Stock-Based Compensation (Tables)

12 Months Ended

Jan. 02, 2016

Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises

The cash received, the windfall tax benefits, and intrinsic value from stock option exercises for fiscal years 2015, 2014, and 2013 are set forth below (amounts in thousands):

	Fiscal 2015		Fiscal 2014		Fiscal 2013
Cash received from option exercises	$	19,617	$	21,014	$	13,685
Cash tax windfall benefit, net	$	7,660	$	4,572	$	5,622
Intrinsic value of stock options exercised	$	24,590	$	16,725	$	18,132

Payout Determined from Total Shareholder Return Shares

The Company TSR compared to the Peer Group TSR will determine the payout as set forth below:

Percentile	Payout as % of Target
90th		200	%
70th		150	%
50th		100	%
30th		50	%
Below 30th		0	%

Deferred and Restricted Stock Activity

The deferred and restricted stock activity for fiscal years 2015, 2014, and 2013 is set forth below:

	Fiscal 2015					Fiscal 2014					Fiscal 2013
	Number of Shares			Weighted Average Fair Value		Number of Shares			Weighted Average Fair Value		Number of Shares			Weighted Average Fair Value
	(Amounts in thousands, except price data)
Nonvested shares at beginning of year		151		$	21.06		177		$	18.92		138		$	13.04
Granted		70		$	21.59		117		$	20.24		149		$	20.32
Vested		(95	)	$	20.28		(123	)	$	17.81		(110	)	$	13.41
Forfeited		—		$	—		(20	)	$	18.93		—		$	—
Nonvested shares at end of year		126		$	21.89		151		$	21.06		177		$	18.92
Vested and deferred shares at end of year		222					169					92

Stock Appreciation Rights Activity

The rights activity for fiscal years 2015, 2014, and 2013 is set forth below:

	Fiscal 2015			Fiscal 2014			Fiscal 2013
	(Amounts in thousands, except price data)
Balance at beginning of year		29			141			195
Rights exercised		(15	)		(112	)		(54	)
Balance at end of year		14			29			141
Weighted average — grant date fair value	$	8.67		$	8.47		$	7.20

Summary of Company's Stock Based Compensation Expense

The following table summarizes the company’s stock-based compensation expense, all of which was recognized in selling, distribution, and administration expense, for fiscal years 2015, 2014 and 2013:

	Fiscal 2015		Fiscal 2014			Fiscal 2013
	(Amounts in thousands)
Stock options	$	—	$	197		$	1,776
Performance-contingent restricted stock awards		13,369		16,544			11,180
Deferred stock awards		2,205		2,176			1,769
Stock appreciation rights (income) expense		118		(255	)		1,218
Total stock-based compensation expense	$	15,692	$	18,662		$	15,943

Stock Option

Stock Option Activity

The stock option activity for fiscal years 2015, 2014, and 2013 pursuant to the EPIP is set forth below:

	Fiscal 2015					Fiscal 2014					Fiscal 2013
	Options			Weighted Average Exercise Price		Options			Weighted Average Exercise Price		Options			Weighted Average Exercise Price
	(Amounts in thousands, except price data)
Outstanding at beginning of year		6,191		$	10.88		8,112		$	10.89		9,541		$	10.71
Exercised		(1,838	)	$	10.67		(1,921	)	$	10.94		(1,415	)	$	9.67
Forfeitures		—		$	—		—		$	—		(14	)	$	10.99
Outstanding at end of year		4,353		$	10.97		6,191		$	10.88		8,112		$	10.89
Exercisable at end of year		4,353					6,191					4,978

Performance-Contingent Total Shareholder Return Shares

Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent TSR Shares have been granted under the EPIP (2014) and the Omnibus Plan (2015) and have service period remaining (amounts in thousands, except price data):

Grant date	January 4, 2015		January 1, 2014
Shares granted		414		366
Assumed vesting date	3/1/2017		3/1/2016
Fair value per share	$	21.21	$	23.97

Performance-Contingent Restricted Stock Activity

A summary of the status of all of the company’s nonvested shares for performance-contingent restricted stock (including the TSR Shares and the ROIC Shares) for fiscal 2015, 2014 and 2013 is set forth below:

	Fiscal 2015					Fiscal 2014					Fiscal 2013
	Number of Shares			Weighted AverageFair Value		Number of Shares			Weighted Average Fair Value		Number of Shares			Weighted Average Fair Value
	(Amounts in thousands, except price data)
Balance at beginning of year		1,404		$	19.09		1,229		$	15.88		888		$	12.61
Initial grant		829		$	20.18		732		$	22.72		828		$	16.37
Supplemental grant for exceeding ROIC modifier		100		$	14.37		51		$	14.37		—		$	—
Supplemental grant for exceeding the TSR modifier		—		$	—		194		$	15.45		95		$	10.62
Vested		(853	)	$	16.22		(759	)	$	16.11		(571	)	$	10.62
Grant reduction for not achieving the TSR modifier		(48	)	$	17.22		—		$	—		—		$	—
Forfeitures		(83	)	$	20.99		(43	)	$	19.73		(11	)	$	15.88
Balance at end of year		1,349		$	21.26		1,404		$	19.09		1,229		$	15.88

Return On Invested Capital

Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent ROIC Shares have been granted under the EPIP (2014) and the Omnibus Plan (2015) and have service period remaining (amounts in thousands, except price data):

Grant date	January 4, 2015		January 1, 2014
Shares granted		414		366
Assumed vesting date	3/1/2017		3/1/2016
Fair value per share	$	19.14	$	21.47