Common and Preferred Stock (Tables)

12 Months Ended

Jan. 01, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the company’s nonvested restricted share grant activity and their corresponding fair value on the date of grant for fiscal year ended January 1, 2022 is as follows:

 

	Shares	Weighted Average Grant-Date Fair Value
Nonvested shares at January 2, 2021	433,065	$	112.54
Granted	4,399	181.31
Vested	(43,485)	115.77
Forfeited	(213,673)	112.49
Nonvested shares at January 1, 2022	180,306	$	113.31

As of January 1, 2022, there was $3.7 million of total unrecognized compensation cost related to nonvested restricted share grant compensation arrangements, if all performance conditions are fully achieved. The remaining weighted average life is 0.34 years.

Schedule of Unvested Restricted Stock Units Roll Forward

A summary of the company’s nonvested restricted stock unit activity at target shares and their corresponding fair value on the date of grant for fiscal year ended January 1, 2022 is as follows:

	Units	Weighted Average Grant-Date Fair Value
Nonvested shares at January 2, 2021	47,500	$	134.25
Granted	287,624	166.41
Nonvested shares at January 1, 2022	335,124	$	161.85