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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Components of Pre-Tax Stock-Based Compensation Expense

The components of pre-tax stock-based compensation expense included in SG&A expenses in the accompanying consolidated statement of income are as follows:

(In thousands)		December 30, 2017				December 31, 2016				January 2, 2016
Restricted Stock Unit Awards		$	5,621			$	4,848			$	5,185
Employee Stock Purchase Plan Awards		182				170				136
Stock Option Awards		—				51				420
Total		$	5,803			$	5,069			$	5,741

Summary of Activity of the Unvested Restricted Stock Units

A summary of the activity of the Company's unvested RSUs in 2017 is as follows:

		Units (In thousands)			Weighted Average Grant- Date Fair Value
Unvested RSUs at December 31, 2016		203			$	40.23
Granted		110			$	59.30
Vested		(111	)		$	42.81
Forfeited / Expired		(3	)		$	43.75
Unvested RSUs at December 30, 2017		199			$	49.32

Stock Option Activity

A summary of the Company's stock option activity in 2017 is as follows:

(In thousands, except per share amounts)		Number of Shares			Weighted Average Exercise Price				Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value (a)
Options Outstanding at December 31, 2016		307			$	20.72
Granted, Exercised and Canceled		—			$	—
Options Outstanding at December 30, 2017		307			$	20.72			3.5 years		$	24,493
Vested and Exercisable at December 30, 2017		307			$	20.72			3.5 years		$	24,493

(a) The closing price per share on the last trading day prior to year-end 2017 was $100.40.

Summary of Stock Option Exercises

A summary of the Company's stock option exercises in 2016 and 2015 is as follows:

(In thousands)		December 31, 2016				January 2, 2016
Total Intrinsic Value of Options Exercised		$	1,341			$	442
Cash Received from Options Exercised		$	1,189			$	284

Changes In Projected Benefit Obligations, Plan Assets, Unfunded Status, and Accumulated Other Comprehensive Items

The following table summarizes the change in benefit obligation; the change in plan assets; the unfunded status; and the amounts recognized in the accompanying consolidated balance sheet for the Company's U.S. and non-U.S. pension benefit plans and other post-retirement benefit plans. In accordance with ASU No. 2015-04, Compensation - Retirement Benefits (Topic 715), the Company elects to measure its plan assets and benefit obligations as of December 31.

		U.S. Pension								Non-U.S. Pension								Other Post-Retirement
(In thousands)		December 30, 2017				December 31, 2016				December 30, 2017				December 31, 2016				December 30, 2017				December 31, 2016
Change in Projected Benefit Obligation:
Projected benefit obligation at beginning of year		$	31,935			$	31,310			$	3,341			$	3,041			$	3,894			$	3,539
Acquisitions		—				—				241				380				—				—
Service cost		685				723				148				102				175				130
Interest cost		1,231				1,273				114				107				170				156
Actuarial loss		2,626				575				270				58				635				686
Benefits paid		(1,720		)		(1,946		)		(265		)		(63		)		(175		)		(180		)
Settlement payment		—				—				—				—				—				(415		)
Currency translation		—				—				421				(284		)		5				(22		)
Projected benefit obligation at end of year		$	34,757			$	31,935			$	4,270			$	3,341			$	4,704			$	3,894
Change in Plan Assets:
Fair value of plan assets at beginning of year		$	28,985			$	27,776			$	426			$	396			$	28			$	26
Actual return on plan assets		3,409				2,075				23				6				1				1
Employer contributions		1,080				1,080				355				159				179				601
Benefits paid		(1,720		)		(1,946		)		(265		)		(63		)		(175		)		(180		)
Settlement payment		—				—				—				—				—				(415		)
Currency translation		—				—				18				(72		)		2				(5		)
Fair value of plan assets at end of year		$	31,754			$	28,985			$	557			$	426			$	35			$	28
Unfunded Status		$	(3,003	)		$	(2,950	)		$	(3,713	)		$	(2,915	)		$	(4,669	)		$	(3,866	)
Accumulated Benefit Obligation at End of Year		$	30,311			$	27,573			$	3,047			$	2,549			$	—			$	—
Amounts Included in the Balance Sheet:
Current liability		$	—			$	—			$	(205	)		$	(194	)		$	(173	)		$	(183	)
Non-current liability		$	(3,003	)		$	(2,950	)		$	(3,508	)		$	(2,721	)		$	(4,496	)		$	(3,683	)
Amounts Included in Accumulated Other Comprehensive Items Before Tax:
Unrecognized net actuarial loss		$	(7,485	)		$	(7,383	)		$	(1,085	)		$	(784	)		$	(1,424	)		$	(872	)
Unrecognized prior service cost		—				(53		)		(52		)		(42		)		(439		)		(525		)
		$	(7,485	)		$	(7,436	)		$	(1,137	)		$	(826	)		$	(1,863	)		$	(1,397	)
Changes in Amounts Included in Accumulated Other Comprehensive Items Before Tax:
Current year net actuarial (loss) gain		$	(544	)		$	213			$	(277	)		$	(75	)		$	(634	)		$	(685	)
Amortization of prior service cost		53				55				6				4				88				88
Amortization of net actuarial loss		442				498				38				39				83				50
Settlement loss		—				—				—				—				—				114
Currency translation		—				—				(78		)		85				(3		)		(29		)
		$	(49	)		$	766			$	(311	)		$	53			$	(466	)		$	(462	)

