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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2016
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 2016, 2015, and 2014 are set forth below (amounts in thousands):
|  | Fiscal 2016 |  |  | Fiscal 2015 |  |  | Fiscal 2014 |
Cash received from option exercises |  | $ | 27,631 |  |  | $ | 19,617 |  |  | $ | 21,014 |
Cash tax windfall benefit, net |  | $ | 3,746 |  |  | $ | 7,660 |  |  | $ | 4,572 |
Intrinsic value of stock options exercised |  | $ | 15,778 |  |  | $ | 24,590 |  |  | $ | 16,725 |
Payout Determined from Total Shareholder Return Shares | The Company TSR compared to the Peer Group TSR will determine the payout as set forth below (the “TSR Modifier”):
Percentile |  | Payout as % of Target |
90th |  |  | 200 | %
70th |  |  | 150 | %
50th |  |  | 100 | %
30th |  |  | 50 | %
Below 30th |  |  | 0 | %
Performance-Contingent Restricted Stock Awards | The table below presents the TSR Modifier share adjustment, ROIC Modifier share adjustment, accumulated dividends on vested shares, and the tax windfall/shortfall at vesting of the performance-contingent restricted stock awards (amounts in thousands except for share data):
Award granted |  | Fiscal year vested |  | TSR Modifier increase/(decrease) shares |  |  | ROIC Modifier increase/(decrease) shares |  |  | Dividends at vesting (thousands) |  |  | Tax windfall/(shortfall) |  |  | Fair value at vesting |
2014 |  | 2016 |  |  | (248,872 | ) |  |  | (13,637 | ) |  | $ | 441 |  |  | $ | (3,090 | ) |  | $ | 7,173 |
2013 |  | 2015 |  |  | (48,069 | ) |  |  | 100,090 |  |  | $ | 859 |  |  | $ | 1,430 |  |  | $ | 18,378 |
2012 |  | 2014 |  |  | 193,756 |  |  |  | 50,939 |  |  | $ | 429 |  |  | $ | 2,668 |  |  | $ | 13,748 |
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 2016, 2015 and 2014 is set forth below (amounts in thousands, except price data):
|  | Fiscal 2016 |  |  | Fiscal 2015 |  |  | Fiscal 2014 |
|  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |
Balance at beginning of year |  |  | 1,349 |  |  | $ | 21.26 |  |  |  | 1,404 |  |  | $ | 19.09 |  |  |  | 1,229 |  |  | $ | 15.88 |
Initial grant |  |  | 801 |  |  | $ | 22.83 |  |  |  | 829 |  |  | $ | 20.18 |  |  |  | 732 |  |  | $ | 22.72 |
Supplemental grant for exceeding ROIC modifier |  |  | — |  |  | $ | — |  |  |  | 100 |  |  | $ | 14.37 |  |  |  | 51 |  |  | $ | 14.37 |
Supplemental grant for exceeding the TSR modifier |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |  |  |  | 194 |  |  | $ | 15.45 |
Vested |  |  | (312 | ) |  | $ | 22.02 |  |  |  | (853 | ) |  | $ | 16.22 |  |  |  | (759 | ) |  | $ | 16.11 |
Grant reduction for not achieving the ROIC modifier |  |  | (249 | ) |  | $ | 23.97 |  |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Grant reduction for not achieving the TSR modifier |  |  | (14 | ) |  | $ | 21.47 |  |  |  | (48 | ) |  | $ | 17.22 |  |  |  | — |  |  | $ | — |
Forfeitures |  |  | (32 | ) |  | $ | 23.60 |  |  |  | (83 | ) |  | $ | 20.99 |  |  |  | (43 | ) |  | $ | 19.73 |
Balance at end of year |  |  | 1,543 |  |  | $ | 21.53 |  |  |  | 1,349 |  |  | $ | 21.26 |  |  |  | 1,404 |  |  | $ | 19.09 |
Deferred and Restricted Stock Activity | The deferred and restricted stock activity for fiscal years 2016, 2015, and 2014 is set forth below (amounts in thousands, except price data):
|  | Fiscal 2016 |  |  | Fiscal 2015 |  |  | Fiscal 2014 |
|  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |  |  | Number of Shares |  |  | Weighted Average Fair Value |
Nonvested shares at beginning of year |  |  | 126 |  |  | $ | 21.89 |  |  |  | 151 |  |  | $ | 21.06 |  |  |  | 177 |  |  | $ | 18.92 |
Granted |  |  | 95 |  |  | $ | 19.30 |  |  |  | 70 |  |  | $ | 21.59 |  |  |  | 117 |  |  | $ | 20.24 |
Vested |  |  | (72 | ) |  | $ | 21.59 |  |  |  | (95 | ) |  | $ | 20.28 |  |  |  | (123 | ) |  | $ | 17.81 |
