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Share-Based Compensation (Tables)

12 Months Ended

Jan. 02, 2021

Share-based Payment Arrangement [Abstract]

Schedule of option activity

A summary of option activity during fiscal 2020 from the 2006 Equity Plan is as follows:

			Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term						Aggregate Intrinsic Value
																					(in thousands)
Outstanding at December 28, 2019			444,489						$	26.31											$	12,115
Fiscal 2020:
Granted			—						—
Exercised			(118,841)						18.82												$	2,807
Expired			—						—
Forfeited			—						—												$	—
Outstanding at January 2, 2021			325,648						$	29.05					2.41						$	7,126
Option exercisable at January 2, 2021			308,735						$	28.09					2.12						$	7,052
Vest or expected to vest at January 2, 2021			325,569						$	29.04					2.41						$	7,125

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

The fair market value of the stock options at the date of grant were estimated using the Black-Scholes option-pricing model with the following weighted average assumptions:

						Fiscal Year
						2018
Risk-free interest rate						2.8		%
Expected volatility						39		%
Expected dividend yield						1.7		%
Forfeiture rate						0.4		%
Weighted average expected life (in years)						10.00

Schedule of roll-forward of the outstanding non-vested stock options

The following table provides a roll-forward of the outstanding non-vested stock options over fiscal 2020:

			Options
			Number of Shares						Weighted-Average Grant Date Fair Value
Non-vested at December 28, 2019			36,212						$	14.80
Granted			—						—
Vested			(19,299)						12.76
Forfeited			—						—
Non-vested at January 2, 2021			16,913						$	17.13

Schedule of roll-forward of the shares of restricted stock

The following table provides a roll-forward of the shares of restricted stock under the 2006 Equity Incentive Plan over fiscal 2020:

			Shares of Restricted Stock
			Number of Shares						Weighted-Average Grant Date Fair Value
Non-vested at December 28, 2019			31,523						$	38.66
Granted			16,454						36.46
Vested			(14,437)						34.78
Forfeited			—						—
Non-vested at January 2, 2021			33,540						$	38.73

Schedule of roll-forward of the time-vesting restricted stock units

The following table provides a roll-forward of the time-vesting restricted stock units under the 2006 Equity Incentive Plan over fiscal 2020:

			Time-Vesting Restricted Stock Units
			Number of Units						Weighted-Average Grant Date Fair Value
Non-vested at December 28, 2019			64,638						$	43.87
Granted			43,334						46.75
Vested			(22,983)						41.68
Forfeited			—						—
Non-vested at January 2, 2021			84,989						$	45.93

Schedule of outstanding non-vested performance-vesting restricted stock units

The following table provides a roll-forward of the performance-vesting restricted stock units under the 2006 Equity Incentive Plan over fiscal 2020. For purposes of this table, granted PRSUs are counted based on the maximum number of units that could vest upon achievement of the PRSUs' performance conditions which, for all periods presented, equaled 125% of the PRSUs' target number of units.

			Performance-Vesting Restricted Stock Units
			Number of Units						Weighted-Average Grant Date Fair Value
Non-vested at December 28, 2019			82,150						$	45.88
Granted			33,621						52.98
Vested			(23,976)						39.71
Forfeited			(1,215)						44.87
Non-vested at January 2, 2021			90,580						$	50.06

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