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Stock Options Plans and Stock-Based Compensation (Tables)
12 Months Ended
Jan. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activities relating to restricted stock awards
The table below summarizes activity relating to restricted stock units:
 
Number of
Shares Underlying
Restricted Stock
 
Weighted Average
Grant Date Fair
Value
Outstanding at December 29, 2012
941,030

 
$
24.09

Granted
521,056

 
25.87

Vested
(348,141
)
 
22.57

Forfeited
(186,291
)
 
24.91

Outstanding at December 28, 2013
927,654

 
$
25.50

Granted
372,159

 
38.25

Vested
(318,367
)
 
25.38

Forfeited
(71,591
)
 
28.42

Outstanding at December 27, 2014
909,855

 
$
30.53

Granted
576,410

 
32.33

Vested
(340,754
)
 
29.13

Forfeited
(121,142
)
 
31.49

Outstanding at January 2, 2016
1,024,369

 
$
31.90

Summary of stock option plan activity
The table below summarizes stock option plan activity:
 
Number of
Shares
 
Weighted Average
Exercise Price
 
Weighted  Average
Remaining
Contractual Term
 
Aggregate
Intrinsic
Value(1)
Outstanding at December 29, 2012
2,503,667

 
$
18.27

 
 
 
 
Granted
293,325

 
24.60

 
 
 
 
Exercised
(840,951
)
 
16.21

 
 
 
 
Canceled
(185,666
)
 
22.16

 
 
 
 
Outstanding at December 28, 2013
1,770,375

 
$
19.89

 
 
 
 
Granted
233,181

 
37.10

 
 
 
 
Exercised
(486,252
)
 
18.39

 
 
 
 
Canceled
(43,984
)
 
27.17

 
 
 
 
Outstanding at December 27, 2014
1,473,320

 
$
22.89

 
 
 
 
Granted
323,104

 
32.58

 
 
 
 
Exercised
(390,085
)
 
16.57

 
 
 
 
Canceled
(118,789
)
 
28.41

 
 
 
 
Outstanding at January 2, 2016
1,287,550

 
$
26.73

 
4.00 years
 
$11.6 million
Vested and expected to vest at January 2, 2016
1,230,537

 
$
26.45

 
3.90 years
 
$11.4 million
Exercisable as of January 2, 2016
768,184

 
$
23.18

 
2.74 years
 
$9.6 million
Weighted average fair value of options granted during the fiscal year ended January 2, 2016
 
 
$
13.21

 
 
 
 
Options available for future grant at January 2, 2016
2,484,296

 
 
 
 
 
 
 _________________________
(1)
The aggregate intrinsic value on the table was calculated based upon the positive difference between the closing market value of the Company’s stock on January 2, 2016 of $35.40 and the exercise price of the underlying option.
Summary of information about stock options outstanding
The following table summarizes information about stock options outstanding at January 2, 2016:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number
Outstanding
 
Weighted Average
Remaining
Contractual Life
 
Weighted  Average
Exercise Price
Number
Exercisable
 
Weighted Average
Exercise Price
     $  3.54 - $ 13.46
 
81,723

 
2.88 years
 
$
7.97

 
78,713

 
$
8.09

      14.52 - 14.52
 
144,017

 
1.25
 
14.52

 
144,017

 
14.52

      17.70 - 21.23
 
82,171

 
1.61
 
18.44

 
73,194

 
18.41

      22.86 - 22.86
 
166,757

 
4.10
 
22.86

 
112,252

 
22.86

      24.53 - 26.59
 
167,468

 
2.85
 
25.75

 
153,635

 
25.71

      29.60 - 32.38
 
162,225

 
6.51
 
31.04

 
1,500

 
31.22

      33.29 - 33.48
 
159,940

 
3.27
 
33.42

 
125,453

 
33.46

      33.72 - 34.30
 
168,599

 
6.24
 
34.13

 
12,671

 
33.72

      34.67 - 37.08
 
107,648

 
5.34
 
35.83

 
44,991

 
35.66

      43.35 -  43.35
 
47,002

 
4.95
 
43.35

 
21,758

 
43.35

     $ 3.54 -  $43.35
 
1,287,550

 
4.00 years
 
$
26.73

 
768,184

 
$
23.18

Activities relating to restricted stock units
The table below summarizes activity relating to restricted stock units:
 
Number of
Shares Underlying
Restricted Stock
 
Weighted Average
Grant Date Fair
Value
Outstanding at December 29, 2012
941,030

 
$
24.09

Granted
521,056

 
25.87

Vested
(348,141
)
 
22.57

Forfeited
(186,291
)
 
24.91

Outstanding at December 28, 2013
927,654

 
$
25.50

Granted
372,159

 
38.25

Vested
(318,367
)
 
25.38

Forfeited
(71,591
)
 
28.42

Outstanding at December 27, 2014
909,855

 
$
30.53

Granted
576,410

 
32.33

Vested
(340,754
)
 
29.13

Forfeited
(121,142
)
 
31.49

Outstanding at January 2, 2016
1,024,369

 
$
31.90