Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.20.4
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jan. 02, 2021
Share-based Payment Arrangement [Abstract]  
Total Stock-Based Compensation Cost and Associated Income Tax Benefits Recognized
The following table presents total stock-based compensation expense and the associated income tax benefits recognized in the statements of operations for all awards:
Year Ended December
(In thousands) 2020 2019 2018
Stock-based compensation expense $ 15,948  $ 23,844  $ 14,894 
Income tax benefits 2,769  5,011  3,692 
PRSU and RSU Activity
The following table presents PRSU and RSU activity from December 2019 to December 2020:
  Performance-based Time-based
  Number Outstanding Weighted Average
Grant Date
Fair Value
Number Outstanding Weighted Average
Grant Date
Fair Value
Outstanding at December 2019 504,297  $ 32.06  626,876  $ 31.71 
Granted 332,274  16.44  313,391  16.63 
Modified —  42.99  —  — 
Dividend equivalents —  —  16,561  29.26 
Issued as Common Stock —  —  (282,610) 31.96 
Forfeited/canceled (42,751) 26.53  (40,953) 27.45 
Outstanding at December 2020 793,820  $ 31.59  633,265  $ 24.34 
Vested at December 2020 230,958  $ 30.27  26,762  $ 15.51 
RSA Activity
The following table presents RSA activity from December 2019 to December 2020:
Nonvested Shares Outstanding Weighted Average Grant Date Fair Value
Outstanding at December 2019 194,151  $ 25.15 
Dividend equivalents 4,609  25.04 
Vested (69,393) 25.53 
Nonvested shares at December 2020 129,367  $ 24.95 
Stock Option Activity
The following table presents stock option activity for the year ended December 2020:
Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value
(In thousands)
Outstanding at December 2019 1,716,022  $ 26.16  6.6 $ 28,016 
Exercised (193,713) 23.47 
Forfeited/cancelled (48,211) 28.38 
Outstanding at December 2020 1,474,098  $ 26.45  5.6 $ 20,806 
Exercisable at December 2020 1,319,211  $ 25.91  5.4 $ 19,322