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Shareholders' Equity and Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 28, 2023
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 2023, fiscal 2022 and fiscal 2021:
| Year Ended
| December 28, 2023 |  | December 29, 2022 |  | December 30, 2021
Risk-free interest rate | 3.83 – 4.24% |  | 1.73 – 3.90% |  | 0.97 – 1.26%
Dividend yield | 1.50 - 1.80% |  | 1.50% |  | 1.50%
Volatility | 49 - 54% |  | 48 – 53% |  | 28 – 53%
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 28, 2023 |  | December 29, 2022 |  | December 30, 2021
| Options |  | Weighted- Average Exercise Price |  | Options |  | Weighted- Average Exercise Price |  | Options |  | Weighted- Average Exercise Price
Outstanding at beginning of period | 2,866 |  |  | $ | 23.76 |  |  | 2,533 |  |  | $ | 24.84 |  |  | 2,234 |  |  | $ | 24.87 |
Granted | 525 |  |  | 15.96 |  |  | 501 |  |  | 16.99 |  |  | 531 |  |  | 21.74 |
Exercised | (83) |  |  | 13.05 |  |  | (68) |  |  | 13.15 |  |  | (134) |  |  | 11.42 |
Forfeited | (135) |  |  | 25.11 |  |  | (100) |  |  | 24.89 |  |  | (98) |  |  | 26.60 |
Outstanding at end of period | 3,173 |  |  | 22.69 |  |  | 2,866 |  |  | 23.76 |  |  | 2,533 |  |  | 24.84 |
Exercisable at end of period | 1,989 |  |  | $ | 25.53 |  |  | 1,613 |  |  | $ | 25.70 |  |  | 1,119 |  |  | $ | 24.76 |
Weighted-average fair value of options granted during the period | $ | 7.86 |  |  |  |  | $ | 7.71 |  |  |  |  | $ | 9.47 |  |  |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range | Additional information as of December 28, 2023 related to options outstanding segregated by exercise price range is as follows (shares in thousands):
| Exercise Price Range
| $12.71 to $17.05 |  | $17.06 to $21.84 |  | $21.85 to $41.90
Options outstanding | 1,204 |  |  | 863 |  |  | 1,106 |
Weighted-average exercise price of options outstanding | $ | 15.78 |  |  | $ | 20.58 |  |  | $ | 31.86 |
Weighted-average remaining contractual life of options outstanding | 8.3 |  | 4.6 |  | 5.0
Options exercisable | 273 |  |  | 686 |  |  | 1,030 |
Weighted-average exercise price of options exercisable | $ | 14.06 |  |  | $ | 20.29 |  |  | $ | 32.06 |
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 28, 2023 |  | December 29, 2022 |  | December 30, 2021
| Shares |  | Weighted- Average Fair Value |  | Shares |  | Weighted- Average Fair Value |  | Shares |  | Weighted- Average Fair Value
Outstanding at beginning of period | 212 |  |  | $ | 21.07 |  |  | 357 |  |  | $ | 23.32 |  |  | 147 |  |  | $ | 31.02 |
Granted | 107 |  |  | 15.68 |  |  | 100 |  |  | 17.63 |  |  | 251 |  |  | 19.63 |
Vested | (81) |  |  | 23.77 |  |  | (242) |  |  | 22.95 |  |  | (32) |  |  | 30.69 |
Forfeited | — |  |  | — |  |  | (3) |  |  | 22.93 |  |  | (9) |  |  | 19.77 |
Outstanding at end of period | 238 |  |  | $ | 17.41 |  |  | 212 |  |  | $ | 21.07 |  |  | 357 |  |  | $ | 23.32 |

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