Share-based Compensation (Tables)

9 Months Ended

Sep. 29, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Share Option Awards

A summary of the status of the Company’s share option awards is presented below:

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2023		253,385		$	4.47
Granted		272,000			4.80
Exercised		(5,725	)		2.23
Forfeited		(5,000	)		4.37
Outstanding at September 29, 2024		514,660		$	4.67		7.37	$	1,050
Exercisable at September 29, 2024		237,868		$	3.92		5.08	$	1,050
Vested and Expected to Vest at September 29, 2024		510,442		$	4.67		7.36	$	1,050

Weighted-Average Assumptions Used to Estimate the Fair Value of Each Share Option Award

The fair value of each share option award on the date of grant was estimated using the Black-Scholes method based on the following weighted-average assumptions:

	13 Weeks Ended				39 Weeks Ended
	September 29, 2024		October 1, 2023		September 29, 2024			October 1, 2023
Risk-free interest rate		—		—		4.2	%		—
Expected term		—		—	7.5 years				—
Expected volatility		—		—		77.6	%		—
Expected dividend yield		—		—		4.1	%		—

Summary of Nonvested Share Awards Activity

A summary of the status of the Company’s nonvested share awards is presented below:

	Shares			Weighted- Average Grant- Date Fair Value
Balance at December 31, 2023		634,227		$	10.56
Granted		366,660			3.49
Vested		(274,862	)		9.67
Forfeited		(26,050	)		9.38
Balance at September 29, 2024		699,975		$	7.25