XML 72 R47.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Stock-Based Compensation - (Tables)

12 Months Ended

Dec. 28, 2019

Share-based Payment Arrangement [Abstract]

Number and Weighted Average Exercise Price of Options Issued and Outstanding under All Stock Option Plans

The number and weighted-average exercise price of options issued and outstanding under all of the Company’s equity plans are as follows (in thousands, except for exercise prices):

	Year Ended December 28, 2019							Year Ended December 29, 2018							Year Ended December 30, 2017
	Shares			Average Exercise Price				Shares			Average Exercise Price				Shares			Average Exercise Price
Options outstanding, beginning of period	5,676			$	43.61			6,953			$	36.26			8,521			$	28.56
Granted	545			140.56				564			98.47				928			86.69
Canceled/Forfeited	(158	)		83.14				(233	)		67.45				(250	)		38.59
Exercised	(851	)		33.32				(1,608	)		27.62				(2,246	)		27.63
Options outstanding, end of period	5,212			$	54.23			5,676			$	43.61			6,953			$	36.26
Options exercisable, end of period	3,311			$	33.80			3,273			$	29.63			3,812			$	26.28

Number and Weighted Average Exercise Price of Outstanding and Exercisable Options

The number and weighted-average exercise price of outstanding and exercisable stock options segregated by exercise price ranges (in thousands, except range of exercise prices and remaining contractual life) were as follows:

	Year Ended December 28, 2019								Year Ended December 29, 2018
	Options Outstanding					Options Exercisable			Options Outstanding					Options Exercisable
Range of Exercise Prices	Number of Options			Average Remaining Contractual Life		Number of Options			Number of Options			Average Remaining Contractual Life		Number of Options
$15.00 to $35.00	2,287			3.35		2,240			2,956			4.24		2,560
$35.01 to $55.00	1,189			5.95		724			1,341			6.97		548
$55.01 to $75.00	53			6.69		23			72			7.75		20
$75.01 to $95.00	985			7.76		291			1,076			8.75		141
$95.01 to $115.00	144			8.61		26			160			9.54		4
$115.01 to $135.00	251			9.12		7			71			9.73		—
$135.01 to $160.00	303			9.63		—			—			0.00		—
Total	5,212			5.60		3,311			5,676			6.01		3,273

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The number of RSUs issued and outstanding under all of the Company’s equity plans are as follows (in thousands, except for weighted average grant date fair value amounts):

	Year Ended December 28, 2019							Year Ended December 29, 2018							Year Ended December 30, 2017
	Units			Weighted Average Grant Date Fair Value				Units			Weighted Average Grant Date Fair Value				Units			Weighted Average Grant Date Fair Value
RSUs outstanding, beginning of period	2,707			$	95.54			2,708			$	95.51			2,706			$	95.40
Granted	100			133.57				7			99.05				33			86.42
Canceled/Forfeited	(3	)		133.50				—			—				(25	)		85.79
Vested	(7	)		99.05				(8	)		88.40				(6	)		43.09
RSUs outstanding, end of period	2,797			$	96.85			2,707			$	95.54			2,708			$	95.51

Schedule of Nonvested Performance-based Units Activity

The number of PSUs outstanding under all of the Company’s equity plans are as follows (in thousands, except for weighted average grant date fair value amounts):

	Year Ended December 28, 2019							Year Ended December 29, 2018							Year Ended December 30, 2017
	Units			Weighted Average Grant Date Fair Value				Units			Weighted Average Grant Date Fair Value				Units			Weighted Average Grant Date Fair Value
PSUs outstanding, beginning of period	313			$	88.34			233			$	90.70			—			$	—
Granted	128			133.50				197			86.95				248			90.71
Canceled/Forfeited	—			—				(86	)		90.71				(15	)		90.87
Vested	(29	)		90.69				(31	)		90.70				—			—
PSUs outstanding, end of period	412			$	102.22			313			$	88.34			233			$	90.70

Range of Assumptions Used and Resulting Weighted-Average Fair Value of Options Granted at Date of Grant

The range of assumptions used and the resulting weighted-average fair value of stock options granted at the date of grant were as follows:

	Year Ended December 28, 2019		Year Ended December 29, 2018		Year Ended December 30, 2017
Risk-free interest rate	1.4% to 2.6%		2.3% to 3.1%		1.7% to 2.2%
Expected term	5.1 years to 5.2 years		5.2 years to 5.6 years		5.5 years to 5.6 years
Estimated volatility	28.2% to 30.0%		26.8% to 32.0%		29.7% to 32.1%
Expected dividends	0%		0%		0%
Weighted-average fair value of options granted	$42.29 per share		$31.85 per share		$27.81 per share

Total Share-Based Compensation Expense Included in Consolidated Statements of Comprehensive Income

The following table presents the total stock-based compensation expense that is included in each functional line item of the consolidated statements of operations (in thousands):

	Year Ended December 28, 2019				Year Ended December 29, 2018				Year Ended December 30, 2017
Cost of goods sold	$	445			$	334			$	351
Selling, general and administrative	30,450				21,391				13,272
Research and development	8,340				5,692				3,564
Total	$	39,235			$	27,417			$	17,187

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration