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Pay vs Performance Disclosure - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Jan. 02, 2021
Sep. 30, 2020
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
Pay Versus Performance
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officers (“PEOs”) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Human Capital and Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
Year
Summary
Compensation
Table Total for
First PEO1
($)
Summary
Compensation
Table Total for
Second PEO1
($)
Compensation
Actually Paid
to First
PEO1,2,3
($)
Compensation
Actually Paid
to Second
PEO1,2,3
($)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs1
($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs1,2,3
($)
Value of Initial
Fixed $100
Investment
based on4:
Net
Income
($
Millions)
Adjusted
EBITDA5
($
Millions)
TSR
($)
Peer
Group
TSR
($)
2023
6,989,058
10,682,633
1,559,268
2,070,003
164.07
173.59
285.9
578.0
2022
5,138,466
1,084,330
1,500,850
797,066
121.11
124.69
272.1
491.5
2021
6,296,104
10,468,479
1,591,106
2,819,082
168.37
153.55
152.2
520.1
2020
8,262,897
3,977,720
4,860,551
4,092,817
2,025,478
1,527,032
84.23
103.60
138.0
482.3
(1)
Thomas W. Hill was our PEO in 2020 until September 2020. Anne P. Noonan has been our PEO since September 2020. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2020
2021
2022
2023
Brian J.Harris
Brian J. Harris
Brian J. Harris
C. Scott Anderson
Michael J. Brady
Karli S. Anderson
Karli S. Anderson
Karli S. Anderson
Anne Lee Benedict
Christopher B. Gaskill
Christopher B. Gaskill
Christopher B. Gaskill
Deon MacMillan
Kekin Ghelani
Kekin Ghelani
Brian J. Harris
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
Year
Summary
Compensation
Table Total for
Anne P. Noonan
($)
Exclusion of Stock
Awards for
Anne P. Noonan
($)
Inclusion of Equity
Values for
Anne P. Noonan
($)
Compensation
Actually Paid to
Anne P. Noonan
($)
2023
6,989,058
(3,495,877)
7,189,452
10,682,633
Year
Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average Exclusion
of Stock Awards
for Non-PEO NEOs
($)
Average Inclusion
of Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2023
1,559,268
(500,724)
1,011,459
2,070,003
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Anne P.
Noonan
($)
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Anne P.
Noonan
($)
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
for Anne P.
Noonan
($)
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for Anne P.
Noonan
($)
Fair Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for
Anne P.
Noonan
($)
Total -
Inclusion of
Equity
Values for
Anne P.
Noonan
($)
2023
4,614,208
2,198,289
376,955
7,189,452
Year
Average
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO
NEOs
($)
Average
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
for
Non-PEO
NEOs
($)
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for
Non-PEO
NEOs
($)
Average Fair
Value at Last
Day of Prior
Year of
Equity
Awards
Forfeited
During Year
for
Non-PEO
NEOs
($)
Total -
Average
Inclusion of
Equity
Values for
Non-PEO
NEOs
($)
2023
665,238
376,114
25,312
(55,205)
1,011,459
(4)
The Peer Group TSR set forth in this table utilizes the S&P 500 Construction Materials Industry Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 30, 2023. The comparison assumes $100 was invested for the period starting December 28, 2019, through the end of the listed year in the Company and in the S&P 500 Construction Materials Industry Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2023. Adjusted EBITDA is a non-GAAP measure. For more information on Adjusted EBITDA, please see the “Elements of Pay: Annual Cash Incentives” section of the Compensation Discussion & Analysis in this proxy statement. This performance measure may not have been the most important financial performance measure in prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years.
     
Company Selected Measure Name     Adjusted EBITDA      
Named Executive Officers, Footnote    
(1)
Thomas W. Hill was our PEO in 2020 until September 2020. Anne P. Noonan has been our PEO since September 2020. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2020
2021
2022
2023
Brian J.Harris
Brian J. Harris
Brian J. Harris
C. Scott Anderson
Michael J. Brady
Karli S. Anderson
Karli S. Anderson
Karli S. Anderson
Anne Lee Benedict
Christopher B. Gaskill
Christopher B. Gaskill
Christopher B. Gaskill
Deon MacMillan
Kekin Ghelani
Kekin Ghelani
Brian J. Harris
     
Peer Group Issuers, Footnote    
(4)
The Peer Group TSR set forth in this table utilizes the S&P 500 Construction Materials Industry Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 30, 2023. The comparison assumes $100 was invested for the period starting December 28, 2019, through the end of the listed year in the Company and in the S&P 500 Construction Materials Industry Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
     
Adjustment To PEO Compensation, Footnote    
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
Year
Summary
Compensation
Table Total for
Anne P. Noonan
($)
Exclusion of Stock
Awards for
Anne P. Noonan
($)
Inclusion of Equity
Values for
Anne P. Noonan
($)
Compensation
Actually Paid to
Anne P. Noonan
($)
2023
6,989,058
(3,495,877)
7,189,452
10,682,633
Year
Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average Exclusion
of Stock Awards
for Non-PEO NEOs
($)
Average Inclusion
of Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2023
1,559,268
(500,724)
1,011,459
2,070,003
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Anne P.
Noonan
($)
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Anne P.
Noonan
($)
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
for Anne P.
Noonan
($)
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for Anne P.
Noonan
($)
Fair Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for
Anne P.
Noonan
($)
Total -
Inclusion of
Equity
Values for
Anne P.
Noonan
($)
2023
4,614,208
2,198,289
376,955
7,189,452
Year
Average
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO
NEOs
($)
Average
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
for
Non-PEO
NEOs
($)
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for
Non-PEO
NEOs
($)
Average Fair
Value at Last
Day of Prior
Year of
Equity
Awards
Forfeited
During Year
for
Non-PEO
NEOs
($)
Total -
Average
Inclusion of
Equity
Values for
Non-PEO
NEOs
($)
2023
665,238
376,114
25,312
(55,205)
1,011,459
     
