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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 29, 2023

Dec. 30, 2022

Dec. 31, 2021

Jan. 01, 2021

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE DISCLOSURE

The following table provides information on compensation for the principal executive officer (“PEO”), the average compensation for the other Named Executive Officers (“Non-PEO NEOs”) and certain measures of the Company’s financial performance for the last three fiscal years ended December 29, 2023:


																		Value of Initial Fixed $100 Investment Based on:
Year		Summary Compensation Table Total for PEO ($)(1)				Compensation Actually Paid to PEO ($)(1)(2)				Average Summary Compensation Table Total for Non-PEO NEOs ($)(1)				Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(2)				Total Shareholder Return (3)				Peer Group Total Shareholder Return (4)				Net Income ($ '000) (5)				EBITDA ($ '000) (6)
2023			3,558,964				2,829,817				1,885,140				1,683,408				130				144				100,339				137,662
2022			3,589,062				2,322,702				1,626,994				1,245,805				145				124				102,330				137,217
2021			3,022,417				5,151,590				1,500,913				2,165,705				169				142				101,202				132,258
2020			2,674,793				4,300,765				1,362,236				1,938,548				129				114				82,552				102,102

(1)

Dr. Corrigan was the PEO in 2023, 2022 and 2021. Mr. Schlenker, Dr. Guyer, Dr. Rakow and Dr. Reitman were the non-PEO NEOs in 2023. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Pye were the non-PEO NEOs in 2022. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Doyle were the non-PEO NEOs in 2021. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. James were the non-PEO NEOs in 2020.The value of the “compensation actually paid” to our PEO and Non-PEO NEOs reflect the following adjustments from the Summary Compensation Table:

(2)

Amounts represent the cumulative Total Shareholder Return ("TSR") for Exponent calculated and presented as the dollar value of an investment of $100 made on January 3, 2020, assuming dividend reinvestment.

(3)

Amounts represent the cumulative TSR for the S&P 400 Mid Cap Index as "Peer Group" calculated and presented as the dollar value of an investment of $100 made on January 3, 2020, assuming dividend reinvestment.

(4)

Net Income is calculated in accordance with generally accepted accounting principles.

(5)

EBITDA is our company-selected measure and is defined as net income before income taxes, interest income, depreciation and amortization.


Compensation Actually Paid Adjustment Summary		Principal Executive Officer ($)(PEO)				NON PEO Named Executive Officers ($)(NEO) (average)
		2023				2023
Summary Compensation Table (SCT) Total			3,558,964				1,885,140
Stock and option award values reported in the SCT			(1,889,339	)			(740,008	)
The year-end fair value of any outstanding and unvested stock awards granted during the year			528,152				275,125
The year-end fair value of any outstanding and unvested option awards granted during the year			392,673				65,445
The change in fair value as of the vesting date (from the end of the prior year) of any stock awards that vest during the year			30,318				12,366
The change in fair value as of the vesting date (from the end of the prior year) of any option awards that vest during the year			161,226				26,871
The change in year-end fair value (from the end of the prior year) of any outstanding and unvested stock awards granted in prior years			(183,518	)			(92,649	)
The change in year-end fair value (from the end of the prior year) of any outstanding and unvested option awards granted in prior years			(368,678	)			(61,445	)
'The dollar value of stock awards that were both granted and vested during the year			600,019				312,563
The dollar value of any dividends or other earnings paid on stock or option awards during the year (prior to vesting) that are not otherwise reflected			—				—
Compensation Actually Paid			2,829,817				1,683,408

Company Selected Measure Name

EBITDA

Named Executive Officers, Footnote

Dr. Corrigan was the PEO in 2023, 2022 and 2021. Mr. Schlenker, Dr. Guyer, Dr. Rakow and Dr. Reitman were the non-PEO NEOs in 2023. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Pye were the non-PEO NEOs in 2022. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Doyle were the non-PEO NEOs in 2021. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. James were the non-PEO NEOs in 2020.

Peer Group Issuers, Footnote

Amounts represent the cumulative TSR for the S&P 400 Mid Cap Index as "Peer Group" calculated and presented as the dollar value of an investment of $100 made on January 3, 2020, assuming dividend reinvestment.

