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Share-Based Compensation (Tables)
12 Months Ended
Jan. 02, 2016
Share-Based Compensation  
Summary of option activity

                                                                                                                                                                                    

 

 

 

Options

 

Weighted
Average
Exercise
Price

 

Weighted Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

(in thousands)

 

Outstanding at January 3, 2015

 

 

1,154,945

 

$

29.93

 

 

 

 

 

 

 

Fiscal 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

250,835

 

 

21.74

 

 

 

 

 

 

 

Exercised

 

 

(29,288

)

 

20.57

 

 

 

 

$

103

 

Expired

 

 

(138,695

)

 

46.22

 

 

 

 

 

 

 

Forfeited

 

 

(31,019

)

 

38.66

 

 

 

 

 

 

 

​  

​  

Outstanding at January 2, 2016

 

 

1,206,778

 

 

26.36

 

 

3.98

 

 

42

 

​  

​  

​  

​  

Options exercisable at January 2, 2016

 

 

701,514

 

 

28.53

 

 

2.45

 

 

21

 

​  

​  

​  

​  

Vested or expected to vest at January 2, 2016

 

 

1,190,974

 

$

26.40

 

 

3.96

 

$

41

 

​  

​  

​  

​  

 

Schedule of weighted average assumptions used to estimate the fair market value of the stock options at the date of grant

                                                                                                                                                                                    

 

 

 

2015

 

2014

 

2013

 

Risk-free interest rate

 

 

1.4 

%

 

1.6 

%

 

1.4 

%

Expected volatility

 

 

39 

%

 

43 

%

 

47 

%

Forfeiture rate

 

 

1.1 

%

 

4.0 

%

 

4.5 

%

Weighted average expected life (in years)

 

 

4.50 

 

 

5.00 

 

 

5.00 

 

Expected dividends

 

 

 

 

 

 

 

 

Summary of options outstanding and options exercisable

        The following table summarizes stock options outstanding and stock options exercisable as of January 2, 2016:

                                                                                                                                                                                    

 

 

 

Options Outstanding

 

Options Exercisable

 

Range of Exercise Prices

 

Number
Outstanding at
January 2,
2016

 

Weighted-Average
Remaining
Contractual
Life (years)

 

Weighted-Average
Exercise
Price

 

Number
Exercisable
at January 2,
2016

 

Weighted-Average
Exercise
Price

 

$18.48

 

 

244,625 

 

 

4.88 

 

$

18.48 

 

 

122,296 

 

$

18.48 

 

$18.49 - 22.81

 

 

539,238 

 

 

4.43 

 

 

21.61 

 

 

294,029 

 

 

21.68 

 

$22.82 - 29.07

 

 

80,400 

 

 

1.02 

 

 

24.23 

 

 

78,400 

 

 

24.21 

 

$29.08 - 32.26

 

 

180,015 

 

 

5.90 

 

 

30.98 

 

 

44,289 

 

 

30.97 

 

$32.27 - 48.85

 

 

12,500 

 

 

0.07 

 

 

48.85 

 

 

12,500 

 

 

48.85 

 

$48.86 - 50.00

 

 

150,000 

 

 

0.51 

 

 

50.00 

 

 

150,000 

 

 

50.00 

 

$50.01 - 53.72

 

 

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

 

1,206,778 

 

 

3.98 

 

$

26.36 

 

 

701,514 

 

$

28.53 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of non-vested stock options

        The following table summarizes the status of CRA's non-vested stock options since January 3, 2015:

                                                                                                                                                                                    

 

 

 

Non-vested Options

 

 

 

Number of
Shares

 

Weighted-Average
Fair Value

 

Non-vested at January 3, 2015

 

 

417,185

 

$

9.98

 

Granted

 

 

250,835

 

 

7.48

 

Vested

 

 

(156,737

)

 

9.57

 

Forfeited

 

 

(6,019

)

 

11.61

 

​  

​  

​  

​  

Non-vested at January 2, 2016

 

 

505,264

 

$

8.75

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of non-vested restricted stock and time-vesting restricted stock unit awards

        The following table summarizes the status of CRA's non-vested restricted stock and time-vesting restricted stock unit awards since January 3, 2015:

                                                                                                                                                                                    

 

 

 

Non-vested
Restricted Stock and Stock
Units

 

 

 

Number of
Shares

 

Weighted-Average
Fair Value

 

Non-vested at January 3, 2015

 

 

286,142

 

$

23.72

 

Granted

 

 

144,784

 

$

22.01

 

Vested

 

 

(106,504

)

$

22.72

 

Forfeited

 

 

(3,009

)

$

28.26

 

​  

​  

​  

​  

Non-vested at January 2, 2016

 

 

321,413

 

$

23.17

 

​  

​  

​  

​  

​  

​  

​  

​