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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Compensation Costs | The total income tax benefit recognized in the income statement for share-based compensation arrangements was as follows (in thousands):
| December 29, 2018 |  | December 30, 2017 |  | December 31, 2016
Income tax benefit | $ | 1,582 |  |  | $ | 2,581 |  |  | $ | 2,809 |
Compensation cost charged against operations for the Plan and the 2017 MSPP described in "Note 11. Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity" in the Notes to Consolidated Financial Statements was as follows (in thousands):
| December 29, 2018 |  | December 30, 2017 |  | December 31, 2016
Compensation cost | $ | 7,317 |  |  | $ | 7,750 |  |  | $ | 8,141 |
The following table details deferred compensation, which is a combination of cash and stock, and the affected line item in the Consolidated Balance Sheets where deferred compensation is presented (in thousands):
| December 29, 2018 |  | December 30, 2017
Current maturities of other long-term obligations | $ | 2,356 |  |  | $ | 719 |
Other long-term liabilities | 8,729 |  |  | 11,581 |
Total deferred compensation | $ | 11,085 |  |  | $ | 12,300 |
Total fair-market value of deferred compensation | $ | 7,857 |  |  | $ | 8,885 |
Schedule of Valuation Assumptions | The stock-based compensation expense for the following year-end dates were estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions by grant year:
| December 29, 2018 |  | December 30, 2017 |  | December 31, 2016
Expected term | 5 years |  |  | 6 years |  |  | 6 years |
Expected volatility (weighted-average) | 34.12 | % |  | 38.07 | % |  | 38.96 | %
Expected dividend yield (weighted-average) | 2.97 | % |  | 2.36 | % |  | 3.30 | %
Risk-free interest rate (weighted-average) | 2.66 | % |  | 2.17 | % |  | 1.41 | %
Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes the changes in outstanding stock options:
| Number of Shares |  | Weighted Average Exercise Price
Outstanding as of January 2, 2016 | 3,358,323 |  |  | $ | 32.09 |
Granted | 877,277 |  |  | 32.18 |
Exercised | (609,663 | ) |  | 30.52 |
Forfeited or Expired | (121,602 | ) |  | 52.24 |
Outstanding as of December 31, 2016 | 3,504,335 |  |  | $ | 31.68 |
Granted | 537,795 |  |  | 46.61 |
Exercised | (446,817 | ) |  | 25.55 |
Forfeited or Expired | (33,029 | ) |  | 40.81 |
Outstanding as of December 30, 2017 | 3,562,284 |  |  | $ | 34.63 |
Granted | 788,301 |  |  | 38.53 |
Exercised | (647,759 | ) |  | 26.28 |
Forfeited or Expired | (75,821 | ) |  | 38.36 |
Outstanding as of December 29, 2018 | 3,627,005 |  |  | $ | 36.89 |
Schedule of Nonvested Restricted Stock Units Activity | A summary of the Corporation’s non-vested stock options and changes during the year are presented below:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Non-vested as of December 30, 2017 | 1,935,838 |  |  | $ | 12.05 |
Granted | 788,301 |  |  | 9.72 |
Vested | (646,900 | ) |  | 11.14 |
Forfeited | (75,821 | ) |  | 11.19 |
Non-vested as of December 29, 2018 | 2,001,418 |  |  | $ | 11.46 |
Stock Option Vested or Expected to Vest and are Exercisable | Information about stock options expected to vest or currently exercisable is as follows:
| December 29, 2018
| Number of Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Exercisable Period (years) |  | Aggregate Intrinsic Value ($000s)
Expected to vest | 1,864,724 |  |  | $ | 39.92 |  |  | 8.0 |  | $ | 1,779 |
Exercisable | 1,625,587 |  |  | $ | 33.21 |  |  | 4.4 |  | $ | 5,893 |
Schedule of Share-based Compensation Arrangement Other Information | Other information for the last three years is as follows (in thousands):
| December 29, 2018 |  | December 30, 2017 |  | December 31, 2016
Total fair value of shares vested | $ | 7,204 |  |  | $ | 8,057 |  |  | $ | 7,206 |
Total intrinsic value of options exercised | $ | 8,917 |  |  | $ | 7,270 |  |  | $ | 11,985 |
Cash received from exercise of stock options | $ | 17,021 |  |  | $ | 11,418 |  |  | $ | 18,609 |
Tax benefit realized from exercise of stock options | $ | 1,928 |  |  | $ | 2,423 |  |  | $ | 4,142 |
Weighted-average grant-date fair value of options granted | $ | 9.72 |  |  | $ | 14.41 |  |  | $ | 8.80 |
Schedule of Share-based Compensation, Restricted Stock Units Activity | The total value of shares vested was as follows (in thousands):
| 2018 |  |  | 2017 |  |  | 2016 |
Value of shares vested | $ | 618 |  |  | $ | 654 |  |  | $ | — |
The following table summarizes the changes in outstanding RSUs:
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Outstanding as of January 2, 2016 | 38,500 |  |  | $ | 43.77 |
Granted | 25,000 |  |  | 32.06 |
Vested | — |  |  | — |
Forfeited | (3,000 | ) |  | 51.54 |
Outstanding as of December 31, 2016 | 60,500 |  |  | $ | 38.54 |
Granted | — |  |  | — |
Vested | (18,500 | ) |  | 35.36 |
Forfeited | (5,000 | ) |  | 51.54 |
Outstanding as of December 30, 2017 | 37,000 |  |  | $ | 38.38 |
Granted | 23,224 |  |  | 40.44 |
Vested | (12,000 | ) |  | 51.54 |
Forfeited | (2,500 | ) |  | 28.90 |
Outstanding as of December 29, 2018 | 45,724 |  |  | $ | 36.49 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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