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Employee Stock Benefit Plans | 12 Months Ended
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Jan. 03, 2020
Share-based Payment Arrangement [Abstract] |
Employee Stock Benefit Plans | EMPLOYEE STOCK BENEFIT PLANS 2002 Stock Plan Trimble’s 2002 Stock Plan provides for the granting of incentive and non-statutory stock options and RSUs for up to 74.6 million shares. At the end of fiscal 2019, the remaining number of shares available for grant under the 2002 stock plan was 8.1 million. Stock-Based Compensation Expense The following table summarizes the components of stock-based compensation expense recognized in the Company’s Consolidated Statements of Income for the periods indicated:
Fiscal Years | 2019 |  | 2018 |  | 2017
(In millions) |  |  |  |  |
Restricted stock units | $ | 67.3 |  |  | $ | 68.9 |  |  | $ | 53.3 |
Stock options | 0.6 |  |  | 1.5 |  |  | 5.7 |
ESPP | 7.1 |  |  | 6.5 |  |  | 5.8 |
Total stock-based compensation expense | $ | 75.0 |  |  | $ | 76.9 |  |  | $ | 64.8 |
At the end of fiscal 2019, total unamortized stock-based compensation expense was $174.4 million, with a weighted-average recognition period of 2.4 years. Restricted Stock Units The Company grants RSUs containing only service conditions as well as performance stock units ("PSUs") containing a combination of service, performance, and/or market conditions. RSUs containing only service conditions vest ratably over a three to four year service period. PSUs are granted to executive officers and other senior employees and vest after a two to three year service period. For PSUs granted prior to 2019, the number of shares received at vesting will range from 0% to 200% of the target grant amount based on either (1) market conditions or (2) performance conditions. Market conditions consider the achievement of the Company’s relative total stockholder return ("TSR") of its common stock as compared to the TSR of the constituents of the S&P 500 over the vesting period. Performance conditions consider the achievement of the Company's financial results over the vesting period. PSUs granted during fiscal 2019 contain both performance and market conditions, and the number of shares received at vesting will range from 0% to 250% of the target grant amount.
| 2019 Restricted Stock Units Outstanding
| Number of Units (1) |  | Weighted Average Grant-Date Fair Value
(In millions, except for per share data) |  |  |
Outstanding at the beginning of year | 4.9 |  |  | $ | 35.94 |
Granted (2) | 3.7 |  |  | $ | 41.38 |
Shares vested, net | (2.4 | ) |  | $ | 31.41 |
Canceled and forfeited | (0.5 | ) |  | $ | 38.61 |
Outstanding at the end of year | 5.7 |  |  | $ | 39.62 |
(1) Includes 1.9 million PSUs granted, 1.3 million PSUs vested, and 2.0 million PSUs outstanding at the end of the year. (2) Includes 0.6 million PSUs related to performance adjustments above target levels at the vesting date. The weighted-average grant date fair value of all RSUs granted during fiscal years 2019, 2018, and 2017 was $41.38, $37.43, and $40.19 per share, respectively. The fair value of all RSUs vested during fiscal years 2019, 2018, and 2017 was $75.7 million, $73.9 million, and $40.4 million, respectively. Stock options Employee stock options vest over three years with annual or monthly vesting and expire seven to ten years from the date of grant. The following table summarizes information about stock options outstanding at the end of fiscal 2019:
| Number Of Shares (in millions) |  | Weighted- Average Exercise Price per Share |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at the beginning of year | 2.4 |  |  | $ | 28.26 |  |  |  |  |
Options granted | 0.1 |  |  | 40.57 |  |  |  |  |
Options exercised | (1.4 | ) |  | 27.75 |  |  |  |  |
Cancelled and forfeited | — |  |  | 23.53 |  |  |  |  |
Outstanding at the end of year | 1.1 |  |  | 29.96 |  |  | 2.0 |  | $ | 12.0 |
Options exercisable | 0.9 |  |  | $ | 28.61 |  |  | 1.2 |  | $ | 11.4 |
The total intrinsic value of options exercised during fiscal years 2019, 2018, and 2017 was $16.4 million, $30.0 million, and $41.1 million, respectively. The weighted-average grant date fair value per share of stock options granted during fiscal years 2019 and 2018 was $12.92, and $10.62, respectively. The fair value of all stock options vested during fiscal years 2019, 2018, and 2017 was $0.2 million, $1.9 million, and $6.5 million, respectively. Employee Stock Purchase Plan The Company has an ESPP under which the stockholders have approved an aggregate of 39.0 million shares of Common Stock for issuance to eligible employees. The plan permits eligible employees to purchase Common Stock through payroll deductions at 85% of the lower of the fair market value of the Common Stock at the beginning or at the end of each offering period, which is generally six months. Rights to purchase shares are granted during the first and third quarter of each fiscal year. The ESPP terminates on March 15, 2027. In fiscal 2019, 2018, and 2017, 0.8 million shares were issued, in each fiscal year respectively, representing $25.7 million, $24.0 million, and $20.4 million in cash received for the issuance of stock under the Purchase Plan. At the end of fiscal 2019, the number of shares reserved for future purchases was 7.4 million.

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