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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

Stock Option Awards We did not grant any stock options in 2016 or 2015. The following table summarizes our stock option activity for the year ended December 31, 2016:

 

    Vested and Exercisable Balance     Number of Shares Outstanding     Weighted Average Exercise Price  
Balance at December 26, 2015     300,000       300,000     $ 10.04  
Cancelled or expired     (150,000 )     (150,000 )     9.15  
Balance at December 31, 2016,     150,000       150,000     $ 10.93  

Schedule of Nonvested Restricted Stock Shares Activity

The following is a summary of the status of our restricted stock awards and of changes in restricted stock outstanding for the year ended December 31, 2016:

 

    Number of unvested
restricted shares
    Weighted- average
grant-date fair value
 
Outstanding at December 26, 2015     542,462     $ 1.38  
Granted     297,949       1.03  
Vested     (288,311 )     1.57  
Forfeited     (45,350 )     1.85  
Outstanding at December 31,2016     506,750     $ 1.27  

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

As of December 31, 2016, there was $0.6 million of total unrecognized compensation cost related to unvested restricted stock awards which is expected to be recognized over a weighted-average period of 2.1 years. During 2016 and 2015, the Company granted the following restricted stock awards.

 

Date Issued   Issued to     Number of Shares     Market Price     Fair Value  
June 16, 2016     Directors (3)       122,949     $ 1.22     $ 150,000  
June 2, 2016     Employees (1)       40,000     $ 1.05     $ 42,000  
March 1, 2016     Employees (9)       135,000     $ 0.86     $ 116,100  
June 18, 2015     Directors (3)       107,913     $ 1.39     $ 150,000  
February 9, 2015     Employees (17)       305,100     $ 1.98     $ 604,100  
January 8, 2015     Employees (1)       4,000     $ 1.89     $ 7,560