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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Payment Arrangement, Activity | A summary of the activity and related information follows:
|  | Stock Options |  | Restricted Stock Awards |  | Performance Stock Awards
(Shares in thousands) |  | Shares |  | Weighted Average Exercise Price |  | Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Beginning of period |  | 884 |  |  | $ | 14.60 |  |  | 982 |  |  | $ | 18.29 |  |  | 1,722 |  |  | $ | 22.04 |
Granted |  | — |  |  | N/A |  | 93 |  |  | 36.88 |  |  | 535 |  | (2) | 37.64 |
Added by Performance Factor |  | — |  |  | N/A |  | — |  |  | N/A |  | 100 |  |  | 14.81 |
Exercised/Released |  | (258) |  |  | 14.16 |  |  | (410) |  |  | 18.89 |  |  | (455) |  |  | 15.40 |
Forfeited |  | — |  |  | N/A |  | (1) |  |  | 33.80 |  |  | — |  |  | N/A
End of period |  | 626 |  |  | $ | 14.78 |  |  | 664 |  |  | $ | 20.51 |  |  | 1,902 |  | (1) | $ | 27.63 |
(1) Of the performance stock awards outstanding, there are 856 thousand awards granted in 2021 and 2022 that have the potential to vest at maximum, up to 200% of target. These awards are represented at 100% target and would increase the performance awards outstanding by 856 thousand if they vest at maximum. (2) Performance awards granted in 2023 are represented at 200% target.
Schedule of Weighted Average Assumptions Used in Calculating Fair Value of Stock Options | The weighted average of key assumptions used in determining the fair value of options granted and a discussion of the methodology used to develop each assumption are as follows:
|  | 2023 |  | 2022 |  | 2021
Fair value of stock options on grant date |  | N/A |  | N/A |  | $ | 15.6
Expected term |  | N/A |  | N/A |  | 7.9 years
Expected price volatility |  | N/A |  | N/A |  | 33.6 | %
Risk-free interest rate |  | N/A |  | N/A |  | 1.3 | %
Dividend yield |  | N/A |  | N/A |  | 1.1 | %

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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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