Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jan. 01, 2022
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) 2021 2020 2019
Stock-based compensation expense $ 38,516  $ 15,948  $ 23,844 
Income tax benefits 5,201  2,769  5,011 
PRSU and RSU Activity
The following table presents PRSU and RSU activity from December 2020 to December 2021:
  Performance-based Time-based
  Number Outstanding Weighted Average
Grant Date
Fair Value
Number Outstanding Weighted Average
Grant Date
Fair Value
Outstanding at December 2020 793,820  $ 31.59  633,265  $ 24.34 
Granted 216,764  49.70  208,530  49.68 
Dividend equivalents —  —  14,377  25.03 
Issued as Common Stock (72,447) 36.13  (255,774) 24.21 
Forfeited/canceled (52,806) 41.06  (35,709) 30.04 
Outstanding at December 2021 885,331  $ 42.44  564,689  $ 33.42 
Vested at December 2021 373,579  $ 39.30    $  
RSA Activity
The following table presents RSA activity from December 2020 to December 2021:
Nonvested Shares Outstanding Weighted Average Grant Date Fair Value
Outstanding at December 2020 129,367  $ 24.95 
Dividend equivalents 561  27.50 
Vested (119,906) 24.26 
Forfeited (7,970) 33.96 
Nonvested shares at December 2021 2,052  $ 30.84 
Stock Option Activity
The following table presents stock option activity for the year ended December 2021:
Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value
(In thousands)
Outstanding at December 2020 1,474,098  $ 26.45  5.6 $ 20,806 
Exercised (196,514) 25.86 
Forfeited/cancelled (3,955) 30.89 
Outstanding at December 2021 1,273,629  $ 26.52  4.7 $ 31,494 
Exercisable at December 2021 1,272,501  $ 26.52  4.6 $ 31,475