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Stock-based and Deferred Compensation Plans (Tables) | 12 Months Ended
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Dec. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments and Deferred Compensation [Abstract] |
Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs by award type | The Company recognized stock-based compensation expense as follows:
| FISCAL YEAR
(dollars in thousands) | 2015 |  | 2014 |  | 2013
Stock options | $ | 10,041 |  |  | $ | 11,946 |  |  | $ | 11,168 |
Restricted stock and restricted stock units | 6,758 |  |  | 3,857 |  |  | 2,026 |
Performance-based share units | 3,596 |  |  | 1,190 |  |  | 663 |
| $ | 20,395 |  |  | $ | 16,993 |  |  | $ | 13,857 |
Schedule of share-based compensation, stock options, activity | The following table presents a summary of the Company’s stock option activity for fiscal year 2015:
(in thousands, except exercise price and contractual life) | OPTIONS |  | WEIGHTED- AVERAGE EXERCISE PRICE |  | WEIGHTED- AVERAGE REMAINING CONTRACTUAL LIFE (YEARS) |  | AGGREGATE INTRINSIC VALUE
Outstanding as of December 28, 2014 | 9,777 |  |  | $ | 11.59 |  |  | 6.2 |  | $ | 120,461 |
Granted | 1,184 |  |  | 25.26 |  |  |  |  |
Exercised | (804 | ) |  | 9.58 |  |  |  |  |
Forfeited or expired | (439 | ) |  | 21.40 |  |  |  |  |
Outstanding as of December 27, 2015 | 9,718 |  |  | $ | 12.99 |  |  | 5.6 |  | $ | 59,427 |
Vested and expected to vest as of December 27, 2015 | 9,662 |  |  | $ | 12.93 |  |  | 5.6 |  | $ | 59,417 |
Exercisable as of December 27, 2015 | 6,790 |  |  | $ | 9.21 |  |  | 4.5 |  | $ | 57,226 |
Schedule of assumptions used to calculate fair value of options | Assumptions used in the Black-Scholes option pricing model and the weighted-average fair value of option awards granted were as follows for the periods indicated:
| FISCAL YEAR
| 2015 |  | 2014 |  | 2013
Assumptions: |  |  |  |  |
Weighted-average risk-free interest rate (1) | 1.64 | % |  | 1.82 | % |  | 1.22 | %
Dividend yield (2) | 1.00 | % |  | — | % |  | — | %
Expected term (3) | 6.3 years |  |  | 6.3 years |  |  | 6.3 years |
Weighted-average volatility (4) | 43.4 | % |  | 48.4 | % |  | 48.6 | %
Weighted-average grant date fair value per option | $ | 10.11 |  |  | $ | 11.37 |  |  | $ | 9.14 |
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(1) | Risk-free rate is the U.S. Treasury yield curve in effect as of the grant date for periods within the contractual life of the option.
(2) | Dividend yield is the level of dividends expected to be paid on the Company’s common stock over the expected term of the option.
(3) | Expected term represents the period of time that the options are expected to be outstanding. The simplified method of estimating the expected term is used since the Company does not have significant historical exercise experience for its stock options.
(4) | Volatility is based on the historical volatilities of the Company’s stock and the stock of comparable peer companies.
