INCENTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 29, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Awards

The following awards were outstanding during 2019:

Award Type	Benefit Plan	Awards Granted	Grant Date	Intended Settlement Method	Grant Date Fair Value per Award	Milestone Date Fair Value per Award	Vesting Condition	Vesting Date	Awards Forfeited to Date
RSU	LTIP	410,000	02/14/2018	Stock	25.59	NA	Service	01/01/2019	—
RSU	LTIP	163,764	03/01/2018	Stock	24.93	NA	Service	(a)	45,755
RSU	LTIP	250,351	03/01/2018	Stock	24.93	NA	Performance / Service	(b)	151,229
RSU	LTIP	33,174	03/01/2018	Cash	24.93	32.97	Performance / Service	(c)	—
RSU	LTIP	8,358	05/10/2018	Stock	21.54	NA	Service	(d)	—
RSU	LTIP	2,786	05/10/2018	Cash	21.54	26.86	Service	05/01/2019	—
RSU	LTIP	262,500	12/18/2018	Stock	16.06	NA	Service	07/01/2019	—
RSU	LTIP	396,763	01/07/2019	Stock	16.47	NA	Performance / Service	(e)	92,075
RSU	LTIP	109,654	01/07/2019	Cash	16.47	32.97	Performance / Service	(f)	—
RSU	LTIP	200,000	04/30/2019	Stock	26.91	NA	Service	07/01/2020	—
RSU	LTIP	11,170	05/24/2019	Stock	27.86	NA	Service	(d)	—
RSU	LTIP	470,000	04/30/2019	Stock	26.91	NA	Performance	(g)	—

(a) The restricted stock units vest in ratable tranches on December 31, 2018, December 31, 2019 and December 31, 2020. Expected compensation cost related to these units totals $2.9 million based on a closing stock price for the Company’s common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss over the remaining vesting period.

(b) The restricted stock units vest in ratable tranches on December 31, 2019, December 31, 2020 and December 31, 2021. Expected compensation cost related to these units totals $2.5 million based on a closing stock price for the Company’s common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss over the remaining vesting period.

(c) The restricted stock units vest in ratable tranches on December 31, 2019, December 31, 2020 and December 31, 2021. Expected compensation cost related to these units totals $1.0 million based on a closing stock price for the Company's common stock of $32.97 per share on December 29, 2019. Compensation cost will be amortized to profit/loss over the remaining vesting period.

(d) These restricted stock units were granted to the non-employees who currently serve on the Company's Board of Directors. Each participating director's units will vest upon his departure from the Company's Board of Directors. Compensation cost was recognized in profit/loss upon the grant date.

(e) If performance conditions related to the Company's 2019 operating results are satisfied, the restricted stock units vest in ratable tranches on December 31, 2020, December 31, 2021 and December 31, 2022. Expected compensation cost related to these units totals $5.0 million based on a closing stock price for the Company's common stock of $16.47 per share on January 7, 2019. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period.

(f)

If performance conditions related to the Company's 2019 operating results are satisfied, the restricted stock units vest in ratable tranches on December 31, 2020, December 31, 2021 and December 31, 2022. Expected compensation cost related to these units totals $3.6 million based on a closing stock price for the Company's common stock of $32.97 per share on December 29, 2019. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period.

Schedule of Compensation Cost and Income Tax Benefit

Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below:

	2019		2018		2017
	(In thousands)
Equity-based awards compensation cost:
Cost of sales	$	461	$	389	$	256
Selling, general and administrative expense	9,671		12,764		2,763
Total cost	10,132		13,153		3,019
Income tax benefit	2,466		3,202		1,006
Net cost	$	7,666	$	9,951	$	2,013
Liability-based awards compensation cost:
Selling, general and administrative expense	$	671	$	—	$	—
Income tax benefit	163		—		—
Net cost	$	508	$	—	$	—

Schedule of RSU Activity

The Company’s RSU activity is included below:

	2019				2018				2017
	Number		Weighted Average Milestone Date Fair Value(a)		Number		Weighted Average Milestone Date Fair Value(a)		Number		Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Equity-based RSUs:
Outstanding at beginning of period	1,069		$	22.97	389		$	18.39	906		$	20.00
Transferred to liability-based awards	(36	)	24.67		—		—		—		—
Granted	843		22.01		1,114		23.05		461		18.72
Vested	(723	)	22.08		—		—		(714	)	18.09
Forfeited	(227	)	21.51		(434	)	19.06		(264	)	25.33
Outstanding at end of period	926		$	24.04	1,069		$	22.97	389		$	18.39

	2019				2018			2017
	Number		Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Liability-based RSUs:
Outstanding at beginning of period	—		$	—	—	$	—	—	$	—
Transferred from equity-based awards	36		14.77
Granted	110		16.47		—	—		—	—
Vested	(3	)	26.86		—	—		—	—
Forfeited	—		—		—	—		—	—
Outstanding at end of period	143		$	32.97	—	$	—	—	$	—