SHARE-BASED COMPENSATION, REDEEMABLE COMMON STOCK ISSUANCES AND REDEEMABLE COMMON STOCK (Tables)

12 Months Ended

Jan. 02, 2016

Weighted-Average Assumptions for Options Granted

The weighted-average assumptions for options granted in fiscal years 2015 and 2013 are included in the following table. No options were granted in fiscal year 2014.

	2015			2013
Expected volatility		36.6	%		35.0	%
Expected dividends		—			—
Risk-free interest rate		1.6	%		1.0	%
Expected term (in years)		4.8			6.3

Summary of Options Outstanding

The summary of Options outstanding and changes during fiscal year 2015 are presented below.

	Time Options			Performance Options			Total Options			Weighted- Average Fair Value		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Years
Outstanding at December 27, 2014		4,552,857			3,758,943			8,311,800		$	5.10	$	13.85
Granted		886,513			690,989			1,577,502		$	6.91	$	17.28
Exercised		(773,696	)		(682,920	)		(1,456,616	)	$	4.99	$	13.58
Forfeited		(282,786	)		(305,222	)		(588,008	)	$	5.69	$	15.79
Outstanding at January 2, 2016		4,382,888			3,461,790			7,844,678		$	5.45	$	14.76		5.3
Vested and exercisable at January 2, 2016		3,147,695			2,924,367			6,072,063		$	5.04	$	13.61		4.3

Summary of Nonvested Restricted Shares

The summary of nonvested Restricted Stock Units as of January 2, 2016, and changes during the fiscal year then ended presented below.

	Time Restricted Stock Units			Performance Restricted Stock Units			Total Restricted Stock Units			Weighted- Average Fair Value
Nonvested at December 27, 2014		409,765			190,872			600,637		$	16.20
Granted		361,908			185,947			547,855		$	17.87
Vested		(213,866	)		(90,409	)		(304,275	)	$	16.20
Forfeited		(55,038	)		(51,683	)		(106,721	)	$	16.30
Nonvested at January 2, 2016		502,769			234,727			737,496		$	17.41

Schedule of Redeemable Common Stock

The summary of changes in Redeemable common stock during fiscal years 2015, 2014 and 2013 is presented below (dollars in thousands).

	Number of Shares			Dollars			Management Loans			Total Redeemable Common Stock
BALANCE—December 29, 2012		2,771,170			38,548			(358	)		38,190
Issuance of Redeemable common stock		1,063,159			14,092			—			14,092
Redeemable common stock repurchased		(1,233,033	)		(18,377	)		123			(18,254	)
Payments on management loans		—			—			68			68
Share-based compensation expense for Redeemable common stock awards		—			3,827			—			3,827
BALANCE—December 28, 2013		2,601,296			38,090			(167	)		37,923
Issuance of Redeemable common stock		193,089			169			—			169
Redeemable common stock repurchased		(40,206	)		(744	)		—			(744	)
Payments on management loans		—			—			167			167
Share-based compensation expense for Redeemable common stock awards		—			5,169			—			5,169
BALANCE—December 27, 2014		2,754,179		$	42,684		$	—		$	42,684
Issuance of Redeemable common stock		1,720,923			20,478			—			20,478
Redeemable common stock repurchased		(2,116,483	)		(31,878	)		—			(31,878	)
Reclassification to award liability		—			(619	)		—			(619	)
Payments on management loans		—			—			—			—
Share-based compensation expense for Redeemable common stock awards		—			7,776			—			7,776
BALANCE—January 2, 2016		2,358,619		$	38,441		$	—		$	38,441

Restricted Shares [Member]

Summary of Nonvested Restricted Shares

The summary of nonvested Restricted Shares outstanding and changes during fiscal year 2015 is presented below:

	Restricted Shares			Weighted- Average Fair Value
Nonvested at December 27, 2014		64,959		$	15.71
Granted		—		$	—
Vested		(49,095	)	$	15.57
Forfeited		(8,827	)	$	15.98
Nonvested at January 2, 2016		7,037		$	16.20