Non-PEO NEO Average Total Compensation Amount     $ 1,559,268 $ 1,500,850 $ 1,591,106 $ 2,025,478
Non-PEO NEO Average Compensation Actually Paid Amount     $ 2,070,003 797,066 2,819,082 1,527,032
Adjustment to Non-PEO NEO Compensation Footnote    
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
Year
Summary
Compensation
Table Total for
Anne P. Noonan
($)
Exclusion of Stock
Awards for
Anne P. Noonan
($)
Inclusion of Equity
Values for
Anne P. Noonan
($)
Compensation
Actually Paid to
Anne P. Noonan
($)
2023
6,989,058
(3,495,877)
7,189,452
10,682,633
Year
Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average Exclusion
of Stock Awards
for Non-PEO NEOs
($)
Average Inclusion
of Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2023
1,559,268
(500,724)
1,011,459
2,070,003
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Anne P.
Noonan
($)
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Anne P.
Noonan
($)
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
for Anne P.
Noonan
($)
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for Anne P.
Noonan
($)
Fair Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for
Anne P.
Noonan
($)
Total -
Inclusion of
Equity
Values for
Anne P.
Noonan
($)
2023
4,614,208
2,198,289
376,955
7,189,452
Year
Average
Year-End
Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO
NEOs
($)
Average
Vesting-Date
Fair Value of
Equity
Awards
Granted
During Year
that Vested
During Year
for
Non-PEO
NEOs
($)
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for
Non-PEO
NEOs
($)
Average Fair
Value at Last
Day of Prior
Year of
Equity
Awards
Forfeited
During Year
for
Non-PEO
NEOs
($)
Total -
Average
Inclusion of
Equity
Values for
Non-PEO
NEOs
($)
2023
665,238
376,114
25,312
(55,205)
1,011,459
     
Compensation Actually Paid vs. Total Shareholder Return    
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR, and the Peer Group TSR over the four most recently completed fiscal years.

     
Compensation Actually Paid vs. Net Income    
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years.

     
Compensation Actually Paid vs. Company Selected Measure    
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Adjusted EBITDA
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBITDA during the four most recently completed fiscal years.

     
Total Shareholder Return Vs Peer Group    
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR, and the Peer Group TSR over the four most recently completed fiscal years.

     
Tabular List, Table    
Tabular List of Most Important Financial and Non-Financial Performance Measures
The following table presents the financial and non-financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and Non-PEO NEOs for 2023 to Company performance. The measures in this table are not ranked.
Adjusted EBITDA
ROIC
EBITDA Margin
Relative TSR
Recordable Incident Rate
     
Total Shareholder Return Amount     $ 164.07 121.11 168.37 84.23
Peer Group Total Shareholder Return Amount     173.59 124.69 153.55 103.6
Net Income (Loss)     $ 285,900,000 $ 272,100,000 $ 152,200,000 $ 138,000,000
Company Selected Measure Amount     578,000,000 491,500,000 520,100,000 482,300,000
PEO Name Anne P. Noonan Thomas W. Hill Anne P. Noonan Anne P. Noonan Anne P. Noonan  
Measure:: 1            
Pay vs Performance Disclosure            
Name     Adjusted EBITDA      
Non-GAAP Measure Description    
(5)
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2023. Adjusted EBITDA is a non-GAAP measure. For more information on Adjusted EBITDA, please see the “Elements of Pay: Annual Cash Incentives” section of the Compensation Discussion & Analysis in this proxy statement. This performance measure may not have been the most important financial performance measure in prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years.
     
Measure:: 2            
Pay vs Performance Disclosure            
Name     ROIC      
Measure:: 3            
Pay vs Performance Disclosure            
Name     EBITDA Margin      
Measure:: 4            
Pay vs Performance Disclosure            
Name     Relative TSR      
Measure:: 5            
Pay vs Performance Disclosure            
Name     Recordable Incident Rate      
Thomas W. Hill [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     $ 0 $ 0 $ 0 $ 8,262,897
PEO Actually Paid Compensation Amount     0 0 0 4,860,551
Anne P. Noonan [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     6,989,058 5,138,466 6,296,104 3,977,720
PEO Actually Paid Compensation Amount     10,682,633 $ 1,084,330 $ 10,468,479 $ 4,092,817
PEO | Anne P. Noonan [Member] | Stock Awards [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (3,495,877)      
PEO | Anne P. Noonan [Member] | Equity Values [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     7,189,452      
PEO | Anne P. Noonan [Member] | Year-End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     4,614,208      
PEO | Anne P. Noonan [Member] | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     2,198,289      
PEO | Anne P. Noonan [Member] | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
PEO | Anne P. Noonan [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     376,955      
PEO | Anne P. Noonan [Member] | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
Non-PEO NEO | Stock Awards [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (500,724)      
Non-PEO NEO | Equity Values [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     1,011,459      
Non-PEO NEO | Year-End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     665,238      
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     376,114      
Non-PEO NEO | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     25,312      
Non-PEO NEO | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ (55,205)