Annual report pursuant to Section 13 and 15(d)

Shareholders' Equity (Tables)

v3.3.1.900
Shareholders' Equity (Tables)
 12 Months Ended
Jan. 02, 2016
Stockholders' Equity Note [Abstract]  
Summary of the assumptions used to estimate the fair value of stock options granted using the Black-Scholes Model
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions for fiscal years 2015 and 2014:
 
For the fiscal years ended
 
January 2, 2016
 
January 3, 2015
Expected dividend yield
—

 
—

Expected stock price volatility
84.80
%
 
83.82
%
Risk-free interest rate
2.16
%
 
2.16
%
Expected life of options (years)
10.00

 
7.55

Schedule of all outstanding options, activity [Table Text Block]
Additional information relating to all outstanding options is as follows (in thousands, except per share data):
 
Options
Outstanding
 
Weighted
Average
Exercise
Price
 
Aggregate Intrinsic Value
 
Weighted Average Remaining Contractual Life
Balance at December 28, 2013
766

 
$
3.26

 
 
 
 
Granted
219

 
3.04

 
 
 
 
Exercised
(10
)
 
2.38

 
 
 
 
Forfeited
(70
)
 
2.73

 
 
 
 
Balance at January 3, 2015
905

 
3.25

 
$
212

 
4.56
Granted
130

 
1.33

 
 
 
 
Exercised
(12
)
 
1.89

 
 
 
 
Cancelled/expired
(173
)
 
4.63

 
 
 
 
Forfeited
(70
)
 
2.67

 
 
 
 
Balance at January 2, 2016
780

 
$
2.70

 
$
—

 
5.23
 
 
 
 
 
 
 
 
Options exercisable at January 2, 2016
$
632

 
$
2.79

 
$
—

 
 
Summary of stock options outstanding and exercisable by range of excercise prices
Schedule of estimated future share-based compensation expense
Based on the value of options outstanding as of January 2, 2016, estimated future share-based compensation expense is as follows:
Fiscal year 2016
$
138

Fiscal year 2017
43

 
$
181