STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 30, 2023

Share-Based Payment Arrangement [Abstract]

Total Stock-Based Compensation Cost and Associated Income Tax Benefits Recognized

The following table presents total stock-based compensation expense and the associated income tax benefits recognized in the statements of operations for all awards:

	Year Ended December
(In thousands)	2023		2022		2021
Stock-based compensation expense	$	16,725	$	21,891	$	38,516
Income tax benefits	1,960		2,571		5,201

PRSU and RSU Activity

The following table presents PRSU and RSU activity from December 2022 to December 2023:

	Performance-based			Nonperformance-based
	Number Outstanding	Weighted Average Grant Date Fair Value		Number Outstanding	Weighted Average Grant Date Fair Value
Outstanding at December 2022	799,351	$	43.00	518,466	$	38.21
Granted (1)	338,519	47.50		289,186	48.45
Issued as Common Stock	(337,084)	45.60		(275,857)	34.49
Forfeited/canceled	(22,694)	43.80		(18,460)	44.66
Outstanding at December 2023	778,092	$	43.80	513,335	$	45.75
Vested at December 2023	257,200	$	46.00	20,838	$	—

(1) Granted activity includes new awards granted during the year and dividend equivalents for both PRSUs and RSUs, as well as changes due to performance and market condition achievement for PRSUs.

Stock Option Activity

The following table presents stock option activity for the year ended December 2023:

	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (In thousands)
Outstanding at December 2022	1,212,908	$	26.70	3.7	$	16,121
Exercised	(391,687)	26.78
Outstanding at December 2023	821,221	$	26.66	2.8	$	29,368
Exercisable at December 2023	821,221	$	26.66	2.8	$	29,368