XML 53 R36.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Summary of stock-based compensation activity

        A summary of stock-based compensation activity with respect to fiscal 2016 follows:

Stock Options
  Shares
(000s)
  Weighted-
Average
Exercise
Price
  Weighted-Average
Remaining
Contractual Term
(In Years)
  Aggregate
Intrinsic
Value
(000s)
 

Outstanding at January 2, 2016

    212   $ 34.64              

Granted

    173   $ 40.39              

Exercised

    (137 ) $ 33.08              

Cancelled or expired

    (20 ) $ 57.26              

Outstanding at December 31, 2016

    228   $ 37.95     7.14   $ 6,165  

Vested at December 31, 2016 and expected to vest

   
209
 
$

37.74
   
6.97
 
$

5,708
 

Exercisable at December 31, 2016

   
55
 
$

30.31
   
0.96
 
$

1,908
 
Summary of RSAs and RSUs Activity


 

RSAs and RSUs
  Shares
(000s)
  Weighted-
Average
Purchase
Price
  Weighted-Average
Remaining
Vesting Term
(In Years)
  Aggregate
Intrinsic
Value
(000s)
 

Outstanding at January 2, 2016

    1,554   $              

Granted

    1,169   $              

Vested or issued

    (871 ) $              

Cancelled or forfeited

    (163 ) $              

Outstanding at December 31, 2016

    1,689   $     1.05   $ 109,807  

Outstanding at December 31, 2016 and expected to vest

   
1,568
 
$

   
1.05
 
$

101,940
 
Summary of PSUs and MSUs Activity


 

PSUs and MSUs
  Shares
(000s)
  Weighted-
Average
Purchase
Price
  Weighted-Average
Remaining
Vesting Term
(In Years)
  Aggregate
Intrinsic
Value
(000s)
 

Outstanding at January 2, 2016

    250   $              

Granted

    131   $              

Cancelled or forfeited

    (152 ) $              

Outstanding at December 31, 2016

    229   $     1.41   $ 14,855  

Outstanding at December 31, 2016 and expected to vest

   
184
 
$

   
1.41
 
$

11,928
 
Summary of weighted average fair value at the date of grant

        The following summarizes the Company's weighted average fair value at the date of grant:

 
  Year Ended  
 
  December 31,
2016
  January 2,
2016
  January 3,
2015
 

Per grant of RSAs and RSUs

  $ 40.55   $ 49.14   $ 47.93  

Per grant of PSUs and MSUs

  $ 32.23   $ 48.36   $ 60.08  
Summary of stock-based payment and stock option values

        The following summarizes the Company's stock-based payment and stock option values (in thousands):

 
  Year Ended  
 
  December 31,
2016
  January 2,
2016
  January 3,
2015
 

Intrinsic value of stock options exercised

  $ 2,560   $ 6,612   $ 5,674  

Intrinsic value of RSAs and RSUs that vested

  $ 36,502   $ 45,298   $ 32,138  

Grant date fair value of RSAs and RSUs that vested

  $ 39,853   $ 41,072   $ 29,668  
Schedule of stock-based compensation costs recognized in the Consolidated Statements of Income

        The following table presents details of stock-based compensation costs recognized in the Consolidated Statements of Income (in thousands):

 
  Year Ended  
 
  December 31,
2016
  January 2,
2016
  January 3,
2015
 

Cost of revenues

  $ 1,070   $ 960   $ 775  

Research and development

    19,573     19,451     18,521  

Selling, general and administrative

    18,985     22,380     19,771  

    39,628     42,791     39,067  

Income tax benefit

    8,496     9,264     4,024  

  $ 31,132   $ 33,527   $ 35,043  
Summary of shares reserved of common stock for future issuance

        As of December 31, 2016, the Company had reserved shares of common stock for future issuance as follows (in thousands):

2000 Stock Incentive Plan

    55  

2009 Stock Incentive Plan

    1,935  

2009 Employee Stock Purchase Plan

    447  

Total shares reserved

    2,437  
Stock options  
Schedule of assumptions used to estimate fair values using Black-Scholes option-pricing model for ESSP and stock options

 

 
  Year Ended  
MSUs
  December 31,
2016
  January 2,
2016
  January 3,
2015
 

Expected volatility

    30 %   31 %   33 %

Risk-free interest rate %

    0.9 %   1.0 %   0.7 %

Expected term (in years)

    2.9     2.9     2.8  

Dividend yield

             
Market Stock Units  
Schedule of assumptions used to estimate fair values using Monte Carlo simulation model for Stock Incentive Plan


 

 
  Year Ended  
Stock Options
  December 31,
2016
  January 2,
2016
  January 3,
2015
 

Expected volatility

    32 %        

Risk-free interest rate %

    1.3 %        

Expected term (in years)

    5.4          

Dividend yield

             
2009 Employee Stock Purchase Plan  
Schedule of assumptions used to estimate fair values using Black-Scholes option-pricing model for ESSP and stock options

 

 
  Year Ended  
Employee Stock Purchase Plan
  December 31,
2016
  January 2,
2016
  January 3,
2015
 

Expected volatility

    30 %   31 %   28 %

Risk-free interest rate %

    0.6 %   0.2 %   0.2 %

Expected term (in months)

    15     8     15  

Dividend yield