Share-Based Compensation (Tables)

6 Months Ended

Jul. 01, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

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, 2017		144,293		$	10.11
Granted		254,900			6.22
Exercised		(6,564	)		4.82
Forfeited or Expired		(23,319	)		8.95
Outstanding at July 1, 2018		369,310		$	7.60		7.66	$	492,570
Exercisable at July 1, 2018		108,993		$	10.32		3.04	$	143,751
Vested and Expected to Vest at July 1, 2018		360,672		$	7.63		7.61	$	480,840

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 is estimated using the Black-Scholes method based on the following weighted-average assumptions:

	13 Weeks Ended					26 Weeks Ended
	July 1, 2018			July 2, 2017		July 1, 2018			July 2, 2017
Risk-free interest rate		2.9	%		—		2.6	%		—
Expected term	5.1 years				—	5.1 years				—
Expected volatility		48.0	%		—		48.0	%		—
Expected dividend yield		7.5	%		—		9.5	%		—

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, 2017		377,035		$	13.61
Granted		213,062			6.99
Vested		(144,205	)		13.66
Forfeited		(4,570	)		12.10
Balance at July 1, 2018		441,322		$	10.42

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

	Units			Weighted- Average Grant- Date Fair Value
Balance at December 31, 2017		23,250		$	12.82
Granted		34,884			8.60
Vested		(23,250	)		13.71
Forfeited		—			—
Balance at July 1, 2018		34,884		$	8.01