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Stock-Based Compensation | 3 Months Ended
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Mar. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation The Corporation measures stock-based compensation expense at grant date, based on the fair value of the award. Forms of awards issued under shareholder approved plans include stock options, restricted stock units based on a service condition ("restricted stock units"), restricted stock units based on both performance and service conditions ("performance stock units"), and shares issued under member stock purchase plans. Stock-based compensation expense related to stock options, restricted stock units, and performance stock units is recognized over the employees’ requisite service periods, adjusted for an estimated forfeiture rate for those shares not expected to vest. Additionally, expense related to performance stock units is periodically adjusted for the probable number of shares to be awarded based on Corporation achievement within an established target range of cumulative profitability over a multi-year period. The following table summarizes expense associated with these plans:
| Three Months Ended |  |
| March 30, 2024 |  | April 1, 2023 |  |  |  |
Compensation cost | $ | 7.7 |  |  | $ | 4.5 |  |  |  |  |
The increase in stock compensation cost was driven by higher forecasted Corporation achievement relative to performance stock unit targets, as well as an increase in members participating in stock-based incentive plans as a result of the Kimball International acquisition. The units granted by the Corporation had fair values as follows:
| Three Months Ended
| March 30, 2024 |  | April 1, 2023
Restricted stock units | $ | 7.3 |  |  | $ | 6.0 |
Performance stock units | $ | 7.2 |  |  | $ | 6.0 |
The following table summarizes unrecognized compensation expense and the weighted-average remaining service period for non-vested stock units as of March 30, 2024:
| Unrecognized Compensation Expense |  | Weighted-Average Remaining Service Period (years)
Non-vested restricted stock units | $ | 5.6 |  |  | 0.9
Non-vested performance stock units | $ | 12.4 |  |  | 1.2

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