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Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 01, 2016
Share-based Compensation [Abstract]  
Stock-Based Compensation Expense Included in Selling, General and Administrative Expenses Related to Stock Options and Restricted Stock Awards
Stock-based compensation expense included in selling, general and administrative expenses related to stock options, restricted stock awards ("RSAs"), restricted stock units ("RSUs") and performance stock units ("PSUs") is included in the accompanying Consolidated Statements of Income as follows (U.S. dollars in millions):
 
 
Year ended
Types of Awards
January 1, 2016
 
December 26, 2014
 
December 27, 2013
Stock options
$
3.9

 
$
5.2

 
$
6.8

RSUs/PSUs
$
12.2

 
$
6.5

 
$
2.4

RSAs
$
0.7

 
$
0.7

 
$
0.7

Total
$
16.8

 
$
12.4

 
$
9.9
Stock Option Grants
The following table lists the stock option grant from our 2014 Plan for the year ended December 26, 2014.

Stock Option Grant
Number of
Options
Granted
 
Exercise
Price
 
Fair Value
April 30, 2014 - Chairman and Chief Executive Officer
161,000

 
$
28.89

 
$
6.26
Stock Option Activity
The following table summarizes stock option activity for the years ended January 1, 2016, December 26, 2014 and December 27, 2013:

 
Number of
Shares
 
Weighted
Average
Exercise Price
 
Weighted
Average Fair
Value
Options outstanding at December 28, 2012
5,195,134

 
$
24.12

 
$
8.77

Granted
756,000

 
27.74

 
8.11

Exercised
(1,975,339
)
 
22.26

 
8.22

Cancelled
(3,000
)
 
24.29

 
8.44

 
 
 
 
 
 
Options outstanding at December 27, 2013
3,972,795

 
25.74

 
8.37

Granted
161,000

 
28.89

 
6.26

Exercised
(1,945,939
)
 
25.14

 
8.96

Cancelled
(72,250
)
 
29.44

 
9.79

 
 
 
 
 
 
Options outstanding at December 26, 2014
2,115,606

 
26.41

 
8.65

Granted
—

 
—

 
—

Exercised
(1,320,103
)
 
26.76

 
9.05

Cancelled
(35,000
)
 
29.63

 
11.43

 
 
 
 
 
 
Options outstanding at January 1, 2016
760,503

 
$
25.65

 
$
7.84

 
 
 
 
 
 
Exercisable at December 27, 2013
2,349,795

 
$
26.00

 
$
9.32

 
 
 
 
 
 
Exercisable at December 26, 2014
994,606

 
$
26.82

 
$
9.29

 
 
 
 
 
 
Exercisable at January 1, 2016
202,303

 
$
22.66

 
$
7.69
Weighted Average Assumptions Used in Black-Scholes Option Pricing Model
The following are the weighted average assumptions used in the Black-Scholes option pricing model for the periods indicated:
 
 
Year ended
 
December 26, 2014
 
December 27, 2013
Volatility
26.96
%
 
37.98
%
Risk-free rate
1.69
%
 
1.27
%
Dividend yield
1.73
%
 
1.80
%
Expected term of grant
5.0 years

 
5.0 years
Stock Options - Outstanding and Exercisable
Information about stock options outstanding at January 1, 2016 was as follows:

