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Stock and Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 27, 2020
Share-based Payment Arrangement [Abstract]  
Summary of stock-based compensation expense
The following table summarizes the Company's stock-based compensation expense by type of award granted under both the KAR and IAA plans (in millions):
Fiscal Years Ended
December 27, 2020December 29, 2019December 30, 2018
Performance-based Restricted Stock Units
$1.4 $0.4 $— 
Restricted Stock Units and Awards
6.3 3.9 3.7 
Stock Options
0.8 0.4 0.1 
Total stock-based compensation expense
$8.5 $4.7 $3.8 
Schedule of restricted stock units/awards activity The following table summarizes the Company's PRSU activity:
Performance-based Restricted Stock Units*
Awards
Weighted Average Grant Date
Fair Value
Outstanding at December 30, 2019 262,000 $29.31 
PRSUs converted to RSUs(262,000)29.31 
Granted
99,915 49.64 
Forfeited
(1,044)49.15 
Outstanding at December 27, 202098,871 49.65 
* IAA awards, including those held by KAR employees
The following table summarizes the Company's RSU activity:
Restricted Stock Units*
Awards
Weighted Average Grant Date
Fair Value
Outstanding at December 30, 2019 987,620 $30.88 
PRSUs converted to RSUs262,000 29.31 
Granted
156,853 48.03 
Vested
(560,272)29.73 
Forfeited
(74,490)31.84 
Outstanding at December 27, 2020771,711 33.68 
* IAA awards, including those held by KAR employees
The following table summarizes the Company's RSA activity:
Restricted Stock Awards
Awards
Weighted Average Grant Date
Fair Value
Outstanding at December 30, 201910,380 $46.97 
Granted
18,515 43.30 
Vested
(20,201)45.32 
Outstanding at December 27, 20208,694 42.99 
Schedule of options activity
The following table summarizes stock option activity:
Stock Options *Number of AwardsWeighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term
(in Years)
Average
Intrinsic Value
(in millions)
Outstanding at December 30, 2019 901,011 $21.57     
Exercised (533,385)15.25     
Canceled/Expired (2,250)18.88     
Outstanding at December 27, 2020365,376 30.80 5.4$12.5 
Exercisable at December 27, 2020239,212 22.28 3.7$10.2 
The following table summarizes the activity of non-vested stock options:
Stock Options Number of AwardsWeighted
Average
Grant-Date Fair Value
Outstanding at December 30, 2019 189,237 $46.97 
Vested(63,073)46.97 
Outstanding at December 27, 2020126,164 46.97