Forfeited |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |  |  |  | (20 | ) |  | $ | 18.93 |
Nonvested shares at end of year |  |  | 149 |  |  | $ | 20.39 |  |  |  | 126 |  |  | $ | 21.89 |  |  |  | 151 |  |  | $ | 21.06 |
Vested and deferred shares at end of year |  |  | 331 |  |  |  |  |  |  |  | 222 |  |  |  |  |  |  |  | 169 |  |  |  |  |
Stock Appreciation Rights Activity | The rights activity for fiscal years 2016, 2015, and 2014 is set forth below (amounts in thousands, except price data):
|  | Fiscal 2016 |  |  | Fiscal 2015 |  |  | Fiscal 2014 |
Balance at beginning of year |  |  | 14 |  |  |  | 29 |  |  |  | 141 |
Rights exercised |  |  | (14 | ) |  |  | (15 | ) |  |  | (112 | )
Balance at end of year |  |  | — |  |  |  | 14 |  |  |  | 29 |
Weighted average — grant date fair value |  | $ | — |  |  | $ | 8.67 |  |  | $ | 8.47 |
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 2016, 2015 and 2014 (amounts in thousands):
|  | Fiscal 2016 |  |  | Fiscal 2015 |  |  | Fiscal 2014 |
Stock options |  | $ | — |  |  | $ | — |  |  | $ | 197 |
Performance-contingent restricted stock awards |  |  | 16,611 |  |  |  | 13,369 |  |  |  | 16,544 |
Deferred stock awards |  |  | 2,161 |  |  |  | 2,205 |  |  |  | 2,176 |
Stock appreciation rights (income) expense |  |  | (11 | ) |  |  | 118 |  |  |  | (255 | )
Total stock-based compensation expense |  | $ | 18,761 |  |  | $ | 15,692 |  |  | $ | 18,662 |
Total Shareholders Return |
Payout Percentage of Total Shareholder Return Shares | The table below presents the payout percentage for each of the TSR awards:
Award |  | Fiscal year vested |  | Payout (%)
2012 award |  | Fiscal 2014 |  | 195
2013 award |  | Fiscal 2015 |  | 88
2014 award |  | Fiscal 2016 |  | 27
Performance Contingent Return On Invested Capital Shares |
Payout Percentage of Total Shareholder Return Shares | The table below presents the payout percentage for each of the ROIC awards:
Award |  | Fiscal year vested |  | Payout (%)
2012 award |  | Fiscal 2014 |  | 125
2013 award |  | Fiscal 2015 |  | 125
2014 award |  | Fiscal 2016 |  | 96
Stock Option |
Stock Option Activity | The stock option activity for fiscal years 2016, 2015, and 2014 pursuant to the EPIP is set forth below (amounts in thousands, except price data):
|  | Fiscal 2016 |  |  | Fiscal 2015 |  |  | Fiscal 2014 |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Options |  |  | Weighted Average Exercise Price |  |  | Options |  |  | Weighted Average Exercise Price |
Outstanding at beginning of year |  |  | 4,353 |  |  | $ | 10.97 |  |  |  | 6,191 |  |  | $ | 10.88 |  |  |  | 8,112 |  |  | $ | 10.89 |
Exercised |  |  | (2,507 | ) |  | $ | 11.02 |  |  |  | (1,838 | ) |  | $ | 10.67 |  |  |  | (1,921 | ) |  | $ | 10.94 |
Outstanding at end of year |  |  | 1,846 |  |  | $ | 10.89 |  |  |  | 4,353 |  |  | $ | 10.97 |  |  |  | 6,191 |  |  | $ | 10.88 |
Exercisable at end of year |  |  | 1,846 |  |  |  |  |  |  |  | 4,353 |  |  |  |  |  |  |  | 6,191 |  |  |  |  |
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 (2014) and the Omnibus Plan (2015) and have service period remaining (amounts in thousands, except price data):
Grant date |  | January 3, 2016 |  |  | January 4, 2015 |
Shares granted |  |  | 401 |  |  |  | 414 |
Assumed vesting date |  | 2/21/2018 |  |  | 2/23/2017 |
Fair value per share |  | $ | 24.17 |  |  | $ | 21.21 |
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 (2014) and the Omnibus Plan (2015) and have service period remaining (amounts in thousands, except price data):
Grant date |  | January 3, 2016 |  |  | January 4, 2015 |
Shares granted |  |  | 401 |  |  |  | 414 |
Assumed vesting date |  | 2/21/2018 |  |  | 2/23/2017 |
Fair value per share |  | $ | 21.49 |  |  | $ | 19.14 |

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