 

 

7.69

 

 

 

0.86

 

 

 

408

 

 

 

0.86

 

$

1.32

 

 

 

66

 

 

 

6.90

 

 

 

1.32

 

 

 

51

 

 

 

1.32

 

$1.63

 

 

 

545

 

 

 

0.27

 

 

 

1.63

 

 

 

545

 

 

 

1.63

 

$2.17 - $2.65

 

 

 

287

 

 

 

3.66

 

 

 

2.25

 

 

 

287

 

 

 

2.25

 

$2.78

 

 

 

944

 

 

 

1.93

 

 

 

2.78

 

 

 

944

 

 

 

2.78

 

$2.82 - $3.36

 

 

 

222

 

 

 

4.43

 

 

 

3.16

 

 

 

222

 

 

 

3.16

 

$3.39

 

 

 

237

 

 

 

4.73

 

 

 

3.39

 

 

 

237

 

 

 

3.39

 

$3.48

 

 

 

105

 

 

 

3.36

 

 

 

3.48

 

 

 

105

 

 

 

3.48

 

$3.82

 

 

 

65

 

 

 

5.08

 

 

 

3.82

 

 

 

65

 

 

 

3.82

 

$0.78 - $3.82

 

 

 

3,201

 

 

 

3.70

 

 

$

2.18

 

 

 

2,868

 

 

$

2.33

 

Schedule of weighted average assumptions included in estimated fair value calculations for stock option grants

The following weighted average assumptions are included in the estimated fair value calculations for stock option grants:

 

 

 

Fiscal Years

 

 

 

2018

 

 

2017

 

 

2016

 

Expected term (years)

 

 

 

 

 

 

 

 

7.1

 

Risk-free interest rate

 

 

 

 

 

 

 

 

1.40

%

Expected volatility

 

 

 

 

 

 

 

 

52

%

Expected dividend

 

 

 

 

 

 

 

 

 

Schedule of share-based compensation related to RSU

The following table summarizes RSU’s activity under the 2009 Plan, and the related weighted average grant date fair value, for 2018, 2017 and 2016:

 

 

 

RSUs & PRSUs Outstanding

 

 

 

Number of Shares

 

 

Weighted Average

Grant Date Fair Value

 

 

 

(in thousands)

 

 

 

 

 

Nonvested at January 3, 2016

 

 

1,435

 

 

$

2.30

 

Granted

 

 

1,822

 

 

 

0.97

 

Vested

 

 

(649

)

 

 

1.07

 

Forfeited

 

 

(1,238

)

 

 

 

Nonvested at January 1, 2017

 

 

1,370

 

 

 

1.68

 

Granted

 

 

1,852

 

 

 

1.41

 

Vested

 

 

(596

)

 

 

1.46

 

Forfeited

 

 

(263

)

 

 

 

Nonvested at December 31, 2017

 

 

2,363

 

 

 

1.54

 

Granted

 

 

1,539

 

 

 

0.85

 

Vested

 

 

(1,073

)

 

 

1.37

 

Forfeited

 

 

(259

)

 

 

 

Nonvested at December 30, 2018

 

 

2,570

 

 

$

1.23

 

Summary of the fair value of rights issued pursuant to ESPP

The fair value of rights issued pursuant to the Company’s ESPP was estimated on the commencement date of each offering period using the following weighted average assumptions:

 

 

 

Fiscal Years

 

 

 

2018

 

 

2017

 

 

2016

 

Expected life (months)

 

6.0

 

 

 

6.1

 

 

 

6.1

 

Risk-free interest rate

 

 

2.26

%

 

 

1.22

%

 

 

0.97

%

Volatility

 

 

50

%

 

 

53

%

 

 

59

%

Dividend yield