Shareholders' Equity (Tables)

12 Months Ended

Jan. 03, 2015

Shareholders' Equity [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

Total stock-based compensation expense was as follows (in thousands):

	2014		2013		2012
Stock options	$	2,125	$	2,698	$	3,688
Stock awards	4,673		1,534		6,618
Total stock-based compensation expense(1)(2)	6,798		4,232		10,306
Income tax benefit	2,284		1,447		3,576
Total stock-based compensation expense, net of tax	$	4,514	$	2,785	$	6,730

⁽¹⁾ Includes $(0.5) million and $5.6 million of CEO transition (benefit) costs in 2013 and 2012, respectively. See CEO Transition Costs on page 57.

⁽²⁾ Reflects a $1.2 million benefit in 2014 related to a change in estimated forfeitures due to employee turnover.

Schedule of Share-based Compensation, Stock Options, Activity

A summary of our stock option activity was as follows (in thousands, except per share amounts and years):

	Stock Options		Weighted- Average Exercise Price per Share		Weighted- Average Remaining  Contractual Term (years)	Aggregate Intrinsic Value (1)
Outstanding at December 28, 2013	1,754		$	15.77	5.6	$	11,812
Granted	201		17.96
Exercised	(244	)	12.15
Canceled/Forfeited	(198	)	20.19
Outstanding at January 3, 2015	1,513		$	16.06	5.6	$	16,642
Exercisable at January 3, 2015	1,088		$	14.32	4.5	$	13,800
Vested and expected to vest at January 3, 2015	1,455		$	15.86	5.5	$	16,279

⁽¹⁾  Aggregate intrinsic value includes only those options where the current share price is equal to or greater than the share price on the date of grant.

Schedule Of Additional Information Related To Stock Option

Other information pertaining to options is as follows (in thousands, except per share amounts):

	2014		2013		2012
Weighted-average grant date fair value of stock options granted	$	9.33	$	10.57	$	14.28
Total intrinsic value (at exercise) of stock options exercised	$	2,478	$	7,726	$	12,724

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The assumptions used to calculate the fair value of options granted using the Black-Scholes-Merton option-pricing model were as follows:

Valuation Assumptions	2014		2013		2012
Expected dividend yield	0	%	0	%	0	%
Expected volatility	58	%	61	%	63	%
Risk-free interest rate	1.8	%	0.9	%	1.1	%
Expected term (in years)	5.3		5.7		5.6

Schedule Of Share Based Compensation Stock And Performance- and Market-based Stock Award Activity

Stock award activity was as follows (in thousands, except per share amounts):

	Time- Based Stock Awards		Weighted-Average Grant Date Fair Value	Performance- and Market-Based Stock Awards		Weighted-Average Grant Date Fair Value
Outstanding at December 28, 2013	239		$18.86	461		$17.39
Granted	319		17.96	409		17.75
Vested	(60	)	13.30	(130	)	9.05
Canceled/Forfeited	(26	)	18.04	(110	)	18.23
Outstanding at January 3, 2015	472		$19.00	630		$18.61

Share Repurchase

Repurchases of our common stock were as follows (in thousands): 

	2014		2013		2012
Amount repurchased under Board-approved share repurchase program	$	45,044	$	40,037	$	30,023
Amount repurchased in connection with the vesting of employee restricted stock grants	1,448		2,035		4,869
Total amount repurchased	$	46,492	$	42,072	$	34,892

Schedule of Earnings Per Share Reconciliation

The components of basic and diluted net income per share are as follows (in thousands, except per share amounts):

	2014		2013		2012
Net income	$	67,974	$	60,081	$	78,094
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	53,452		54,866		55,516
Effect of dilutive securities:
Options	387		554		1,059
Restricted shares	354		383		501
Diluted weighted-average shares outstanding	54,193		55,803		57,076
Net income per share – basic	$	1.27	$	1.10	$	1.41
Net income per share – diluted	$	1.25	$	1.08	$	1.37