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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 28, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Compensation Costs
The following table details deferred compensation, which is a combination of cash and stock, and the affected line item in the Consolidated Balance Sheets where deferred compensation is presented (in thousands):
 
December 28, 2019
 
December 29, 2018
Current maturities of other long-term obligations
$
850

 
$
2,356

Other long-term liabilities
9,740

 
8,729

Total deferred compensation
$
10,590

 
$
11,085

 
 
 
 
Total fair-market value of deferred compensation
$
7,503

 
$
7,857


Compensation cost charged against operations for the Plan and the 2017 MSPP described in "Note 11. Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity" in the Notes to Consolidated Financial Statements was as follows (in thousands):
 
2019

 
2018

 
2017

Compensation cost
$
6,830

 
$
7,317

 
$
7,750


The total income tax benefit recognized in the Consolidated Statements of Comprehensive Income for share-based compensation arrangements was as follows (in thousands):
 
2019

 
2018

 
2017

Income tax benefit
$
1,545

 
$
1,582

 
$
2,581
Schedule of Valuation Assumptions tock-based compensation expense was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions by grant year:
 
2019

 
2018

 
2017

Expected term
5 years

 
5 years

 
6 years

Expected volatility (weighted-average)
33.86
%
 
34.12
%
 
38.07
%
Expected dividend yield (weighted-average)
2.98
%
 
2.97
%
 
2.36
%
Risk-free interest rate (weighted-average)
2.52
%
 
2.66
%
 
2.17
%
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes the changes in outstanding stock options:
 
Number of Shares
 
Weighted Average Exercise Price
Outstanding as of December 31, 2016
3,504,335

 
$
31.68

Granted
537,795

 
46.61

Exercised
(446,817
)
 
25.55

Forfeited or Expired
(33,029
)
 
40.81

Outstanding as of December 30, 2017
3,562,284

 
$
34.63

Granted
788,301

 
38.53

Exercised
(647,759
)
 
26.28

Forfeited or Expired
(75,821
)
 
38.36

Outstanding as of December 29, 2018
3,627,005

 
$
36.89

Granted
637,763

 
39.64

Exercised
(921,900
)
 
30.29

Forfeited or Expired
(120,143
)
 
39.29

Outstanding as of December 28, 2019
3,222,725

 
$
39.24
Schedule of Nonvested Restricted Stock Units Activity
A summary of the Corporation’s non-vested stock options and changes during the year are presented below:
 
Number of Shares
 
Weighted Average Grant-Date Fair Value
Non-vested as of December 29, 2018
2,001,418

 
$
11.46

Granted
637,763

 
9.84

Vested
(920,133
)
 
12.47

Forfeited
(116,475
)
 
10.27

Non-vested as of December 28, 2019
1,602,573

 
$
10.32
Stock Option Vested or Expected to Vest and are Exercisable
Information about stock options expected to vest or currently exercisable is as follows:
 
December 28, 2019

Number of Shares
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Exercisable Period
(years)
 
Aggregate Intrinsic Value
($000s)
Expected to vest
1,484,810

 
$
38.95

 
8.0
 
$
1,597

Exercisable
1,620,152

 
$
39.46

 
5.1
 
$
3,901
Schedule of Share-based Compensation Arrangement Other Information
Other information for the last three years is as follows (in thousands):
 
2019

 
2018

 
2017

Total fair value of shares vested
$
11,470

 
$
7,204

 
$
8,057

Total intrinsic value of options exercised
$
5,981

 
$
8,917

 
$
7,270

Cash received from exercise of stock options
$
27,926

 
$
17,021

 
$
11,418

Tax benefit realized from exercise of stock options
$
1,353

 
$
1,928

 
$
2,423

Weighted-average grant-date fair value of options granted
$
9.84

 
$
9.72

 
$
14.41
Schedule of Share-based Compensation, Restricted Stock Units Activity
The following table summarizes the changes in outstanding RSUs:
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Outstanding as of December 31, 2016
60,500

 
$
38.54

Granted
—

 
—

Vested
(18,500
)
 
35.36

Forfeited
(5,000
)
 
51.54

Outstanding as of December 30, 2017
37,000

 
$
38.38

Granted
23,224

 
40.44

Vested
(12,000
)
 
51.54

Forfeited
(2,500
)
 
28.90

Outstanding as of December 29, 2018
45,724

 
$
36.49

Granted
10,000

 
36.05

Vested
(24,823
)
 
33.30

Forfeited
(9,289
)
 
40.22

Outstanding as of December 28, 2019
21,612

 
$
38.41


The total value of shares vested was as follows (in thousands):
 
2019

 
2018

 
2017

Value of shares vested
$
827

 
$
618

 
$
654