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EMPLOYEE BENEFIT PLANS
 9 Months Ended
Oct. 01, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
Stock-Based Compensation Plans. The following table summarizes stock options and stock appreciation rights activity during the Third Quarter:
Stock Options and Stock Appreciation Rights
 
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
 
 
(in Thousands)
 
 
 
(in Years)
 
(in Thousands)
Outstanding at July 2, 2016
 
2,206

 
$
51.59

 
6.7
 
$
791

Granted
 
101

 
29.49

 
 
 
 

Exercised
 
—

 
 
 
 
 
 
Forfeited or expired
 
(10
)
 
56.26

 
 
 
 

Outstanding at October 1, 2016
 
2,297

 
50.60

 
6.5
 
715

Exercisable at October 1, 2016
 
542

 
$
84.18

 
4.1
 
$
715


 
The aggregate intrinsic value shown in the table above is before income taxes and is based on (i) the exercise price for outstanding and exercisable options/rights at October 1, 2016 and (ii) the fair market value of the Company’s common stock on the exercise date for options/rights that were exercised during the Third Quarter.
Stock Options and Stock Appreciation Rights Outstanding and Exercisable. The following tables summarize information with respect to stock options and stock appreciation rights outstanding and exercisable at October 1, 2016:
Stock Options Outstanding
 
Stock Options Exercisable
Range of
Exercise Prices
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
 
(in Thousands)
 
 
 
(in Years)
 
(in Thousands)
 
 
$13.65 - $29.49
 
41

 
$
14.40

 
2.4
 
41

 
$
14.40

$29.78 - $47.99
 
91

 
36.29

 
2.3
 
91

 
36.29

$55.04 - $83.83
 
92

 
80.80

 
4.5
 
92

 
80.80

$95.91 - $131.46
 
144

 
127.98

 
5.4
 
144

 
127.98

Total
 
368

 
$
80.95

 
4.1
 
368

 
$
80.95


Stock Appreciation Rights Outstanding
 
Stock Appreciation Rights Exercisable
Range of
Exercise Prices
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
 
(in Thousands)
 
 
 
(in Years)
 
(in Thousands)
 
 
$13.65 - $29.49
 
113

 
$
27.72

 
7.0
 
13

 
$
13.65

$29.78 - $47.99
 
1,566

 
38.15

 
7.2
 
9

 
38.40

$55.04 - $83.83
 
141

 
79.03

 
5.8
 
64

 
80.18

$95.91 - $131.46
 
109

 
114.42

 
4.7
 
88

 
115.01

Total
 
1,929

 
$
44.82

 
7.0
 
174

 
$
90.99


 
Restricted Stock, Restricted Stock Units and Performance Restricted Stock Units. The following table summarizes restricted stock, restricted stock unit and performance restricted stock unit activity during the Third Quarter:
Restricted Stock, Restricted Stock Units
and Performance Restricted Stock Units
 
Number of Shares
 
Weighted-Average
Grant Date Fair
Value Per Share
 
 
(in Thousands)
 
 
Nonvested at July 2, 2016
 
1,524

 
$
40.95

Granted
 
61

 
29.50

Vested
 
(5
)
 
84.82

Forfeited
 
(16
)
 
46.51

Nonvested at October 1, 2016
 
1,564

 
$
40.30


 
The total fair value of restricted stock and restricted stock units vested during the Third Quarter was approximately $0.2 million. Vesting of performance restricted stock units is based on achievement of sales growth and operating margin targets in relation to the performance of a certain identified peer group, particular sales growth in relation to a defined sales plan and achievement of succession plans for key talent.