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Share-Based Compensation (Tables)
12 Months Ended
Jan. 03, 2015
Share-Based Compensation  
Schedule of rollforward of the maximum number of shares issuable under the 2006 Incentive Plan

The following is a rollforward of the maximum number of shares issuable under the 2006 Incentive Plan as of January 3, 2015:

                                                                                                                                                                                    

 

 

Actual
Shares

 

Shares Using
Fungibility Ratio

 

Maximum shares of common stock issuable under the 2006 Incentive Plan

 

 

 

 

 

4,874,000

 

Restricted shares or units granted/reserved through March 12, 2008

 

 

471,827

 

 

(849,289

)

Restricted shares or units granted/reserved from March 12, 2008 to April 29, 2010

 

 

352,932

 

 

(776,450

)

Restricted shares or units granted/reserved on or after April 30, 2010

 

 

1,481,999

 

 

(2,710,594

)

Cancellation of restricted shares or units through March 12, 2008

 

 

91,277

 

 

164,299

 

Cancellation of restricted shares or units from March 12, 2008 to April 29, 2010

 

 

91,964

 

 

202,321

 

Cancellation of restricted shares or units on or after April 30, 2010

 

 

470,424

 

 

860,877

 

Options granted

 

 

 

 

 

(1,094,726

)

Options cancelled

 

 

 

 

 

193,183

 

Options forfeited

 

 

 

 

 

27,731

 

​  

​  

Shares available for grant under the 2006 Incentive Plan

 

 

 

 

 

891,352

 

​  

​  

​  

​  

​  

 

Summary of option activity

 

 

 

Options

 

Weighted
Average
Exercise
Price

 

Weighted Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

(in thousands)

 

Outstanding at December 28, 2013

 

 

1,292,349

 

$

30.43

 

 

 

 

 

 

 

Fiscal 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

178,608

 

 

30.97

 

 

 

 

 

 

 

Exercised

 

 

(20,931

)

 

22.40

 

 

 

 

 

 

 

Forfeited

 

 

(295,081

)

 

33.26

 

 

 

 

 

 

 

​  

​  

Outstanding at January 3, 2015

 

 

1,154,945

 

 

29.93

 

 

3.73

 

$

6,403

 

​  

​  

​  

​  

​  

Options exercisable at January 3, 2015

 

 

737,760

 

$

33.14

 

 

2.39

 

$

3,746

 

​  

​  

​  

​  

​  

 

Schedule of weighted average assumptions used to estimate the fair market value of the stock options at the date of grant

 

 

 

2014

 

2013

 

Risk-free interest rate

 

 

1.6 

%

 

1.4 

%

Expected volatility

 

 

43 

%

 

47 

%

Weighted average expected life (in years)

 

 

5.00 

 

 

5.00 

 

Expected dividends

 

 

 

 

 

 

Summary of options outstanding and options exercisable

The following table summarizes stock options outstanding and stock options exercisable as of January 3, 2015:

                                                                                                                                                                                    

 

 

Options Outstanding

 

Options Exercisable

 

Range of Exercise Prices

 

Number
Outstanding at
January 3,
2015

 

Weighted-Average
Remaining
Contractual
Life (years)

 

Weighted-Average
Exercise
Price

 

Number
Exercisable
at January 3,
2015

 

Weighted-Average
Exercise
Price

 

$18.48

 

 

254,355 

 

 

5.88 

 

$

18.48 

 

 

63,578 

 

$

18.48 

 

$18.49 - 22.81

 

 

328,253 

 

 

3.39 

 

 

21.68 

 

 

284,453 

 

 

21.64 

 

$22.82 - 29.07

 

 

86,665 

 

 

2.00 

 

 

24.22 

 

 

82,665 

 

 

24.18 

 

$29.08 - 32.26

 

 

178,608 

 

 

6.93 

 

 

30.97 

 

 

 

 

 

$32.27 - 48.85

 

 

42,500 

 

 

0.79 

 

 

42.58 

 

 

42,500 

 

 

42.58 

 

$48.86 - 50.00

 

 

150,000 

 

 

1.50 

 

 

50.00 

 

 

150,000 

 

 

50.00 

 

$50.01 - 53.72

 

 

114,564 

 

 

0.25 

 

 

50.73 

 

 

114,564 

 

 

50.73 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

 

1,154,945 

 

 

3.73 

 

$

29.93 

 

 

737,760 

 

$

33.14 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of non-vested stock options

The following table summarizes the status of CRA's non-vested stock options since December 28, 2013:

                                                                                                                                                                                    

 

 

Non-vested Options

 

 

 

Number of
Shares

 

Weighted-Average
Fair Value

 

Non-vested at December 28, 2013

 

 

401,678

 

$

8.16

 

Granted

 

 

178,608

 

 

12.24

 

Vested

 

 

(153,126

)

 

9.03

 

Forfeited

 

 

(9,975

)

 

8.30

 

​  

​  

​  

​  

Non-vested at January 3, 2015

 

 

417,185

 

$

9.98

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of non-vested restricted stock and time-vesting restricted stock unit awards

The following table summarizes the status of CRA's non-vested restricted stock and time-vesting restricted stock unit awards since December 28, 2013:

                                                                                                                                                                                    

 

 

Non-vested
Restricted Stock and Stock
Units

 

 

 

Number of
Shares

 

Weighted-Average
Fair Value

 

Non-vested at December 28, 2013

 

 

309,038

 

$

20.39

 

Granted

 

 

135,593

 

 

28.51

 

Vested

 

 

(149,195

)

 

21.75

 

Forfeited

 

 

(9,294

)

 

20.95

 

​  

​  

​  

​  

Non-vested at January 3, 2015

 

 

286,142

 

$

23.72

 

​  

​  

​  

​  

​  

​  

​  

​  

​