EQUITY INCENTIVE PLANS (Tables)

12 Months Ended

Jan. 01, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options Activity Related to Equity Incentive Plans

Stock option activity related to the 2004 Equity Incentive Plan is summarized as follows:

	Common Stock Options
				Weighted		Weighted
				Average		Average		Aggregate
				Exercise		Remaining		Intrinsic
	Outstanding			Price		Life		Value
						(Years)		(In thousands)
Stock options at December 29, 2013		4,317,065		$	17.17
Stock options granted		222,060			72.30
Stock options cancelled		(9,670	)		54.56
Stock options exercised		(939,340	)		9.56
Stock options at December 28, 2014		3,590,115		$	22.47
Stock options granted		193,970			111.63
Stock options cancelled		(32,176	)		73.55
Stock options exercised		(428,433	)		11.70
Stock options at January 3, 2016		3,323,476		$	28.57
Stock options granted		233,280			129.42
Stock options cancelled		(12,798	)		104.23
Stock options exercised		(1,045,648	)		14.38
Stock options at January 1, 2017		2,498,310		$	43.54		5.1	$	289,237
Exercisable at January 1, 2017		1,932,209		$	27.05		4.2	$	255,414

Stock Options Valuation Assumptions

	2016			2015			2014
Risk-free interest rate		1.3	%		1.7	%		1.8	%
Expected life (years)		5.5			5.5			5.5
Expected volatility		26.0	%		28.4	%		33.7	%
Expected dividend yield		1.2	%		1.1	%		1.4	%
Weighted average fair value per stock option	$	29.59		$	28.45		$	21.16

Restricted Stock and Performance Based Restricted Stock Activity Related to Equity Incentive Plans

Restricted stock and performance-based restricted stock activity related to the 2004 Equity Incentive Plan is summarized as follows:

				Weighted
				Average
				Grant Date
	Shares			Fair Value
Nonvested at January 3, 2016		316,332		$	75.74
Shares granted (1)		97,650			131.75
Shares cancelled		(13,970	)		88.34
Shares vested		(123,792	)		70.39
Nonvested at January 1, 2017		276,220		$	97.48

(1) The weighted average grant date fair value for performance-based restricted shares granted was calculated based on the market price on the grant dates. Certain tranches will ultimately be valued when the performance condition is established for each tranche, which generally occurs in the fourth quarter of each fiscal year.