EQUITY PLANS (Tables)
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12 Months Ended |
Dec. 30, 2016 |
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| EQUITY PLANS |
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| Schedule of assumptions |
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2016
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2015
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2014
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Expected volatility
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39
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%
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-
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41
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%
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38
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%
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-
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42
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%
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38
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%
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-
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40
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%
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Expected dividends
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0
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%
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0
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%
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0
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%
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Expected term (in years)
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6
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6
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6
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Risk-free rate
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1.2
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%
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-
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1.84
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%
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1.33
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%
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-
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1.75
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%
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1.63
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%
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-
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1.73
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%
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| Summary of option activity and changes during the period |
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Weighted-
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Weighted-
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Average
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Average
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Remaining
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Exercise
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Contractual
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Options
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Price
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Term (Years)
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Outstanding at January 1, 2016
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964,000
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$
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7.22
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6.04
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Granted
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440,000
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15.28
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—
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Exercised
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(75,000)
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4.41
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—
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Forfeited or expired
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(18,000)
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9.81
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—
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Outstanding at December 30, 2016
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1,311,000
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$
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10.15
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6.69
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Vested at December 30, 2016
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658,000
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$
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6.21
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4.21
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Exercisable at December 30, 2016
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658,000
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$
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6.21
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4.21
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Weighted-
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Weighted-
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Average
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Average
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Remaining
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Exercise
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Contractual
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Options
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Price
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Term (Years)
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Outstanding at January 2, 2015
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926,000
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$
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5.84
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6.44
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Granted
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165,000
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12.33
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—
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Exercised
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(103,000)
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3.72
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—
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Forfeited or expired
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(24,000)
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3.94
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—
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Outstanding at January 1, 2016
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964,000
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$
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7.22
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6.04
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Vested at January 1, 2016
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624,000
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$
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5.24
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4.53
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Exercisable at January 1, 2016
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624,000
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$
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5.24
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4.53
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Weighted-
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Weighted-
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Average
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Average
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Remaining
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Exercise
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Contractual
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Options
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Price
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Term (Years)
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Outstanding at December 27, 2013
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978,000
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$
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3.95
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3.35
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Granted
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235,000
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10.23
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—
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Exercised
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(198,000)
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2.24
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—
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Forfeited or expired
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(89,000)
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3
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—
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Outstanding at January 2, 2015
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926,000
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$
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5.84
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6.44
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Vested at January 2, 2015
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595,000
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$
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4.47
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4.92
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Exercisable at January 2, 2015
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595,000
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$
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4.47
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4.92
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| Summary of the status of the nonvested options and changes in nonvested options |
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Weighted-
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Average
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Grant-Date
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Options
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Fair Value
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Nonvested at January 1, 2016
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340,000
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$
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3.77
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Granted
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440,000
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6.15
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Vested
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(109,000)
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7.82
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Forfeited
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(18,000)
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9.81
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Nonvested at December 30, 2016
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653,000
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4.75
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Weighted-
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Average
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Grant-Date
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Options
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Fair Value
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Nonvested at January 2, 2015
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331,000
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$
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3.37
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Granted
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165,000
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4.92
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Vested
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(132,000)
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3.67
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Forfeited
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(24,000)
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3.94
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Nonvested at January 1, 2016
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340,000
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3.77
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Weighted-
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Average
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Grant-Date
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Options
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Fair Value
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Nonvested at December 27, 2013
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207,000
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$
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3.55
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Granted
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235,000
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4.15
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Vested
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(108,000)
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3.41
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Forfeited
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(3,000)
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3.85
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Nonvested at January 2, 2015
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331,000
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3.37
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| Summary of restricted stock activity |
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Weighted-
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Average
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Restricted Stock
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Grant Date
Fair Value
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Outstanding at January 1, 2016
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38,000
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$
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11.66
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Awarded
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82,000
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10.89
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Vested
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(21,000)
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9.89
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Forfeited
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—
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—
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Outstanding at December 30, 2016
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99,000
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$
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11.37
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Outstanding at January 2, 2015
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38,000
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$
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5.74
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Awarded
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25,000
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13.91
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Vested
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(25,000)
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5.05
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Forfeited
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—
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—
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Outstanding at January 1, 2016
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38,000
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$
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11.66
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Outstanding at December 27, 2013
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25,000
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$
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2.96
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Awarded
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25,000
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7.13
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Vested
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(12,000)
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2.96
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Forfeited
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—
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—
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Outstanding at January 2, 2015
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38,000
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$
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5.74
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