XML 67 R51.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Compensation (Tables)
 12 Months Ended
Jan. 03, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option activity during 2015:
 
Number of Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life in Years
 
Aggregate
Intrinsic
Value
Outstanding at December 28, 2014
19,568

 
$
6.96

 
 
 
 
Granted
4,947

 
9.85

 
 
 
 
Exercised
(6,637
)
 
6.16

 
 
 
 
Forfeited and/or expired
(1,037
)
 
13.44

 
 
 
 
Outstanding at January 3, 2016
16,841

 
$
7.73

 
7.6
 
$
51,792

Vested or expected to vest at January 3, 2016
16,719

 
$
7.72

 
7.5
 
$
51,588

Exercisable at January 3, 2016
8,323

 
$
6.33

 
6.0
 
$
37,559
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
The weighted average grant date fair value of stock options was determined using the following assumptions:
 
2015
 
2014
 
2013
Risk-free interest rate
1.76
%
 
1.97
%
 
1.60
%
Expected option life in years
5.62

 
6.35

 
5.62

Expected volatility
29.2
%
 
35.4
%
 
45.6
%
Expected dividend yield
2.23
%
 
2.43
%
 
2.52
%
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes activity of Restricted Shares during 2015:
 
Number of Restricted Shares
 
Weighted
Average
Grant Date Fair Value
Non-vested at December 28, 2014
2,443

 
$
6.80

Granted
512

 
10.09

Vested
(951
)
 
5.39

Forfeited
(205
)
 
7.64

Non-vested at January 3, 2016
1,799

 
$
8.32
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions [Table Text Block]
The input variables are noted in the table below:
 
2015
Risk-free interest rate
1.00
%
Expected life in years
3.00

Expected volatility
25.6
%
Expected dividend yield (a)
0.00
%
_______________

(a)
The Monte Carlo method assumes a reinvestment of dividends.
Schedule of Nonvested Performance-based Units Activity [Table Text Block]
The following table summarizes activity of performance shares at Target during 2015:
 
Performance Condition Awards
 
Market Condition Awards
 
Shares
 
Weighted
Average
Grant Date Fair Value
 
Shares
 
Weighted
Average
Grant Date Fair Value
Non-vested at December 28, 2014
933

 
$
8.81

 
668

 
$
6.04

Granted
172

 
11.15

 
112

 
17.08

Dividend equivalent units issued (a)
20

 
—

 
8

 
—

Vested (b)
(104
)
 
8.56

 
(664
)
 
6.05

Forfeited
(104
)
 
9.33

 
(20
)
 
11.81

Non-vested at January 3, 2016
917

 
$
9.23

 
104

 
$
17.08

_______________

(a)
Dividend equivalent units are issued in lieu of cash dividends for non-vested performance shares. There is no weighted average fair value associated with dividend equivalent units.

(b)
Excludes the vesting of an additional 306 shares, which resulted from the performance of market condition awards exceeding Target.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
Total share-based compensation and the related income tax benefit recognized in the Company’s consolidated statements of operations were as follows:
 
Year Ended
 
2015
 
2014
 
2013
Stock options
$
10,081

 
$
13,692

 
$
7,223

Restricted Shares
4,834

 
4,495

 
3,907

Performance shares:
 
 
 
 
 
Performance condition awards
888

 
7,456

 
2,007

Market condition awards
1,348

 
37

 
5,279

Modifications, net
5,805

 
2,376

 
1,042

Share-based compensation (a)
22,956

 
28,056

 
19,458

Less: Income tax benefit (a)
(8,380
)
 
(10,357
)
 
(7,235
)
Share-based compensation, net of income tax benefit
$
14,576

 
$
17,699

 
$
12,223

_______________

(a)
Excludes $275, $187 and $155 of pre-tax share-based compensation and $106, $72 and $60 of related income tax benefits for 2015, 2014 and 2013, respectively, which are included in “Net income (loss) from discontinued operations.”