Compensation Related Costs, Share Based Payments (Tables)

12 Months Ended

Dec. 27, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Awards

The following awards were outstanding during 2020:

Benefit Plan	Award Type	Grant Date	Grant Date Fair Value per Award	Vesting Condition	Vesting Date	Intended Settlement Method	Milestone Date Fair Value per Award	Awards Granted	Performance Target Achievement Award Adjustment	Awards Forfeited to Date
2009 LTIP	RSU	3/1/2018	$24.93	Service	(a)	Stock	NA	163,764	—	(51,473)
2009 LTIP	RSU	3/1/2018	$24.93	Performance/Service	(b)	Stock	NA	217,253	(53,381)	(78,449)
2009 LTIP	RSU	3/1/2018	$24.93	Performance/Service	(c)	Cash	$19.35	66,272	(17,863)	(15,235)
2009 LTIP	RSU	5/10/2018	$21.54	Service	(d)	Stock	NA	8,358	—	—
2009 LTIP	RSU	1/7/2019	$16.47	Performance/Service	(e)	Stock	NA	414,620	39,620	(137,413)
2009 LTIP	RSU	1/7/2019	$16.47	Performance/Service	(f)	Cash	$19.35	109,654	13,705	—
2009 LTIP	RSU	4/30/2019	$26.91	Service	7/1/2020	Cash	$15.12	200,000	—	—
2009 LTIP	RSU	4/30/2019	$26.91	Performance/Service	(g)	Stock	NA	470,000	—	(470,000)
2009 LTIP	RSU	5/24/2019	$27.86	Service	(d)	Stock	NA	11,170	—	—
2019 LTIP	RSU	1/8/2020	$30.94	Performance/Service	(h)	Stock	NA	195,140	—	(33,729)
2019 LTIP	RSU	1/8/2020	$30.94	Performance/Service	(i)	Cash	$19.35	121,310	—	—
2019 LTIP	RSU	4/29/2020	$22.01	Service	(d)	Stock	NA	13,630	—	—

(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 $2.8 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 $2.1 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 $0.6 million based on a closing stock price for the Company's common stock of $19.35 per share on December 27, 2020. 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)    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 $5.2 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 over the remaining vesting period.

(f)    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 $2.1 million based on a closing stock price for the Company's common stock of $19.35 per share on December 27, 2020. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period.

(g)    The restricted stock units were cancelled in their entirety by the Company's Board of Directors on December 8, 2020.

(h)    If performance conditions related to the Company's 2020 operating results are satisfied, the restricted stock units vest in ratable tranches on December 31, 2021, December 31, 2022 and December 31, 2023. Expected compensation cost related to these units totals $5.0 million based on a closing stock price for the Company's common stock of $30.94 per share on January 8, 2020. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period.

(i)    If performance conditions related to the Company's 2020 operating results are satisfied, the restricted stock units vest in ratable tranches on December 31, 2021, December 31, 2022 and December 31, 2023. Expected compensation cost related to these units totals $3.8 million based on a closing stock price for the Company's common stock of $30.94 per share on December 27, 2020. 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 stock-based compensation arrangements are included below:

	2020		2019		2018
	(In thousands)
Equity-based awards compensation cost:
Cost of sales	$	838	$	461	$	389
Selling, general and administrative expense	1,938		9,671		12,764
Total cost	2,776		10,132		13,153
Income tax benefit	676		2,466		3,202
Net cost	$	2,100	$	7,666	$	9,951
Liability-based awards compensation cost:
Selling, general and administrative expense	$	1,081	$	671	$	—
Income tax benefit	263		163		—
Net cost	$	818	$	508	$	—

Schedule of RSU Activity

The Company’s RSU activity is included below:

	2020			2019			2018
	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 year	926	$	24.04	1,069	$	22.97	389	$	18.39
Transferred to liability-based awards	(200)	26.91		(36)	24.67		—	—
Granted	249	28.14		843	22.01		1,114	23.05
Vested	(66)	24.93		(723)	22.08		—	—
Forfeited	(325)	25.95		(227)	21.51		(434)	19.06
Outstanding at end of year	584	$	22.12	926	$	24.04	1,069	$	22.97

	2020			2019			2018
	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 year	143	$	32.97	—	$	—	—	$	—
Transferred from equity-based awards	200	26.91		36	14.77		—	—
Granted	135	29.47		110	16.47		—	—
Vested	(211)	16.04		(3)	26.86		—	—
Forfeited	—	—		—	—		—	—
Outstanding at end of year	267	$	19.35	143	$	32.97	—	$	—

(a)    The milestone date fair value is either the closing price of the Company’s common stock on the grant date for equity-based awards or the closing price of a share of the Company's common stock on the respective milestone date for cash-based liability-based awards (i.e., grant date, vesting date, forfeiture date or financial reporting date).