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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 27, 2020
Performance Shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Performance Shares and Restricted Stock
A summary of the status of all nonvested performance shares at target as of third quarter-end 2020 and year-to-date changes is presented as follows below (in thousands of shares except per share data). There has been no grant of performance shares since year-end 2019. The majority of the vested shares in the table below is related to the 2017 performance share grant, which cliff-vested after approval from the Compensation Committee during the first quarter of 2020. The majority of the forfeited shares in the table below is related to the separation of two former senior officers during the third quarter of 2020. The vesting adjustment in the table below represents the 2017 Total Shareholder Return ("TSR") performance shares that did not vest because actual achievement was below the threshold level and resulted in no payout.
Financial Measure
Performance Shares
TSR
Performance Shares
SharesWeighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair Value
Nonvested at year-end 2019502 $24.21 114 $25.24 
Granted— — — — 
Vested(155)24.02 — — 
Forfeited(96)24.85 (5)31.38 
Vesting adjustment— — (62)20.15 
Nonvested at third quarter-end 2020251 $22.32 47 $31.38 
Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Performance Shares and Restricted Stock
A summary of the status of nonvested restricted stock as of third quarter-end 2020 and year-to-date changes is presented as follows below (in thousands of shares except per share data). The majority of the restricted stock granted related to new hires in the first quarter of 2020.
SharesWeighted Average Grant Date Fair Value
Nonvested at year-end 2019360 $24.92 
Granted64 14.69 
Vested(114)24.07 
Forfeited(30)24.64 
Nonvested at third quarter-end 2020280 $22.91