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Stock and Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 29, 2019
Share-based Payment Arrangement [Abstract]  
Summary of stock-based compensation expense
The following table summarizes the Company's stock-based compensation expense by type of award granted under both the KAR and IAA plans (in millions):
 
Fiscal Years Ended
 
December 29, 2019
 
December 30, 2018
 
December 31, 2017
Performance-based Restricted Stock Units
$
0.4

 
$
—

 
$
—

Restricted Stock Units and Awards
3.9

 
3.7

 
3.6

Stock Options
0.4

 
0.1

 
0.2

Total stock-based compensation expense
$
4.7

 
$
3.8

 
$
3.8
Schedule of restricted stock units/awards activity
The following table summarizes the Company's RSU activity:
Restricted Stock Units*
Awards
 
Weighted Average Grant Date
Fair Value
Outstanding at June 28, 2019 (converted from KAR in connection with the Separation)
1,059,180

 
$
30.57

Granted
19,430

 
44.85

Vested
(42,845
)
 
29.56

Forfeited
(48,145
)
 
30.74

Outstanding at December 29, 2019
987,620

 
30.88

* IAA awards, including those held by KAR employees
The following table summarizes the Company's PRSU activity:
Performance-based Restricted Stock Units*
Awards
 
Weighted Average Grant Date
Fair Value
Outstanding at June 28, 2019 (converted from KAR in connection with the Separation)
281,320

 
$
29.27

Vested
(4,320
)
 
29.18

Forfeited
(15,000
)
 
29.23

Outstanding at the end of fiscal year
262,000

 
29.31

* IAA awards, including those held by KAR employees
The following table summarizes the Company's RSA activity:
Restricted Stock Awards
Awards
 
Weighted Average Grant Date
Fair Value
Outstanding at June 28, 2019 (converted from KAR in connection with the Separation)
—

 
$
—

Granted
13,840

 
46.97

Vested
(3,460
)
 
46.97

Outstanding at December 29, 2019
10,380

 
46.97
Schedule of options activity
The following table summarizes stock option activity:
Stock Options *
 
Number of Awards
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(in Years)
 

Average
Intrinsic Value
(in millions)
Outstanding at June 28, 2019 (converted from KAR in connection with the Separation)
 
812,791

 
$
15.01

 
 
 
 

Granted
 
189,237

 
46.97

 
 
 
 
Exercised
 
(100,454
)
 
16.42

 
 
 
 

Canceled/Expired
 
(563
)
 
17.11

 
 
 
 

Outstanding at December 29, 2019
 
901,011

 
21.57

 
4.6
 
$
22.9

 
 
 
 
 
 
 
 
 
Exercisable at December 29, 2019
 
711,774

 
14.81

 
3.3
 
$
22.9

* IAA awards, including those held by KAR employees.