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Share-Based Compensation (Tables) | 12 Months Ended
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Jan. 01, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes stock option activity during 2022:
| Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life in Years |  | Aggregate Intrinsic Value
Outstanding at January 2, 2022 | 9,858 |  |  | $ | 18.44 |  |  |  |  |
Granted | 1,562 |  |  | 21.40 |  |  |  |  |
Exercised | (414) |  |  | 13.82 |  |  |  |  |
Forfeited and/or expired | (116) |  |  | 21.93 |  |  |  |  |
Outstanding at January 1, 2023 | 10,890 |  |  | $ | 19.00 |  |  | 6.60 |  | $ | 41,181 |
Vested or expected to vest at January 1, 2023 | 10,770 |  |  | $ | 18.97 |  |  | 6.57 |  | $ | 41,084 |
Exercisable at January 1, 2023 | 7,844 |  |  | $ | 17.73 |  |  | 5.69 |  | $ | 39,116 |
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:
| 2022 |  | 2021 |  | 2020
Risk-free interest rate | 3.00 | % |  | 0.70 | % |  | 0.22 | %
Expected option life in years | 4.75 |  | 4.50 |  | 4.50
Expected volatility | 37.82 | % |  | 38.00 | % |  | 38.02 | %
Expected dividend yield | 2.34 | % |  | 2.03 | % |  | 1.72 | %
Schedule of Non-vested Restricted Stock Units Activity | The following table summarizes activity of Restricted Shares during 2022:
| Number of Restricted Shares |  | Weighted Average Grant Date Fair Value
Non-vested at January 2, 2022 | 1,094 |  |  | $ | 20.09 |
Granted | 429 |  |  | 20.34 |
Vested | (279) |  |  | 20.38 |
Forfeited | (58) |  |  | 21.65 |
Non-vested at January 1, 2023 | 1,186 |  |  | $ | 20.03 |
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions | The input variables are noted in the table below:
| 2022 |  | 2021 |  | 2020
Risk-free interest rate | 1.71 | % |  | 0.20 | % |  | 1.38 | %
Expected life in years | 3.00 |  | 3.00 |  | 3.00
Expected volatility | 52.33 | % |  | 49.47 | % |  | 23.26 | %
Expected dividend yield (a) | 0.00 | % |  | 0.00 | % |  | 0.00 | %
_______________ (a)The Monte Carlo method assumes a reinvestment of dividends.
Schedule of Non-vested Performance-based Units Activity | The following table summarizes activity of performance shares at Target during 2022:
| Performance Condition Awards |  | Market Condition Awards
| Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Non-vested at January 2, 2022 | 505 |  |  | $ | 20.48 |  |  | 422 |  |  | $ | 24.52 |
Granted | 207 |  |  | 21.94 |  |  | 148 |  |  | 30.70 |
Dividend equivalent units issued (a) | 14 |  |  | 21.67 |  |  | 11 |  |  | 27.37 |
Vested | (75) |  |  | 17.86 |  |  | (99) |  |  | 21.37 |
Forfeited | (67) |  |  | 17.86 |  |  | (20) |  |  | 21.38 |
Non-vested at January 1, 2023 | 584 |  |  | $ | 21.67 |  |  | 462 |  |  | $ | 27.38 |
_______________ (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.
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
| 2022 |  | 2021 |  | 2020
Stock options | $ | 9,072 |  |  | $ | 9,256 |  |  | $ | 8,499 |
Restricted shares (a) | 7,106 |  |  | 6,677 |  |  | 6,507 |
Performance shares: |  |  |  |  |
Performance condition awards | 4,431 |  |  | 2,861 |  |  | 782 |
Market condition awards | 3,929 |  |  | 3,225 |  |  | 2,521 |
Modifications, net | — |  |  | — |  |  | 621 |
Share-based compensation | 24,538 |  |  | 22,019 |  |  | 18,930 |
Less: Income tax benefit | (3,043) |  |  | (2,790) |  |  | (2,958) |
Share-based compensation, net of income tax benefit | $ | 21,495 |  |  | $ | 19,229 |  |  | $ | 15,972 |
_______________ (a)2021 and 2020 include $19 and $213, 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 of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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 (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + 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 (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + 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 (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 performance share awards, including, but not limited to: (a) expected term of share awards and similar instrument, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s). + References No definition available. + Details
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