Weighted-Average Assumptions Used to Determine the Benefit Obligation and Net Periodic Benefit Cost

The weighted-average assumptions used to determine net periodic benefit cost are as follows:

		U.S. Pension									Non-U.S. Pension									Other Post-Retirement
										December 30, 2017																		December 31, 2016			January 2, 2016			December 30, 2017			December 31, 2016			January 2, 2016			December 30, 2017			December 31, 2016			January 2, 2016
Discount Rate		4.03	%		4.22	%		3.87	%		3.45	%		3.87	%		3.33	%		4.10	%		4.28	%		4.01	%
Expected Long-Term Return on Plan Assets		5.00	%		5.00	%		5.25	%		7.53	%		7.72	%		6.90	%		7.53	%		7.72	%		6.90	%
Rate of Compensation Increase		3.00	%		3.00	%		3.00	%		3.65	%		3.67	%		3.42	%		3.08	%		3.05	%		3.15	%

The weighted-average assumptions used to determine the benefit obligation are as follows:

		U.S. Pension						Non-U.S. Pension						Other Post-Retirement
							December 30, 2017												December 31, 2016			December 30, 2017			December 31, 2016			December 30, 2017			December 31, 2016
Discount rate		3.51	%		4.03	%		3.16	%		3.26	%		3.71	%		4.20	%
Rate of compensation increase		3.00	%		3.00	%		3.33	%		3.33	%		3.11	%		3.12	%

Benefit Obligations in Excess of Fair Value of Plan Assets

The projected benefit obligations and fair values of plan assets for the Company's pension plans with projected benefit obligations in excess of plan assets are as follows:

		U.S. Pension								Non-U.S. Pension
(In thousands)									December 30, 2017									December 31, 2016				December 30, 2017				December 31, 2016
Pension Plans with Projected Benefit Obligations in Excess of Plan Assets:
Projected benefit obligation		$	34,757			$	31,935			$	4,270			$	3,341
Fair value of plan assets		$	31,754			$	28,985			$	557			$	426

Accumulated Benefit Obligations in Excess of Plan Assets

The accumulated benefit obligations and fair values of plan assets for the Company's pension plans with accumulated benefit obligations in excess of plan assets are as follows:

		U.S. Pension								Non-U.S. Pension
(In thousands)									December 30, 2017									December 31, 2016				December 30, 2017				December 31, 2016
Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets:
Accumulated benefit obligation		$	—			$	—			$	3,047			$	2,549
Fair value of plan assets		$	—			$	—			$	557			$	426

Components of Net Periodic Benefit Cost (Income)

The components of net periodic benefit cost are as follows:

		U.S. Pension												Non-U.S. Pension												Other Post-Retirement
(In thousands)													December 30, 2017																								December 31, 2016				January 2, 2016				December 30, 2017				December 31, 2016				January 2, 2016				December 30, 2017				December 31, 2016				January 2, 2016
Service cost		$	685			$	723			$	842			$	148			$	102			$	105			$	175			$	130			$	117
Interest cost		1,231				1,273				1,229				114				107				102				170				156				147
Expected return on plan assets		(1,326		)		(1,288		)		(1,421		)		(25		)		(25		)		(40		)		(2		)		(2		)		(2		)
Amortization of net actuarial loss		442				498				508				38				39				38				83				50				30
Amortization of prior service cost		53				55				55				6				4				4				88				88				88
Settlement loss		—				—				—				—				—				—				—				114				—
		$	1,085			$	1,261			$	1,213			$	281			$	227			$	209			$	514			$	536			$	380

Fair Values of Plan Assets

The fair values of the Company's noncontributory defined benefit retirement plan assets at year-end 2017 and year-end 2016 by asset category are as follows:

		December 30, 2017 Fair Value Measurement
(In thousands)		Quoted Prices in Active Markets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
U.S. Pension Plan Assets:
Mutual Funds		$	22,323			$	—			$	—			$	22,323
Investments measured at NAV														9,431
Total assets at fair value														$	31,754
Non-U.S. Pension Plan Assets:
Mutual Funds		$	557			$	—			$	—			$	557
Total assets at fair value														$	557

		December 31, 2016 Fair Value Measurement
(In thousands)		Quoted Prices in Active Markets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
U.S. Pension Plan Assets:
Mutual Funds		$	20,318			$	—			$	—			$	20,318
Investments measured at NAV														8,667
Total assets at fair value														$	28,985
Non-U.S. Pension Plan Assets:
Mutual Funds		$	426			$	—			$	—			$	426
Total assets at fair value														$	426

Target Asset Allocation of Plan Assets

The following target asset allocation has been established for the plan:

Asset Category		Minimum			Neutral			Maximum
Equity Securities		5	%		15	%		20	%
Debt Securities		80	%		85	%		95	%
Total					100	%

Estimated Future Benefit Payments

Estimated future benefit payments during the next five years and in aggregate for the five years thereafter are as follows:

										Other Post-retirement
(In thousands)		U.S. Pension				Non-U.S. Pension
2018		$	1,500			$	282			$	179
2019		1,507				159				166
2020		4,402				139				332
2021		1,960				284				151
2022		1,606				370				155
2023-2027		12,606				2,337				3,707

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