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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Status of Company's Nonvested Shares A summary of the status of the Company’s nonvested shares and changes during 2023, 2022 and 2021 is presented below.

 

 

2023

 

 

2022

 

 

2021

 

 

 

Shares

 

 

Weighted
Average
Grant-
Date
Price

 

 

Shares

 

 

Weighted
Average
Grant-
Date
Price

 

 

Shares

 

 

Weighted
Average
Grant-
Date
Price

 

Outstanding at beginning of year

 

 

1,530,962

 

 

$

37.54

 

 

 

1,386,778

 

 

$

30.48

 

 

 

1,526,653

 

 

$

24.71

 

Granted

 

 

407,028

 

 

 

47.28

 

 

 

933,487

 

 

 

42.81

 

 

 

521,512

 

 

 

39.55

 

Vested

 

 

(616,705

)

 

 

34.64

 

 

 

(585,563

)

 

 

29.65

 

 

 

(593,249

)

 

 

23.72

 

Forfeited

 

 

(117,932

)

 

 

43.41

 

 

 

(203,740

)

 

 

36.29

 

 

 

(68,138

)

 

 

29.20

 

Outstanding at end of year

 

 

1,203,353

 

 

$

41.75

 

 

 

1,530,962

 

 

$

37.54

 

 

 

1,386,778

 

 

$

30.48

 

Summary of Performance Based Long Term Incentive Program

A summary of the activity in the performance-based long-term incentive program since inception is presented below.

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

Shares

 

 

Weighted
Average
Grant-
Date
Price

 

 

Shares

 

 

Weighted
Average
Grant-
Date
Price

 

 

Shares

 

 

Weighted
Average
Grant-
Date
Price

 

Outstanding at beginning of year

 

 

1,457,725

 

 

$

31.84

 

 

 

2,175,831

 

 

$

29.33

 

 

 

2,458,978

 

 

$

24.22

 

Granted

 

 

774,836

 

 

 

51.22

 

 

 

421,038

 

 

 

45.01

 

 

 

1,298,868

 

 

 

41.44

 

Vested

 

 

(1,003,764

)

 

 

19.39

 

 

 

(796,019

)

 

 

29.71

 

 

 

(1,374,442

)

 

 

23.47

 

Forfeited

 

 

(100,590

)

 

 

45.29

 

 

 

(343,125

)

 

 

30.21

 

 

 

(207,573

)

 

 

28.71

 

Outstanding at end of year

 

 

1,128,207

 

 

$

45.82

 

 

 

1,457,725

 

 

$

31.84

 

 

 

2,175,831

 

 

$

29.33

 

Summary of the Activity in the Varis Incentive Plan Since Inception

A summary of the activity in the Varis Incentive Plan since inception is presented below.

 

 

2023

 

 

 

Shares

 

 

Weighted
Average
Exercise
Price

 

Outstanding at beginning of year

 

 

 

 

$

 

Granted

 

 

182,800

 

 

 

168.60

 

Exercised

 

 

 

 

 

 

Forfeited

 

 

(20,609

)

 

 

168.60

 

Outstanding at end of year

 

 

162,191

 

 

 

168.60

 

Exercisable at end of year

 

 

 

 

$