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SUPPLEMENTAL EQUITY INFORMATION (Tables)
12 Months Ended
Dec. 29, 2019
SUPPLEMENTAL EQUITY INFORMATION  
Schedule of components of accumulated other comprehensive loss, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Other

    

 

 

 

 

 

Minimum

 

Comprehensive

 

 

 

 

 

 

Pension and

 

Loss

 

 

 

 

 

 

Post-

 

Related to

 

 

 

 

 

 

Retirement

 

Equity

 

 

 

 

(in thousands)

 

Liability

 

Investments

 

Total

 

Balance at December 31, 2017

 

$

(442,406)

 

$

(6,963)

 

$

(449,369)

 

Amounts reclassified from AOCL

 

 

(153,414)

 

 

(1,506)

 

 

(154,920)

 

Other comprehensive income

 

 

(153,414)

 

 

(1,506)

 

 

(154,920)

 

Balance at December 30, 2018

 

$

(595,820)

 

$

(8,469)

 

$

(604,289)

 

Other comprehensive income (loss) before reclassifications

 

 

7,021

 

 

 —

 

 

7,021

 

Amounts reclassified from AOCL

 

 

21,129

 

 

 —

 

 

21,129

 

Other comprehensive income

 

 

28,150

 

 

 —

 

 

28,150

 

Balance at December 29, 2019

 

$

(567,670)

 

$

(8,469)

 

$

(576,139)

 

 

Schedule of reclassification out of accumulated other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

Amount Reclassified from AOCL (in thousands)

 

 

 

 

    

Year Ended

    

Year Ended

    

 

  

 

 

December 29,

 

December 30,

 

Affected Line in the

 

AOCL Component

 

2019

 

2018

 

Consolidated Statements of Operations

 

Minimum pension and post-retirement liability

 

$

21,129

 

$

(56,530)

 

Retirement benefit expense (1) 

 

Reclassification of AOCL tax effects

 

 

 —

 

 

(98,390)

 

Retained earnings (2)    

 

 

 

$

21,129

 

$

(154,920)

 

Net of tax

 

_____________________

(1)

There is no income tax benefit associated with the years ended December 29, 2019 and December 30, 2018, due to the recognition of a valuation allowance.

(2)

See Note 3, Income Taxes regarding the Tax Act.

Summary of anti-dilutive stock options

 

 

 

 

 

 

 

Years Ended

 

 

December 29,

 

December 30,

(shares in thousands)

 

2019

 

2018

Anti-dilutive common stock equivalents

    

471

    

199

 

Summary of the restricted stock units ("RSUs") activity

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average Grant

 

 

 

 

 

Date Fair

 

 

    

RSUs

    

Value

 

Nonvested — December 31, 2017

 

245,794

 

$

11.55

 

Granted

 

278,130

 

$

8.90

 

Vested

 

(167,722)

 

$

11.38

 

Forfeited

 

(24,602)

 

$

9.54

 

Nonvested — December 30, 2018

 

331,600

 

$

9.56

 

Granted

 

285,771

 

$

5.58

 

Vested

 

(172,297)

 

$

9.59

 

Forfeited

 

(31,608)

 

$

6.96

 

Nonvested — December 29, 2019

 

413,466

 

$

7.00

 

 

Summary of the stock appreciation rights ("SARs") activity

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

Aggregate

 

 

 

 

 

Average

 

Intrinsic Value

 

 

    

SARs

    

Exercise Price

    

(in thousands)

 

Outstanding December 31, 2017

 

156,175

 

$

32.12

 

$

 —

 

Expired

 

(42,875)

 

$

32.09

 

 

 

 

Outstanding December 30, 2018

 

113,300

 

$

32.13

 

$

 —

 

Expired

 

(24,425)

 

$

34.02

 

 

 

 

Outstanding December 29, 2019

 

88,875

 

$

31.61

 

$

 —

 

SARs exercisable:

 

 

 

 

 

 

 

 

 

December 30, 2018

 

113,300

 

 

 

 

$

 —

 

December 29, 2019

 

88,875

 

 

 

 

$

 —

 

 

Summary of information about SARs outstanding in the stock plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Average

    

 

 

    

 

    

 

 

 

 

 

 

 

Remaining

 

Weighted

 

 

 

Weighted

 

Range of Exercise

 

SARs

 

Contractual

 

Average

 

SARs

 

Average

 

Prices

 

Outstanding

 

Life

 

Exercise Price

 

Exercisable

 

Exercise Price

 

$24.60 – $40.80 

 

88,875

 

1.50

 

$

31.61

 

88,875

 

$

31.61

 

Total

 

88,875

 

1.50

 

$

31.61

 

88,875

 

$

31.61

 

 

Summary of stock-based compensation expense

 

 

 

 

 

 

 

 

 

Years Ended

 

 

December 29,

 

December 30,

(in thousands)

 

2019

 

2018

Stock-based compensation expense

    

$

1,504

    

$

2,057