Exercise
Price
Remaining
Contractual
Life
 
Outstanding
 
Outstanding
Intrinsic Value
 
Exercisable
 
Exercisable
Intrinsic Value
$
14.77

3.3 years
 
30,000

 
$
0.7

 
30,000

 
$
0.7

$
15.78

0.6 years
 
8,609

 
0.2

 
8,609

 
0.2

$
17.35

1.2 years
 
6,250

 
0.1

 
6,250

 
0.1

$
19.76

0.2 years
 
6,250

 
0.1

 
6,250

 
0.1

$
19.83

3.1 years
 
6,250

 
0.1

 
6,250

 
0.1

$
21.72

3.6 years
 
13,500

 
0.2

 
13,500

 
0.2

$
22.25

2.6 years
 
24,970

 
0.4

 
24,970

 
0.4

$
22.46

6.2 years
 
32,200

 
0.5

 
—

 
—

$
23.76

5.6 years
 
37,391

 
0.6

 
37,391

 
0.6

$
24.29

6.6 years
 
181,133

 
2.6

 
36,133

 
0.5

$
26.52

7.1 years
 
64,400

 
0.8

 
—

 
—

$
28.01

7.6 years
 
65,800

 
0.7

 
14,200

 
0.2

$
28.09

7.6 years
 
168,400

 
1.8

 
—

 
—

$
28.89

8.3 years
 
96,600

 
1.0

 
—

 
—

$
33.97

2.2 years
 
18,750

 
0.1

 
18,750

 
0.1

 
 
 
760,503

 
$
9.9

 
202,303

 
$
3.2
Restricted Stock Units Award Activity
The following table lists the RSA for the years ended January 1, 2016 and December 26, 2014 (U.S. dollars in millions except share and per share data):

Date of Award
Shares of
Restricted Stock
Awarded
 
Price Per Share
January 2, 2015
21,875

 
$
33.60

January 2, 2014
26,117

 
$
28.15
Schedule of RSUs / PSUs Awarded
The following table lists the various RSUs/PSUs awarded under the 2014 Plan and Prior Plans for the years ended January 1, 2016 and December 26, 2014 (U.S. dollars in millions except share and per share data):

Date of Award
 
Type of Award
 
Units Awarded
 
Price Per Share
July 29, 2015
 
RSU
 
237,000
 
$
40.03

February 18, 2015
 
PSU
 
175,000
 
33.44

February 18, 2015
 
RSU
 
50,000
 
33.44

July 30, 2014
 
RSU
 
311,000
 
29.99

February 19, 2014
 
PSU
 
165,000
 
25.52
Schedule of RSUs / PSUs Activity
The following table summarizes RSUs/PSUs activity for the years ended January 1, 2016, December 26, 2014, December 27, 2013:

 
Number of
Shares
 
Weighted
Average Grant Date Fair
Value
RSUs/PSUs outstanding at December 28, 2012
150,000

 
$
24.68

Granted
175,000

 
26.52

Converted
—

 
—

Cancelled
—

 
24.68

 
 
 
 
RSUs/PSUs outstanding at December 27, 2013
325,000

 
25.67

Granted
491,398

 
28.44

Converted
(140,466
)
 
27.44

Cancelled
—

 
—

 
 
 
 
RSUs/PSUs outstanding at December 26, 2014
675,932

 
27.29

Granted
471,767

 
36.44

Converted
(157,933
)
 
32.38

Cancelled
(1,224
)
 
29.99

 
 
 
 
RSUs/PSUs outstanding at January 1, 2016
988,542

 
30.94

 
 
 
 
Vested at December 27, 2013
100,000

 
$
24.68

 
 
 
 
Vested at December 26, 2014
131,667

 
$
25.12

 
 
 
 
Vested at January 1, 2016
249,797

 
$
25.53
Summary of RSUs / PSUs Outstanding
Information about RSUs/PSUs outstanding at January 1, 2016 was as follows:

Exercise
Price
 
Outstanding
 
Outstanding
Intrinsic Value
 
Vested
 
Vested Intrinsic Value
$
40.03

 
190,748

 
$
—

 
—

 
$
—

$
33.44

 
177,213

 
1.0

 
—

 
—

$
33.44

 
40,506

 
0.2

 
—

 
—

$
25.52

 
152,692

 
2.0

 
50,864

 
2.0

$
29.99

 
182,420

 
1.6

 
—

 
—

$
26.52

 
137,987

 
1.7

 
91,958

 
3.6

$
24.68

 
106,976

 
1.5

 
106,975

 
4.2

 
 
988,542

 
$
8.0

 
249,797

 
$
9.8