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Share-Based Compensation (Tables) | 12 Months Ended
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Jan. 02, 2022
Share-based Payment Arrangement [Abstract] |
Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes stock option activity during 2021:
| Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life in Years |  | Aggregate Intrinsic Value
Outstanding at January 3, 2021 | 11,242 |  |  | $ | 16.06 |  |  |  |  |
Granted | 1,435 |  |  | 23.70 |  |  |  |  |
Exercised | (2,746) |  |  | 11.38 |  |  |  |  |
Forfeited and/or expired | (73) |  |  | 21.27 |  |  |  |  |
Outstanding at January 2, 2022 | 9,858 |  |  | $ | 18.44 |  |  | 6.94 |  | $ | 55,337 |
Vested or expected to vest at January 2, 2022 | 9,727 |  |  | $ | 18.38 |  |  | 6.91 |  | $ | 53,197 |
Exercisable at January 2, 2022 | 6,514 |  |  | $ | 16.43 |  |  | 6.00 |  | $ | 48,372 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The weighted average grant date fair value of stock options was determined using the following assumptions:
| 2021 |  | 2020 |  | 2019
Risk-free interest rate | 0.70 | % |  | 0.22 | % |  | 1.57 | %
Expected option life in years | 4.50 |  | 4.50 |  | 4.50
Expected volatility | 38.00 | % |  | 38.02 | % |  | 23.55 | %
Expected dividend yield | 2.03 | % |  | 1.72 | % |  | 2.03 | %
Schedule of Nonvested Restricted Stock Units Activity | The following table summarizes activity of Restricted Shares during 2021:
| Number of Restricted Shares |  | Weighted Average Grant Date Fair Value
Non-vested at January 3, 2021 | 1,089 |  |  | $ | 19.01 |
Granted | 365 |  |  | 23.27 |
Vested | (304) |  |  | 18.69 |
Forfeited | (56) |  |  | 21.08 |
Non-vested at January 2, 2022 | 1,094 |  |  | $ | 20.09 |
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions | The input variables are noted in the table below:
| 2021 |  | 2020 |  | 2019
Risk-free interest rate | 0.20 | % |  | 1.38 | % |  | 2.51 | %
Expected life in years | 3.00 |  | 3.00 |  | 3.00
Expected volatility | 49.47 | % |  | 23.26 | % |  | 23.19 | %
Expected dividend yield (a) | 0.00 | % |  | 0.00 | % |  | 0.00 | %
_______________ (a)The Monte Carlo method assumes a reinvestment of dividends.
Schedule of Nonvested Performance-based Units Activity | The following table summarizes activity of performance shares at Target during 2021:
| Performance Condition Awards |  | Market Condition Awards
| Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Non-vested at January 3, 2021 | 429 |  |  | $ | 19.06 |  |  | 346 |  |  | $ | 23.65 |
Granted | 209 |  |  | 20.21 |  |  | 187 |  |  | 22.96 |
Dividend equivalent units issued (a) | 10 |  |  | 20.48 |  |  | 8 |  |  | 24.53 |
Vested (b) | (88) |  |  | 15.65 |  |  | (119) |  |  | 15.65 |
Forfeited | (55) |  |  | 15.65 |  |  | — |  |  | — |
Non-vested at January 2, 2022 | 505 |  |  | $ | 20.48 |  |  | 422 |  |  | $ | 24.52 |
_______________ (a)Dividend equivalent units are issued in lieu of cash dividends for non-vested performance shares. There is no weighted average fair value associated with dividend equivalent units. (b)Market condition awards exclude the vesting of an additional 52 shares, which resulted from the performance of the awards exceeding Target.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | Total share-based compensation and the related income tax benefit recognized in the Company’s consolidated statements of operations were as follows:
| Year Ended
| 2021 |  | 2020 |  | 2019
Stock options | $ | 9,256 |  |  | $ | 8,499 |  |  | $ | 7,685 |
Restricted shares (a) | 6,677 |  |  | 6,507 |  |  | 5,762 |
Performance shares: |  |  |  |  |
Performance condition awards | 2,861 |  |  | 782 |  |  | 2,195 |
Market condition awards | 3,225 |  |  | 2,521 |  |  | 2,023 |
Modifications, net | — |  |  | 621 |  |  | 1,011 |
Share-based compensation | 22,019 |  |  | 18,930 |  |  | 18,676 |
Less: Income tax benefit | (2,790) |  |  | (2,958) |  |  | (2,990) |
Share-based compensation, net of income tax benefit | $ | 19,229 |  |  | $ | 15,972 |  |  | $ | 15,686 |
_______________ (a)2021, 2020 and 2019 include $19, $213 and $396, respectively, related to retention awards in connection with the Company’s G&A Realignment Plan, which is included in “Reorganization and realignment costs.” See Note 5 for further information.

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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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=120381028&loc=d3e5070-113901 + Details
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