Schedule of stock-based compensation information, stock options | The following represents stock option compensation information for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2015 |  | 2014 |  | 2013
Intrinsic value of options exercised | $ | 11,843 |  |  | $ | 19,474 |  |  | $ | 42,661 |
Excess tax benefits for tax deductions related to the exercise of stock options | $ | 702 |  |  | $ | 2,405 |  |  | $ | 4,304 |
Cash received from option exercises, net of tax withholding | $ | 7,440 |  |  | $ | 9,540 |  |  | $ | 27,786 |
Fair value of stock options vested | $ | 26,643 |  |  | $ | 36,614 |  |  | $ | 47,468 |
Tax benefits for stock option compensation expense | $ | 4,594 |  |  | $ | 7,576 |  |  | $ | 4,381 |
Unrecognized stock option expense | $ | 21,060 |  |  |  |  |
Remaining weighted-average vesting period | 2.5 years |  |  |  |  |
Schedule of stock-based compensation, restricted stock and restricted stock units, activity | Following is a summary of the Company’s restricted stock and restricted stock unit activity for fiscal year 2015:
(shares in thousands) | NUMBER OF RESTRICTED STOCK & RESTRICTED STOCK UNIT AWARDS |  | WEIGHTED-AVERAGE GRANT DATE FAIR VALUE PER AWARD
Outstanding as of December 28, 2014 | 946 |  |  | $ | 20.08 |
Granted | 606 |  |  | 22.80 |
Vested | (271 | ) |  | 19.68 |
Forfeited | (136 | ) |  | 21.44 |
Outstanding as of December 27, 2015 | 1,145 |  |  | $ | 21.48 |
Schedule of stock-based compensation information, restricted stock and restricted stock units | The following represents restricted stock and restricted stock unit compensation information as of December 27, 2015:
| FISCAL YEAR
(dollars in thousands) | 2015 |  | 2014 |  | 2013
Fair value of restricted stock vested | $ | 5,339 |  |  | $ | 2,680 |  |  | $ | 1,597 |
Tax benefits for restricted stock compensation expense | $ | 2,303 |  |  | $ | 1,298 |  |  | $ | 817 |
Unrecognized restricted stock expense | $ | 18,638 |  |  |  |  |
Remaining weighted-average vesting period | 2.8 years |  |  |  |  |
Schedule of other share-based compensation, activity | At December 27, 2015, the following performance-based share unit (“PSUs”) programs were in progress:
|  | TARGET NO. OF PSUs REMAINING TO GRANT (1) (shares in thousands) |  | MAXIMUM PAYOUT (AS A % OF TARGET NO. OF PSUs) (2)
AWARD DATE |  | PROGRAM |  |
2/26/2013 |  | 2013 Program |  | 29 |  |  | 200 | %
4/24/2013 |  | 2013 Grant |  | 6 |  |  | 100 | %
2/27/2014 |  | 2014 Program |  | 96 |  |  | 200 | %
2/26/2015 |  | 2015 Program |  | 179 |  |  | 200 | %
3/2/2015 |  | 2015 Int’l Program |  | 15 |  |  | 100 | %
|  |  |  | 324 |  |  |
________________
(1) | Represents target PSUs awarded under each of the identified programs that have not been granted for accounting purposes. These PSUs do not result in the recognition of stock-based compensation expense until the performance target has been set by the Board as of the beginning of each fiscal year. There is no effect of these PSUs on the Company’s basic or diluted shares outstanding.
(2) | Assumes achievement of target threshold of Adjusted Net Income goals for the Company or Adjusted Earnings Before Interest, Taxes (“Adjusted EBIT”) for the respective concepts for the 2013 Program or 2013 Grant, achievement of target threshold of the Adjusted EPS goal for the Company for the 2014 Program and 2015 program. Assumes achievement of target threshold of Adjusted EBIT for certain international markets for the 2015 Programs.
Schedule of nonvested performance-based units, activity | The following table presents a summary of the Company’s PSU activity for fiscal year 2015:
(shares in thousands) | PERFORMANCE-BASED SHARE UNITS |  | WEIGHTED-AVERAGE GRANT DATE FAIR VALUE PER AWARD
Outstanding as of December 28, 2014 | 92 |  |  | $ | 25.08 |
Granted (1) | 184 |  |  | 24.23 |
Vested | (67 | ) |  | 24.72 |
Forfeited | (43 | ) |  | 24.65 |
Outstanding as of December 27, 2015 | 166 |  |  | $ | 24.11 |
________________
(1) | Share unit amounts include the number of PSUs at the target threshold in the current period grant and additional shares earned above target due to exceeding prior period performance criteria.
Schedule of employee service share-based compensation, allocation of recognized period costs | The following represents PSU compensation information as of December 27, 2015:
| FISCAL YEAR
(dollars in thousands) | 2015
Tax benefits for PSU compensation expense (1) | $ | 636 |
Unrecognized PSU expense | $ | 871 |
Remaining weighted-average vesting period | 0.3 years |
________________
(1) | The Company recognized nominal tax benefits for PSU compensation expense during fiscal years 2014 and 2013.

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