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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 03, 2022
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 second quarter-end 2022 and year-to-date changes is presented as follows below (in thousands of shares except per share data). The vesting adjustment in the table below represents the 2019 and a portion of the 2021 financial measure performance shares that did not vest because actual achievement was below the threshold level and resulted in no payout.
Financial Measure
Performance Shares
SharesWeighted Average Grant Date Fair Value
Nonvested at year-end 2021708 $20.03 
Granted186 21.19 
Vested(48)22.55 
Forfeited(6)16.81 
Vesting adjustment(142)24.45 
Nonvested at second quarter-end 2022698 $19.39 
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 second quarter-end 2022 and year-to-date changes is presented as follows below (in thousands of shares except per share data). During the second quarter of 2022, the Company granted 128,000 shares with a weighted average grant date fair value of $17.92 as a special retention stock award to certain key employees and is reflected in the granted line item below.
SharesWeighted Average Grant Date Fair Value
Nonvested at year-end 2021403 $21.24 
Granted388 20.47 
Vested(101)22.43 
Forfeited(72)21.62 
Nonvested at second quarter-end 2022618 $20.52