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Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Assumptions Used in Black-Scholes Options Pricing Model

The following table presents the assumptions used in the Black-Scholes option-pricing model for SARs outstanding at the year-end measurement date:

		December 31, 2019
Dividend yield			0.0	%
Expected volatility			31.0	%
Risk-free interest rate			1.6	%
Expected term			1.0

Schedule of Amount Paid for Cash Settled Awards by Award Type

The following table presents the amount paid for cash settled awards, by award type, for the years ended December 29, 2017, December 31, 2018, and December 31, 2019 (in thousands):

		December 29, 2017				December 31, 2018				December 31, 2019
Stock Appreciation Rights		$	170			$	4,576			$	5,261
Long-Term Growth			8,246				1,095				1,108
Restricted Award Units			2,635				4,439				5,537
Total		$	11,051			$	10,110			$	11,906

Summary of Restricted Stock Outstanding

For the year ended December 31, 2019, 74,704 shares of restricted stock units were issued, and 27,962 shares of common stock related to employee statutory income tax withholding were retired.

The following table presents the number of shares of restricted stock outstanding (at target shares for awards with performance conditions) at December 31, 2019:

		December 31, 2019				Weighted Average Grant-Date Fair Value
Restricted Stock Units (service condition)			189,090			$	34.15
Restricted Stock Units (service and performance condition)			317,550			$	34.02

Stock Appreciation Rights

Summary of Stock Appreciation Right Activity

The following table presents the number of SARs granted, vested, and forfeited for the years ended December 29, 2017, December 31, 2018, and December 31, 2019:

	Number of Units				Weighted Average Grant-Date Fair Value
Unvested at December 30, 2016		3,170,565			$	3.00
Granted		2,096,439			$	3.00
Vested		(1,573,998	)		$	3.00
Forfeited		(297,631	)		$	3.00
Unvested at December 29, 2017		3,395,375			$	3.00
Granted		1,708,746			$	3.00
Vested		(1,322,805	)		$	3.00
Forfeited		(364,662	)		$	3.00
Unvested at December 31, 2018		3,416,654			$	3.00
Granted		—			$	—
Vested		(1,547,142	)		$	3.00
Forfeited		(391,884	)		$	3.00
Unvested at December 31, 2019		1,477,628			$	3.00

Long-Term Growth Units

Schedule of Unvested Share Activity

The following table presents the number of Long-Term Growth Units granted, vested, and forfeited (at target shares) for the years ended December 29, 2017, December 31, 2018, and December 31, 2019:

	Number of Units				Weighted Average Grant-Date Fair Value
Unvested at December 30, 2016		331,986			$	19.65
Granted		174,270			$	20.33
Vested		(176,781	)		$	19.33
Forfeited		(21,594	)		$	20.09
Unvested at December 29, 2017		307,881			$	20.18
Granted		144,777			$	22.67
Vested		(136,221	)		$	20.00
Forfeited		(16,656	)		$	20.27
Unvested at December 31, 2018		299,781			$	20.23
Granted		—			$	—
Vested		(137,760	)		$	20.33
Forfeited		(34,584	)		$	21.50
Unvested at December 31, 2019		127,437			$	21.45

Restricted Award Units

Summary of Restricted Stock Unit Activity

The following table presents the number of Restricted Award Units granted, vested, and forfeited for the years ended December 29, 2017, December 31, 2018, and December 31, 2019:

	Number of Units				Weighted Average Grant-Date Fair Value
Unvested at December 30, 2016		534,355			$	19.85
Granted		306,843			$	20.33
Vested		(135,982	)		$	19.53
Forfeited		(45,771	)		$	19.90
Unvested at December 29, 2017		659,445			$	20.14
Granted		262,140			$	22.67
Vested		(264,408	)		$	20.00
Forfeited		(67,827	)		$	20.34
Unvested at December 31, 2018		589,350			$	21.31
Granted		—			$	—
Vested		(281,805	)		$	20.33
Forfeited		(58,101	)		$	21.31
Unvested at December 31, 2019		249,444			$	22.40

Restricted Stock Units

Summary of Restricted Stock Unit Activity

The following table presents the number and weighted average grant-date fair value of restricted stock units (at target shares for awards with performance conditions) at December 31, 2019:

		Number of Units				Weighted Average Grant-Date Fair Value
Outstanding at December 31, 2018			-			$	-
Granted			598,219				34.06
Vested			(74,704	)			34.02
Forfeited			(16,875	)			34.02
Outstanding at December 31, 2019			506,640			$	34.07

Summary of Restricted Stock Outstanding

The following table presents the number of shares of restricted stock units granted (at target shares for awards with performance conditions) for the year ended December 31, 2019:

		December 31, 2019				Weighted Average Grant-Date Fair Value
Restricted Stock Units (service condition)			270,544			$	34.11
Restricted Stock Units (service and performance condition)			327,675			$	34.02

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