Stock-Based Compensation (Tables)

12 Months Ended

Dec. 28, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Weighted-Average Valuation Assumptions

The weighted-average assumptions used in the model for the options granted in 2019 were as follows:

	2019
Risk-free interest rate	1.8		%
Expected term (average in years)	6.2
Expected dividend yield	—
Expected volatility	55.7		%
Weighted-average Black-Scholes fair value per share at date of grant	$	4.16

Schedule of Option Award Activity

A summary of aggregate option award activity under the Plan as of December 28, 2021, and changes during the fiscal year then ended is presented below:

	Awards	Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (1) (in thousands)
Outstanding—December 29, 2020	939,353	$	12.57
Granted	—	—
Forfeited or expired	(64,471)	14.21
Exercised	(91,470)	10.45
Outstanding—December 28, 2021	783,412	$	12.26	4.49	$	896
Vested and expected to vest	769,558	$	12.34	4.44	$	872
Exercisable as of December 28, 2021	689,532	$	12.81	4.10	$	754

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(1)Aggregate intrinsic value represents the amount by which fair value of the Company’s stock exceeds the exercise price of the option as of December 28, 2021.

Schedule of Non-vested Restricted Share Units

A summary of the status of the Company’s non-vested restricted share units as of December 28, 2021 and changes during the year then ended is presented below:

	Awards	Weighted- Average Grant Date Fair Value
Outstanding—December 29, 2020	1,155,326	$	6.32
Granted	471,926	11.90
Vested	(315,009)	7.10
Forfeited	(147,416)	6.16
Non-vested at December 28, 2021	1,164,827	$	8.23