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Share-Based Compensation (Tables)
 12 Months Ended
Jan. 02, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock option activity during 2021:
Number of OptionsWeighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life in Years		Aggregate
Intrinsic
Value
Outstanding at January 3, 2021
11,242 $16.06 
Granted1,435 23.70 
Exercised(2,746)11.38 
Forfeited and/or expired(73)21.27 
Outstanding at January 2, 2022
9,858 $18.44 6.94$55,337 
Vested or expected to vest at January 2, 20229,727 $18.38 6.91$53,197 
Exercisable at January 2, 2022
6,514 $16.43 6.00$48,372 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The weighted average grant date fair value of stock options was determined using the following assumptions:
202120202019
Risk-free interest rate0.70 %0.22 %1.57 %
Expected option life in years4.504.504.50
Expected volatility38.00 %38.02 %23.55 %
Expected dividend yield2.03 %1.72 %2.03 %
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes activity of Restricted Shares during 2021:
Number of Restricted SharesWeighted
Average
Grant Date Fair Value
Non-vested at January 3, 2021
1,089 $19.01 
Granted365 23.27 
Vested(304)18.69 
Forfeited(56)21.08 
Non-vested at January 2, 2022
1,094 $20.09 
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions
The input variables are noted in the table below:
202120202019
Risk-free interest rate0.20 %1.38 %2.51 %
Expected life in years3.003.003.00
Expected volatility49.47 %23.26 %23.19 %
Expected dividend yield (a)0.00 %0.00 %0.00 %
_______________

(a)The Monte Carlo method assumes a reinvestment of dividends.
Schedule of Nonvested Performance-based Units Activity
The following table summarizes activity of performance shares at Target during 2021:
Performance Condition AwardsMarket Condition Awards
SharesWeighted
Average
Grant Date Fair Value		SharesWeighted
Average
Grant Date Fair Value
Non-vested at January 3, 2021
429 $19.06 346 $23.65 
Granted209 20.21 187 22.96 
Dividend equivalent units issued (a)10 20.48 8 24.53 
Vested (b)(88)15.65 (119)15.65 
Forfeited(55)15.65 — — 
Non-vested at January 2, 2022
505 $20.48 422 $24.52 
_______________

(a)Dividend equivalent units are issued in lieu of cash dividends for non-vested performance shares. There is no weighted average fair value associated with dividend equivalent units.

(b)Market condition awards exclude the vesting of an additional 52 shares, which resulted from the performance of the awards exceeding Target.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Total share-based compensation and the related income tax benefit recognized in the Company’s consolidated statements of operations were as follows:
Year Ended
202120202019
Stock options$9,256 $8,499 $7,685 
Restricted shares (a)6,677 6,507 5,762 
Performance shares:
Performance condition awards2,861 782 2,195 
Market condition awards3,225 2,521 2,023 
Modifications, net— 621 1,011 
Share-based compensation22,019 18,930 18,676 
Less: Income tax benefit(2,790)(2,958)(2,990)
Share-based compensation, net of income tax benefit$19,229 $15,972 $15,686 
_______________
(a)2021, 2020 and 2019 include $19, $213 and $396, respectively, related to retention awards in connection with the Company’s G&A Realignment Plan, which is included in “Reorganization and realignment costs.” See Note 5 for further information.