Share-Based Compensation Plans (Tables)

12 Months Ended

Jan. 03, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

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:

	Year Ended
	January 3, 2016			December 28, 2014			December 29, 2013
Risk-free interest rate		1.8	%		1.8	%		1.4	%
Expected term	5.8 years			5.8 years			6.9 years
Expected volatility		57.0	%		57.0	%		57.5	%
Expected dividend yield		2.8	%		3.3	%		2.3	%

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 28, 2014		729,905		$	15.73
Granted		20,000			14.31
Exercised		(25,875	)		5.70
Forfeited or Expired		(69,400	)		24.36
Outstanding at January 3, 2016		654,630		$	15.16	2.35	$	723,150
Exercisable at January 3, 2016		602,130		$	15.25	1.83	$	708,163
Vested and Expected to Vest at January 3, 2016		654,088		$	15.17	2.35	$	723,133

Summary of Nonvested Share Awards Activity

The following table details the Company’s nonvested share awards activity for fiscal 2015:

	Shares			Weighted- Average Grant- Date Fair Value
Balance at December 28, 2014		336,765		$	13.47
Granted		152,140			13.06
Vested		(132,475	)		12.57
Forfeited		(7,940	)		13.84
Balance at January 3, 2016		348,490		$	13.63

The following table details the Company’s nonvested share unit awards activity for fiscal 2015:

	Units			Weighted- Average Grant- Date Fair Value
Balance at December 28, 2014		29,250		$	13.07
Granted		25,200			14.67
Vested		(11,250	)		11.93
Forfeited		—			—
Balance at January 3, 2016		43,200		$	14.30