Share-Based Compensation Share-based Compensation (Tables)

12 Months Ended

Jan. 03, 2015

Share-based Compensation Expense COGS & SG&A [Table Text Block]

Included in cost of goods sold and SG&A expense is share-based compensation expense, net of estimated forfeitures, that have been included in the statements of operations for all share-based compensation arrangements as follows:



(in thousands)	2014		2013		2012
Cost of goods sold	$	429	$	609	$	542
Selling, general and administrative expense	2,680		2,598		2,586
Share-based compensation expense	$	3,109	$	3,207	$	3,128

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the Company’s stock option activity in 2014, 2013 and 2012 is as follows:



	Number of Shares		Weighted Average Exercise Price	Weighted Average Option Grant Date Fair Value
Outstanding at year-end 2011 (2,492,684 stock options exercisable at a weighted-average exercise price of $11.72)	3,534,540		11.14	5.24
Granted	361,636		10.69	4.28
Exercised	(642,246	)	6.07	2.04
Forfeited	(35,256	)	10.01	3.91
Expired	(701,943	)	15.92	7.84
Outstanding at year-end 2012 (1,678,468 stock options exercisable at a weighted-average exercise price of $11.25)	2,516,731		11.05	5.21
Granted	208,834		11.70	4.08
Exercised	(649,305	)	6.79	2.48
Forfeited	(61,763	)	10.75	4.15
Expired	(314,611	)	14.52	9.19
Outstanding at year-end 2013 (1,179,770 stock options exercisable at a weighted-average exercise price of $12.63)	1,699,886		12.13	5.43
Granted	—		—	—
Exercised	(236,052	)	7.14	2.54
Forfeited	(47,924	)	10.96	4.12
Expired	(324,832	)	19.86	11.39
Outstanding at year-end 2014 (896,687 stock options exercisable at a weighted-average exercise price of $10.87)	1,091,078		10.95	4.32

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Additional information for options outstanding at year-end 2014 is as follows:



	Outstanding Options				Exercisable Options
Range of Exercise Prices	Shares Underlying	Weighted Average Remaining Contractual Term (Years)	Weighted Average Exercise Price		Exercisable Shares	Weighted Average Remaining Contractual Term (Years)	Weighted Average Exercise Price
$ 7.01 – 10.75	439,829	3.8	10.32		382,350	3.6	10.33
10.76 – 15.54	642,249	2.3	11.29		505,337	1.5	11.17
15.55 – 22.00	9,000	0.3	17.27		9,000	0.3	17.27
$ 7.01 – 22.00	1,091,078	2.9	$	10.95	896,687	2.4	$	10.87

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

A summary of restricted share activity in 2012 is as follows:



	Number of Shares		Weighted Average Grant Date Fair Value
Unvested at year-end 2011 (weighted-average remaining vesting period of 0.5 years)	13,347		9.95
Granted	—		—
Vested	(13,347	)	9.95
Forfeited	—
Unvested at year-end 2012	—		—

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

A summary of RSU activity in 2014, 2013 and 2012 is as follows:



	Number of RSU's		Weighted Average Grant Date Fair Value
Unvested at year-end 2011 (weighted-average remaining vesting period of 2.4 years)	133,138		10.36
Granted	188,001		10.56
Vested	(44,052	)
Forfeited	(2,236	)	10.34
Unvested at year-end 2012 (weighted-average remaining vesting period of 2.0 years)	274,851		10.50
Granted	228,488		11.76
Vested	(116,504	)
Forfeited	(40,451	)	11.02
Unvested at year-end 2013 (weighted-average remaining vesting period of 1.8 years)	346,384		11.31
Granted	220,777		11.78
Vested	(163,990	)
Forfeited	(55,008	)	11.56
Unvested at year-end 2014 (weighted-average remaining vesting period of 1.6 years)	348,163		11.60

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

Assumptions used in determining the fair value of shares issued under the Buying Plan during 2014, 2013 and 2012 were as follows:



	2014		2013		2012
Expected price volatility	30%-34%		22%-28%		39%-49%
Risk-free interest rate	0.1	%	0.1	%	0.1%-0.2%
Weighted-average expected term (years)	0.5		0.5		0.5
Dividend yield	—		—		—

Schedule of Share-based Payment Award, Manager Share Appreciation Plan, Valuation Assumptions [Table Text Block]

Assumptions used in determining the fair value of the MSAP awards during 2014, 2013 and 2012 were as follows:



	2014	2013		2012
Expected price volatility	34%-37%	34	%	45	%
Risk-free interest rate	0.8%-1.4%	1.4	%	0.6	%
Weighted-average expected term (years)	4.1	4.2		4.2
Dividend yield	—	—		—

A summary of the MSAP award activity in 2014, 2013 and 2012 is as follows:



	Number of MSAP's
Unvested at year-end 2011	—
Granted	162,125
Vested	—
Forfeited	(13,375	)
Unvested at year-end 2012	148,750
Granted	163,125
Vested	(43,230	)
Forfeited	(30,875	)
Unvested at year-end 2013	237,770
Granted	244,750
Vested	(78,911	)
Forfeited	(73,250	)
Unvested at year-end 2014	330,359

The MSAP compensation expense recorded for 2014 was $0.4 million and the corresponding liability at January 3, 2015 was $0.5 million. The MSAP compensation expense recorded for 2013 was $0.1 million and the corresponding liability at December 28, 2013 was $0.1 million. The MSAP compensation expense recorded for 2012 was $0.1 million and the corresponding liability at December 29, 2012 was also $0.1 million.

Included in cost of goods sold and SG&A expense is MSAP compensation expense, net of estimated forfeitures, that have been included in the statements of operations for all MSAP compensation arrangements as follows:



(in thousands)	2014		2013		2012
Cost of goods sold	$	33	$	18	$	4
Selling, general and administrative expense	388		77		48
MSAP compensation expense	$	421	$	95	$	52

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company has determined the fair value of options awarded by applying the Black-Scholes Merton option pricing valuation model and using following assumptions:



	2013		2012
Expected price volatility	41	%	49	%
Risk-free interest rate	0.6% - 0.9%		0.5% - 0.6%
Weighted-average expected term (years)	4.5		4.5
Dividend yield	—		—