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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 29, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for 2018, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

Shares

 

 

Exercise

 

 

Contractual

 

 

Intrinsic Value

 

 

Under Options

 

 

Price

 

 

Life Years

 

 

(in thousands)

 

Options outstanding and exercisable at January 2, 2016

 

 

308,793

 

 

$

 

21.15

 

 

 

 

2.46

 

 

$

 

773

 

Exercised

 

 

(107,338

)

 

 

 

23.46

 

 

 

 

 

 

 

 

 

1,043

 

Cancelled/Expired

 

 

(938

)

 

 

 

14.36

 

 

 

 

 

 

 

 

 

 

 

Options outstanding and exercisable at December 31, 2016

 

 

200,517

 

 

 

 

19.94

 

 

 

 

1.65

 

 

 

 

3,929

 

Exercised

 

 

(152,589

)

 

 

 

21.02

 

 

 

 

 

 

 

 

 

1,832

 

Cancelled/Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding and exercisable at December 30, 2017

 

 

47,928

 

 

 

 

16.52

 

 

 

 

1.07

 

 

 

 

487

 

Exercised

 

 

(20,476

)

 

 

 

13.87

 

 

 

 

 

 

 

 

 

 

 

Cancelled/Expired

 

 

(14,400

)

 

 

 

22.69

 

 

 

 

 

 

 

 

 

 

 

Options outstanding and exercisable at December 29, 2018

 

 

13,052

 

 

$

 

13.87

 

 

 

 

0.37

 

 

$

 

39

 

Summary of Restricted Stock Activity

The following table summarizes restricted stock activity for 2018, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant-Date

 

 

 

 

 

 

 

 

Shares

 

 

Fair Value

 

Outstanding and nonvested at January 2, 2016

 

 

 

 

 

 

 

 

637,555

 

 

$

 

24.75

 

Granted

 

 

 

 

 

 

 

 

314,944

 

 

 

 

28.34

 

Vested

 

 

 

 

 

 

 

 

(255,156

)

 

 

 

24.56

 

Forfeited

 

 

 

 

 

 

 

 

(37,200

)

 

 

 

25.80

 

Outstanding and nonvested at December 31, 2016

 

 

 

 

 

 

 

 

660,143

 

 

 

 

26.48

 

Granted

 

 

 

 

 

 

 

 

296,297

 

 

 

 

34.68

 

Vested

 

 

 

 

 

 

 

 

(258,183

)

 

 

 

25.90

 

Forfeited

 

 

 

 

 

 

 

 

(84,513

)

 

 

 

29.11

 

Outstanding and nonvested at December 30, 2017

 

 

 

 

 

 

 

 

613,744

 

 

 

 

30.32

 

Granted

 

 

 

 

 

 

 

 

482,572

 

 

 

 

17.00

 

Vested

 

 

 

 

 

 

 

 

(260,644

)

 

 

 

28.89

 

Forfeited

 

 

 

 

 

 

 

 

(12,853

)

 

 

 

23.52

 

Outstanding and nonvested at December 29, 2018

 

 

 

 

 

 

 

 

822,819

 

 

$

 

23.07

 

Summary of Allocation of Stock-Based Compensation Expense in Consolidated Statements of Operations

Stock-based compensation expense recognized and included in “Selling, general and administrative expenses” in the consolidated statements of operations, and related tax benefits were as follows:

(In thousands)

 

 

 

2018

 

 

2017

 

 

2016

 

Restricted stock

 

 

 

$

 

7,646

 

 

$

 

9,611

 

 

$

 

7,936

 

Tax benefits

 

 

 

 

 

(2,242

)

 

 

 

(3,440

)

 

 

 

(2,976

)

Stock-based compensation expense, net of tax

 

 

 

$

 

5,404

 

 

$

 

6,171

 

 

$

 

4,960