PEO Total Compensation Amount

$ 3,558,964

$ 3,589,062

$ 3,022,417

$ 2,674,793

PEO Actually Paid Compensation Amount

$ 2,829,817

2,322,702

5,151,590

4,300,765

Adjustment To PEO Compensation, Footnote


Compensation Actually Paid Adjustment Summary		Principal Executive Officer ($)(PEO)				NON PEO Named Executive Officers ($)(NEO) (average)
		2023				2023
Summary Compensation Table (SCT) Total			3,558,964				1,885,140
Stock and option award values reported in the SCT			(1,889,339	)			(740,008	)
The year-end fair value of any outstanding and unvested stock awards granted during the year			528,152				275,125
The year-end fair value of any outstanding and unvested option awards granted during the year			392,673				65,445
The change in fair value as of the vesting date (from the end of the prior year) of any stock awards that vest during the year			30,318				12,366
The change in fair value as of the vesting date (from the end of the prior year) of any option awards that vest during the year			161,226				26,871
The change in year-end fair value (from the end of the prior year) of any outstanding and unvested stock awards granted in prior years			(183,518	)			(92,649	)
The change in year-end fair value (from the end of the prior year) of any outstanding and unvested option awards granted in prior years			(368,678	)			(61,445	)
'The dollar value of stock awards that were both granted and vested during the year			600,019				312,563
The dollar value of any dividends or other earnings paid on stock or option awards during the year (prior to vesting) that are not otherwise reflected			—				—
Compensation Actually Paid			2,829,817				1,683,408

Non-PEO NEO Average Total Compensation Amount

$ 1,885,140

1,626,994

1,500,913

1,362,236

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,683,408

1,245,805

2,165,705

1,938,548

Adjustment to Non-PEO NEO Compensation Footnote


Compensation Actually Paid Adjustment Summary		Principal Executive Officer ($)(PEO)				NON PEO Named Executive Officers ($)(NEO) (average)
		2023				2023
Summary Compensation Table (SCT) Total			3,558,964				1,885,140
Stock and option award values reported in the SCT			(1,889,339	)			(740,008	)
The year-end fair value of any outstanding and unvested stock awards granted during the year			528,152				275,125
The year-end fair value of any outstanding and unvested option awards granted during the year			392,673				65,445
The change in fair value as of the vesting date (from the end of the prior year) of any stock awards that vest during the year			30,318				12,366
The change in fair value as of the vesting date (from the end of the prior year) of any option awards that vest during the year			161,226				26,871
The change in year-end fair value (from the end of the prior year) of any outstanding and unvested stock awards granted in prior years			(183,518	)			(92,649	)
The change in year-end fair value (from the end of the prior year) of any outstanding and unvested option awards granted in prior years			(368,678	)			(61,445	)
'The dollar value of stock awards that were both granted and vested during the year			600,019				312,563
The dollar value of any dividends or other earnings paid on stock or option awards during the year (prior to vesting) that are not otherwise reflected			—				—
Compensation Actually Paid			2,829,817				1,683,408

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Performance Measures. The following table lists the most important financial performance measures used to link CAP to the PEO and Non-PEO NEOs for the fiscal year ended December 29, 2023:

      EBITDA

     

      Revenues before reimbursement growth

     

      EBITDA margin

     

Total Shareholder Return Amount

$ 130

145

169

129

Peer Group Total Shareholder Return Amount

144

124

142

114

Net Income (Loss)

$ 100,339,000

$ 102,330,000

$ 101,202,000

$ 82,552,000

Company Selected Measure Amount

137,662,000

137,217,000

132,258,000

102,102,000

Dr. Corrigan

Dr. Corrigan

Dr. Corrigan

Pay vs Performance Disclosure

EBITDA

Non-GAAP Measure Description

EBITDA is our company-selected measure and is defined as net income before income taxes, interest income, depreciation and amortization

Pay vs Performance Disclosure

Revenues before reimbursement growth

Pay vs Performance Disclosure

EBITDA margin

PEO | Stock and option award values reported in the SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,889,339)

PEO | Year-end Fair Value Of Any Outstanding And Unvested Stock Awards Granted During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

528,152

PEO | Year-end Fair Value Of Any Outstanding And Unvested Option Awards Granted During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

392,673

PEO | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Stock Awards That Vest During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

30,318

PEO | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Option Awards That Vest During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

161,226

PEO | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Stock Awards Granted In Prior Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(183,518)

PEO | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Option Awards Granted In Prior Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(368,678)

PEO | Dollar Value Of Stock Awards That Were Both Granted And Vested During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

600,019

Non-PEO NEO | Stock and option award values reported in the SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(740,008)

Non-PEO NEO | Year-end Fair Value Of Any Outstanding And Unvested Stock Awards Granted During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

275,125

Non-PEO NEO | Year-end Fair Value Of Any Outstanding And Unvested Option Awards Granted During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

65,445

Non-PEO NEO | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Stock Awards That Vest During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

12,366

Non-PEO NEO | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Option Awards That Vest During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

26,871

Non-PEO NEO | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Stock Awards Granted In Prior Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(92,649)

Non-PEO NEO | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Option Awards Granted In Prior Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(61,445)

Non-PEO NEO | Dollar Value Of Stock Awards That Were Both Granted And Vested During The Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 312,563