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Stock Incentive Plans (Tables)
 12 Months Ended
Jan. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Compensation Expense
The following table summarizes stock compensation expense under the Company’s plans, which is included in SG&A in the accompanying statements of operations:
In thousandsFiscal Year 2020Fiscal Year 2019Fiscal Year 2018
Stock options$2,827 $8,562 $19,397 
RSUs and PSUs7,201 3,655 1,386 
RSAs588 334 108 
Associate stock purchase plan124 119 48 
Pre-tax stock based compensation expense$10,740 $12,670 $20,939 
Income tax benefit(2,743)(3,237)(5,367)
After-tax share based compensation expense$7,997 $9,433 $15,572 
Stock optionsRSUs and PSUsRSAs
Unrecognized compensation cost (in thousands)
$3,248 $14,156 $366 
Expected remaining weighted-average period of expense recognition (in years)1.692.200.58
Schedule of RSU, PSU, and RSA Activity
The following summarizes RSU, PSU and RSA awards activity:
 RSUsWeighted average grant date fair value ($)PSUsWeighted average grant date fair value ($)RSAsWeighted average grant date fair value ($)
Outstanding at December 28, 2019376,145 28.45 113,014 34.49 20,628 30.71 
Granted162,468 34.73 125,387 34.34 19,583 30.65 
Vested(52,466)25.65 — — (18,229)29.27 
Forfeited(31,656)30.62 (18,217)34.98 — — 
Outstanding at January 2, 2021454,491 30.85 220,184 34.36 21,982 31.85 
Service-based options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity
The following table summarizes service-based stock option activity, including service-based options under the Vision Holding Corp. Amended and Restated 2013 Equity Incentive Plan, the 2014 Stock Incentive Plan, and the 2017 Omnibus Incentive Plan.
Number of Options OutstandingWeighted Average Exercise Price ($)Weighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value (In Thousands) ($)
Outstanding options at December 28, 20191,906,158 13.37 
Granted160,574 34.47 
Exercised(823,685)8.83 
Forfeited(49,061)23.54 
Outstanding options at January 2, 20211,193,986 18.92 6.1931,490 
Vested and exercisable at January 2, 2021665,781 12.94 4.9421,540 
Schedule of Valuation Assumptions for Stock Option Grants
The fair value of service-based options was estimated using the Black-Scholes-Merton option pricing model. The following is a summary of the assumptions used in this model for service-based options:
20202019
Expected volatility
39.54% to 55.81%
34.50% to 37.10%
Expected term range (in years)
6.00
5.75 to 6.50
Expected risk-free interest rate
0.47% to 1.13%
1.68% to 2.94%
Performance-based options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity
The following table summarizes performance-based stock option activity:
Number of Options OutstandingWeighted Average Exercise Price ($)Weighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value (In Thousands) ($)
Outstanding options at December 28, 20191,603,848 6.60 
Exercised(705,414)7.37 
Forfeited(43,478)15.74 
Outstanding options at January 2, 2021854,956 5.50 3.4234,018 
Vested and exercisable at January 2, 2021854,956 5.50 3.4234,018