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Shareholders' Equity and Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 29, 2022
Equity [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The Company estimated the fair value of stock options using the Black-Scholes option pricing model with the following assumptions used for awards granted during fiscal 2022, fiscal 2021 and fiscal 2020:
| Year Ended
| December 29, 2022 |  | December 30, 2021 |  | December 31, 2020
Risk-free interest rate | 1.73 – 3.90% |  | 0.97 – 1.26% |  | 0.40 – 1.26%
Dividend yield | 1.50% |  | 1.50% |  | 1.70 – 1.90%
Volatility | 48 - 53% |  | 28 – 53% |  | 27 – 41%
Expected life | 6 – 8 years |  | 6 – 8 years |  | 6 – 8 years
Schedule of Share-based Compensation, Stock Options, Activity | A summary of the Company’s stock option activity and related information follows (shares in thousands):
| Year Ended
| December 29, 2022 |  | December 30, 2021 |  | December 31, 2020
| Options |  | Weighted- Average Exercise Price |  | Options |  | Weighted- Average Exercise Price |  | Options |  | Weighted- Average Exercise Price
Outstanding at beginning of period | 2,533 |  |  | $ | 24.84 |  |  | 2,234 |  |  | $ | 24.87 |  |  | 1,641 |  |  | $ | 25.46 |
Granted | 501 |  |  | 16.99 |  |  | 531 |  |  | 21.74 |  |  | 728 |  |  | 23.47 |
Exercised | (68) |  |  | 13.15 |  |  | (134) |  |  | 11.42 |  |  | (31) |  |  | 12.21 |
Forfeited | (100) |  |  | 24.89 |  |  | (98) |  |  | 26.60 |  |  | (104) |  |  | 28.06 |
Outstanding at end of period | 2,866 |  |  | 23.76 |  |  | 2,533 |  |  | 24.84 |  |  | 2,234 |  |  | 24.87 |
Exercisable at end of period | 1,613 |  |  | $ | 25.70 |  |  | 1,119 |  |  | $ | 24.76 |  |  | 1,001 |  |  | $ | 20.38 |
Weighted-average fair value of options granted during the period | $ | 7.71 |  |  |  |  | $ | 9.47 |  |  |  |  | $ | 5.96 |  |  |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range | Additional information as of December 29, 2022 related to options outstanding segregated by exercise price range is as follows (shares in thousands):
| Exercise Price Range
| $12.71 to $20.25 |  | $20.26 to $27.00 |  | $27.01 to $41.90
Options outstanding | 1,067 |  |  | 895 |  |  | 904 |
Weighted-average exercise price of options outstanding | $ | 16.15 |  |  | $ | 23.06 |  |  | $ | 33.41 |
Weighted-average remaining contractual life of options outstanding | 6.5 |  | 6.3 |  | 6.2
Options exercisable | 480 |  |  | 473 |  |  | 660 |
Weighted-average exercise price of options exercisable | $ | 15.93 |  |  | $ | 24.15 |  |  | $ | 33.90 |
Schedule of Nonvested Share Activity | A summary of the Company’s non-vested stock activity and related information follows (shares in thousands):
| Year Ended
| December 29, 2022 |  | December 30, 2021 |  | December 31, 2020
| Shares |  | Weighted- Average Fair Value |  | Shares |  | Weighted- Average Fair Value |  | Shares |  | Weighted- Average Fair Value
Outstanding at beginning of period | 357 |  |  | $ | 23.32 |  |  | 147 |  |  | $ | 31.02 |  |  | 174 |  |  | $ | 29.16 |
Granted | 100 |  |  | 17.63 |  |  | 251 |  |  | 19.63 |  |  | 42 |  |  | 31.43 |
Vested | (242) |  |  | 22.95 |  |  | (32) |  |  | 30.69 |  |  | (69) |  |  | 26.56 |
Forfeited | (3) |  |  | 22.93 |  |  | (9) |  |  | 19.77 |  |  | — |  |  | — |
Outstanding at end of period | 212 |  |  | $ | 21.07 |  |  | 357 |  |  | $ | 23.32 |  |  | 147 |  |  | $ | 31.02 |

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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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