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Shareholders' Equity (Tables)
12 Months Ended
Jan. 01, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Shareholders' Equity
The following tables depict the activity in the accounts which make up shareholders’ equity for fiscal years 2022, 2021 and 2020:
 
 SHARESCOMMON STOCKADDITIONAL
PAID-IN
CAPITAL
RETAINED
EARNINGS
PENSION
LIABILITY
FOREIGN
CURRENCY
TRANSLATION
ADJUSTMENT
CASH FLOW
HEDGE
 (in thousands)
Balance, at January 2, 202259,055 $5,905 $253,110 $261,434 $(53,888)$(100,441)$(2,722)
Net income— — — 19,560 — — — 
Restricted stock issuances501 50 6,499 — — — — 
Unamortized compensation expense related to restricted stock awards— — (6,549)— — — — 
Cash dividends declared— — — (2,355)— — — 
Compensation expense related to stock awards, net of forfeitures and shares received for tax withholdings(66)(6)8,132 — — — — 
Share repurchases(1,384)(138)(17,033)— — — — 
Pension liability adjustment— — — — 26,340 — — 
Foreign currency translation adjustment— — — — — (38,334)— 
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge— — — — — — 1,973 
Balance, at January 1, 202358,106 $5,811 $244,159 $278,639 $(27,548)$(138,775)$(749)
 SHARESCOMMON STOCKADDITIONAL
PAID-IN
CAPITAL
RETAINED
EARNINGS
PENSION
LIABILITY
FOREIGN
CURRENCY
TRANSLATION
ADJUSTMENT
CASH FLOW
HEDGE
 (in thousands)
Balance, at January 3, 202158,664 $5,865 $247,920 $208,562 $(69,288)$(60,331)$(6,190)
Net income— — — 55,234 — — — 
Restricted stock issuances429 43 6,066 — — — — 
Unamortized compensation expense related to restricted stock awards— — (6,109)— — — — 
Cash dividends declared— — — (2,362)— — — 
Compensation expense related to stock awards, net of forfeitures(38)(3)5,233 — — — — 
Pension liability adjustment— — — — 15,400 — — 
Foreign currency translation adjustment— — — — — (40,110)— 
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge— — — — — — 3,468 
Balance, at January 2, 202259,055 $5,905 $253,110 $261,434 $(53,888)$(100,441)$(2,722)

 SHARESCOMMON STOCKADDITIONAL
PAID-IN
CAPITAL
RETAINED
EARNINGS
PENSION
LIABILITY
FOREIGN
CURRENCY
TRANSLATION
ADJUSTMENT
CASH FLOW HEDGE
 (in thousands)
Balance, at December 29, 201958,416 $5,842 $250,306 $286,056 $(56,700)$(113,139)$(4,163)
Net loss— — — (71,929)— — — 
Issuances of stock (other than restricted stock)239 24 195 — — — — 
Restricted stock issuances304 30 3,999 — — — — 
Unamortized compensation expense related to restricted stock awards— — (4,030)— — — — 
Cash dividends declared— — — (5,565)— — — 
Compensation expense related to stock awards, net of forfeitures(295)(31)(2,550)— — — — 
Pension liability adjustment— — — — (12,588)— — 
Foreign currency translation adjustment— — — — — 52,808 — 
Cash flow hedge unrealized loss— — — — — — (2,027)
Balance, at January 3, 202158,664 $5,865 $247,920 $208,562 $(69,288)$(60,331)$(6,190)
Schedule of Restricted Stock Outstanding and Activity
The following table summarizes restricted stock outstanding as of January 1, 2023, as well as activity during the year:
 
 Restricted SharesWeighted Average
Grant Date
Fair Value
Outstanding at January 2, 2022683,800 $21.06 
Granted500,800 13.08 
Vested(141,900)16.59 
Forfeited or canceled(36,300)14.04 
Outstanding at January 1, 20231,006,400 $13.91 
Schedule of Performance Shares Outstanding and Activity
The following table summarizes the performance shares outstanding as of January 1, 2023, as well as the activity during the year:
 
Performance SharesWeighted
Average Grant
Date Fair Value
Outstanding at January 2, 2022718,100 $14.98 
Granted366,900 13.02 
Vested(200)15.36 
Forfeited or canceled(161,200)16.62 
Outstanding at January 1, 2023923,600 $13.91