Stock Options, Stock Grants and New Stock (Tables)
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12 Months Ended |
Dec. 31, 2016 |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Summary of activity in the Company’s stock option plans |
A summary of activity in the Company's stock option plans is as follows:
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Weighted
Average
Exercise
Price
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Options
Outstanding
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Weighted
Average
Contractual
Term
(in years)
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Intrinsic
Value of
Options
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|
Options
Available
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At December 28, 2013 |
$ |
11.95 |
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|
162,736 |
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|
7.5 |
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$ |
582,894 |
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|
181,017 |
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Granted February 20, 2014 |
$ |
14.76 |
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13,790 |
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(13,790 |
) |
Exercised |
$ |
11.23 |
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(17,074 |
) |
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$ |
91,772 |
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Expired |
$ |
13.70 |
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(2,157 |
) |
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2,157 |
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At January 3, 2015 |
$ |
12.25 |
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157,295 |
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6.9 |
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$ |
852,810 |
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|
169,384 |
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Granted February 10, 2015 |
$ |
16.01 |
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32,532 |
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(32,532 |
) |
Exercised |
$ |
12.47 |
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(666 |
) |
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$ |
1,511 |
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Expired |
$ |
14.08 |
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(15,176 |
) |
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15,176 |
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At December 31, 2015 |
$ |
12.79 |
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173,985 |
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6.4 |
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$ |
— |
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152,028 |
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Exercised |
$ |
— |
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— |
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$ |
— |
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Expired |
$ |
16.01 |
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(937 |
) |
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937 |
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At December 31, 2016 |
$ |
12.77 |
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173,048 |
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5.4 |
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$ |
— |
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152,965 |
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Exercisable options |
$ |
12.12 |
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129,762 |
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4.8 |
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$ |
— |
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Options expected to vest: |
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Grant Date Fair Value |
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At January 3, 2015 |
$ |
12.54 |
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100,508 |
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7.2 |
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$ |
6.76 |
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Granted February 10, 2015 |
$ |
16.01 |
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32,532 |
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$ |
6.39 |
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Vested |
$ |
12.16 |
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(35,794 |
) |
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$ |
7.01 |
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Forfeited unvested options |
$ |
14.23 |
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(11,286 |
) |
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At December 31, 2015 |
$ |
13.76 |
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85,960 |
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7.3 |
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$ |
6.57 |
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Vested |
$ |
12.71 |
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(41,737 |
) |
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$ |
6.91 |
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Forfeited unvested options |
$ |
16.01 |
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(937 |
) |
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At December 31, 2016 |
$ |
14.72 |
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43,286 |
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7.1 |
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$ |
6.24 |
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| Stock options by exercise price range |
The following table summarizes information about stock options outstanding at December 31, 2016:
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Range of Exercise Prices |
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Outstanding Stock Options |
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Exercisable Stock Options |
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Shares |
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Weighted Average |
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Shares |
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Weighted Average Exercise Price |
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Exercise Price |
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Remaining Contractual Life in Years |
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$ |
11.55 |
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82,342 |
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$ |
11.55 |
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4.06 |
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82,342 |
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$ |
11.55 |
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$ |
11.35 |
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25,076 |
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$ |
11.35 |
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5.10 |
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19,879 |
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$ |
11.35 |
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$ |
13.70 |
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27,801 |
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$ |
13.70 |
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6.10 |
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17,141 |
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$ |
13.70 |
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$ |
14.76 |
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9,260 |
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$ |
14.76 |
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7.14 |
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3,704 |
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$ |
14.76 |
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$ |
16.01 |
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28,569 |
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$ |
16.01 |
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8.11 |
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6,696 |
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$ |
16.01 |
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173,048 |
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129,762 |
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| Summary of Stock Awards Plan activity |
A summary of plan activity for the 2005 and 2015 Stock Awards Plans is as follows:
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Shares |
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Weighted Average
Grant Date Fair Value
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Outstanding at December 28, 2013 |
19,252 |
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$ |
11.15 |
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Granted October 16, 2014 |
31,080 |
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$ |
15.69 |
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Granted November 21, 2014 |
23,665 |
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$ |
15.85 |
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Vested |
(7,434 |
) |
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$ |
10.60 |
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Forfeited |
(160 |
) |
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$ |
13.34 |
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Outstanding at January 3, 2015 |
66,403 |
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$ |
15.00 |
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Granted January 5, 2015 |
3,000 |
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$ |
17.95 |
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Vested |
(17,903 |
) |
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$ |
13.86 |
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Forfeited |
(60 |
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$ |
13.34 |
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Outstanding at December 31, 2015 |
51,440 |
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$ |
15.57 |
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Granted February 19, 2016 |
50,062 |
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$ |
7.51 |
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Granted May 5, 2016 |
42,348 |
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$ |
8.05 |
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Vested |
(21,133 |
) |
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$ |
13.12 |
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Forfeited |
(1,260 |
) |
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$ |
17.73 |
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Outstanding at December 31, 2016 |
121,457 |
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$ |
10.03 |
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