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Share-Based Compensation, Common Stock Issuances and Common Stock (Tables)
 12 Months Ended
Jan. 02, 2021
Weighted-Average Assumptions for Options Granted
The weighted-average assumptions for Options granted in fiscal years 2020, 2019 and 2018 are included in the following table:
202020192018
Expected volatility29.3 %23.7 %35.7 %
Expected dividends— — — 
Risk-free interest rate0.5 %2.3 %2.6 %
Expected term (in years)6.15.65.4
Summary of Options Outstanding
The summary of Options outstanding and changes during fiscal year 2020 are presented below:
Time
Options		Performance
Options		Total
Options		Weighted-
Average Fair Value		Weighted-
Average Exercise Price		Weighted-
Average Remaining Contractual Years
Outstanding as of December 28, 20192,770,850 751,452 3,522,302 $10.03 $26.62 
Granted
2,620,253 — 2,620,253 $3.91 $13.29 
Exercised
(122,081)(70,797)(192,878)$6.87 $16.19 
Forfeited
(142,114)(13,067)(155,181)$7.91 $24.01 
Performance-based Forfeitures(1)
— (308,759)(308,759)$17.65 $19.47 
Outstanding as of January 2, 20215,126,908 358,829 5,485,737 $6.85 $21.10 7.7
Vested and exercisable as of January 2, 20211,826,067 358,829 2,184,896 $9.09 $25.83 5.8
(1)Represents the forfeiture of unvested Performance Options due to performance conditions not being met based on performance in fiscal years 2018 and 2019.
Summary of Nonvested Restricted Shares
A summary of RSUs outstanding and changes during fiscal year 2020 is presented below.
Time-Based
RSUs		Performance
RSUs		Total
RSUs		Weighted-
Average
Fair
Value
Unvested as of December 28, 2019927,174 432,001 1,359,175 $33.24 
Granted
2,361,332 — 2,361,332 $13.83 
Vested
(471,808)(83,235)(555,043)$31.85 
Forfeited
(124,248)(24,922)(149,170)$24.25 
Performance adjustment (1)
— (114,107)(114,107)$33.61 
Unvested as of January 2, 20212,692,450 209,737 2,902,187 $18.16 
(1)Represents an adjustment to the Performance RSUs based on actual performance during the respective three- or four-year performance period.
Performance Shares  
Summary of Nonvested Restricted Shares
The summary of unvested RSAs and changes during fiscal year 2020 is presented below: 
Time-Based RSAs
Performance RSAs
Total RSAs
Weighted-
Average
Fair
Value
Unvested as of December 28, 2019116,713 682,249 798,962 $33.13 
      Granted— — — $— 
      Vested (38,902)(98,415)(137,317)$31.57 
      Performance adjustment(1)
— (120,960)(120,960)$30.39 
Unvested as of January 2, 202177,811 462,874 540,685 $34.14 
(1)Represents an adjustment to the 2017 Performance RSAs based on the actual performance during the three-year performance period.