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Employee Benefit Plans (Tables)
12 Months Ended
Jan. 01, 2022
Share-based Payment Arrangement [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)January 1, 2022January 2, 2021December 28, 2019
RSU Awards$8,224 $6,453 $6,616 
Employee Stock Purchase Plan Awards303 323 199 
Total$8,527 $6,776 $6,815 
Summary of activity of the unvested restricted stock units
A summary of the activity of the Company's unvested RSUs in 2021 is as follows:
(In thousands, except per share amounts)UnitsWeighted
Average Grant-
Date Fair Value
Unvested RSUs at January 2, 2021120 $92.42 
Granted49 $174.52 
Vested(61)$96.96 
Forfeited(1)$91.71 
Unvested RSUs at January 1, 2022107 $127.70 
Stock option activity
A summary of the Company's stock option activity in 2021 is as follows:
(In thousands, except per share amounts) Number
of
Shares
Weighted
Average
Exercise
Price
Options Outstanding at January 2, 2021 27 $24.44 
Exercised(27)$24.44 
Options Outstanding at January 1, 2022 — $— 
Summary of stock option exercises
A summary of the Company's stock option exercises are as follows:
(In thousands)January 1, 2022January 2, 2021December 28, 2019
Total Intrinsic Value of Options Exercised$4,986 $4,071 $16,796 
Cash Received from Options Exercised$665 $1,123 $4,454