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Stock-Based Compensation (Tables)
 12 Months Ended
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