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Stock-Based Compensation (Tables) | 12 Months Ended
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Jan. 03, 2015
Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises | The cash received, the windfall tax benefits, and intrinsic value from stock option exercises for fiscal years 2014, 2013, and 2012 are set forth below (amounts in thousands):
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
Cash received from option exercises |  | $ | 21,014 |  |  | $ | 13,685 |  |  | $ | 13,881 |
Cash tax windfall benefit, net |  | $ | 4,572 |  |  | $ | 5,622 |  |  | $ | 2,343 |
Intrinsic value of stock options exercised |  | $ | 16,725 |  |  | $ | 18,132 |  |  | $ | 9,965 |
Payout Determined from Total Shareholder Return Shares | The Company TSR compared to the Peer Group TSR will determine the payout as set forth below:
Percentile |  | Payout as % of Target |
90th |  |  | 200 | %
70th |  |  | 150 | %
50th |  |  | 100 | %
30th |  |  | 50 | %
Below 30th |  |  | 0 | %
Deferred and Restricted Stock Activity | The deferred and restricted stock activity for fiscal years 2014, 2013, and 2012 is set forth below:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |
|  | (Amounts in thousands, except price data) |
Nonvested shares at beginning of year |  |  | 177 |  |  | $ | 18.92 |  |  |  | 138 |  |  | $ | 13.04 |  |  |  | 155 |  |  | $ | 12.05 |
Granted |  |  | 117 |  |  | $ | 20.24 |  |  |  | 149 |  |  | $ | 20.32 |  |  |  | 99 |  |  | $ | 13.85 |
Vested |  |  | (123 | ) |  | $ | 17.81 |  |  |  | (110 | ) |  | $ | 13.41 |  |  |  | (116 | ) |  | $ | 12.42 |
Forfeited |  |  | (20 | ) |  | $ | 18.93 |  |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Nonvested shares at end of year |  |  | 151 |  |  | $ | 21.06 |  |  |  | 177 |  |  | $ | 18.92 |  |  |  | 138 |  |  | $ | 13.04 |
Vested and deferred shares at end of year |  |  | 169 |  |  |  |  |  |  |  | 92 |  |  |  |  |  |  |  | 102 |  |  |  |  |
Stock Appreciation Rights Activity | The rights activity for fiscal years 2014, 2013, and 2012 is set forth below:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | (Amounts in thousands, except price data) |
Balance at beginning of year |  |  | 141 |  |  |  | 195 |  |  |  | 281 |
Rights exercised |  |  | (112 | ) |  |  | (54 | ) |  |  | (86 | )
Balance at end of year |  |  | 29 |  |  |  | 141 |  |  |  | 195 |
Weighted average — grant date fair value |  | $ | 8.47 |  |  | $ | 7.20 |  |  | $ | 7.01 |
Summary of Company's Stock Based Compensation Expense | The following table summarizes the company’s stock based compensation expense, all of which was recognized in selling, distribution, and administration expense, for fiscal years 2014, 2013 and 2012:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | (Amounts in thousands) |
Stock options |  | $ | 197 |  |  | $ | 1,776 |  |  | $ | 3,374 |
Performance — contingent restricted stock awards |  |  | 16,544 |  |  |  | 11,180 |  |  |  | 4,615 |
Deferred stock awards |  |  | 2,176 |  |  |  | 1,769 |  |  |  | 1,384 |
Stock appreciation rights (income) expense |  |  | (255 | ) |  |  | 1,218 |  |  |  | 743 |
Total stock based compensation expense |  | $ | 18,662 |  |  | $ | 15,943 |  |  | $ | 10,116 |
Stock Option |
Stock Option Activity | The stock option activity for fiscal years 2014, 2013, and 2012 pursuant to the EPIP is set forth below:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Options |  |  | Weighted Average Exercise Price |  |  | Options |  |  | Weighted Average Exercise Price |
|  | (Amounts in thousands, except price data) |
Outstanding at beginning of year |  |  | 8,112 |  |  | $ | 10.89 |  |  |  | 9,541 |  |  | $ | 10.71 |  |  |  | 11,135 |  |  | $ | 10.45 |
Exercised |  |  | (1,921 | ) |  | $ | 10.94 |  |  |  | (1,415 | ) |  | $ | 9.67 |  |  |  | (1,570 | ) |  | $ | 8.84 |
Forfeitures |  |  | — |  |  | $ | — |  |  |  | (14 | ) |  | $ | 10.99 |  |  |  | (24 | ) |  | $ | 10.88 |
Outstanding at end of year |  |  | 6,191 |  |  | $ | 10.88 |  |  |  | 8,112 |  |  | $ | 10.89 |  |  |  | 9,541 |  |  | $ | 10.71 |
Exercisable at end of year |  |  | 6,191 |  |  |  |  |  |  |  | 4,978 |  |  |  |  |  |  |  | 3,973 |  |  |  |  |
Performance-Contingent Total Shareholder Return Shares |
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards | The following performance-contingent TSR Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):
Grant date |  | January 1, 2014 |  |  | January 1, 2013 |
Shares granted |  |  | 366 |  |  |  | 414 |
Assumed vesting date |  |  | 3/1/2016 |  |  |  | 3/1/2015 |
Fair value per share |  | $ | 23.97 |  |  | $ | 17.22 |
Performance-Contingent Restricted Stock Activity | A summary of the status of all of the company’s nonvested shares for performance-contingent restricted stock (including the TSR Shares and the ROIC Shares) for fiscal 2014, 2013 and 2012 is set forth below:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |
|  | (Amounts in thousands, except price data) |
Balance at beginning of year |  |  | 1,229 |  |  | $ | 15.88 |  |  |  | 888 |  |  | $ | 12.61 |  |  |  | 864 |  |  | $ | 11.11 |
Initial grant |  |  | 732 |  |  | $ | 22.72 |  |  |  | 828 |  |  | $ | 16.37 |  |  |  | 412 |  |  | $ | 14.91 |
Supplemental grant for exceeding ROIC modifier |  |  | 51 |  |  | $ | 14.37 |  |  |  | — |  |  | $ | — |  |  |  | — |  |  |  | — |
Supplemental grant for exceeding the TSR modifier |  |  | 194 |  |  | $ | 15.45 |  |  |  | 95 |  |  | $ | 10.62 |  |  |  | — |  |  |  | — |
Vested |  |  | (759 | ) |  | $ | 16.11 |  |  |  | (571 | ) |  | $ | 10.62 |  |  |  | (320 | ) |  | $ | 11.72 |
Grant reduction for not achieving the TSR modifier |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |  |  |  | (65 | ) |  | $ | 11.72 |
Forfeitures |  |  | (43 | ) |  | $ | 19.73 |  |  |  | (11 | ) |  | $ | 15.88 |  |  |  | (3 | ) |  | $ | 11.44 |
Balance at end of year |  |  | 1,404 |  |  | $ | 19.09 |  |  |  | 1,229 |  |  | $ | 15.88 |  |  |  | 888 |  |  | $ | 12.61 |
Return On Invested Capital |
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards | The following performance-contingent ROIC Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):
Grant date |  | January 1, 2014 |  |  | January 1, 2013 |
Shares granted |  |  | 366 |  |  |  | 414 |
Assumed vesting date |  |  | 3/1/2016 |  |  |  | 3/1/2015 |
Fair value per share |  | $ | 21.47 |  |  | $ | 15.51 |

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