Stockholder's Equity Stockholder's Equity

9 Months Ended

Sep. 28, 2013

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

STOCKHOLDERS' EQUITY

Stock Repurchase Program

On August 15, 2013, the Company entered into a written trading plan (the “10b5-1 Plan”) under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to facilitate the repurchase of its shares in accordance with the Company’s existing share repurchase authorization. As previously announced on March 15, 2013, the Company’s Board of Directors approved the repurchase by the Company of up to $10 million of its common stock through open market or privately negotiated transactions.

The 10b5-1 Plan allowed the Company’s broker to repurchase common stock on the Company’s behalf pursuant to the terms and limitations specified in the Plan, including to the extent such purchases were permitted pursuant to Regulation M and Rule 10b-18 of the Exchange Act. The 10b5-1 Plan terminated in accordance with its terms on October 18, 2013, which is the time when the Company ordinarily would be prevented from repurchasing its stock under the Company's self-imposed blackout periods.

As of September 28, 2013, the Company had repurchased 48,859 shares at an aggregate price of approximately $0.5 million and an average price per share of $11.21 under the repurchase plan.

Preferred Stock

As of September 28, 2013 and December 29, 2012, there were no shares of preferred stock outstanding.

Common Stock

The Company is authorized to issue up to 50,000,000 shares of common stock with a par value $0.001 per share.