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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock option activity during 2018:
 
Number of Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life in Years
 
Aggregate
Intrinsic
Value
Outstanding at December 31, 2017
17,325

 
$
9.56

 
 
 
 
Granted
2,225

 
18.51

 
 
 
 
Exercised
(6,736
)
 
8.12

 
 
 
 
Forfeited and/or expired
(137
)
 
13.52

 
 
 
 
Outstanding at December 30, 2018
12,677

 
$
11.86

 
7.07
 
$
54,203

Vested or expected to vest at December 30, 2018
12,563

 
$
11.82

 
7.05
 
$
54,063

Exercisable at December 30, 2018
7,827

 
$
9.47

 
5.98
 
$
48,185
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology
The weighted average grant date fair value of stock options was determined using the following assumptions:
 
2018
 
2017
 
2016
Risk-free interest rate
2.77
%
 
1.94
%
 
1.28
%
Expected option life in years
5.62

 
5.62

 
5.62

Expected volatility
24.27
%
 
23.88
%
 
28.25
%
Expected dividend yield
1.84
%
 
1.82
%
 
2.38
%
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes activity of Restricted Shares during 2018:
 
Number of Restricted Shares
 
Weighted
Average
Grant Date Fair Value
Non-vested at December 31, 2017
1,595

 
$
11.36

Granted
430

 
17.73

Vested
(596
)
 
10.45

Forfeited
(108
)
 
12.82

Non-vested at December 30, 2018
1,321

 
$
13.65
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions
The input variables are noted in the table below:
 
2018
 
2017
 
2016
Risk-free interest rate
2.38
%
 
1.44
%
 
0.82
%
Expected life in years
3.00

 
3.00

 
3.00

Expected volatility
24.97
%
 
25.06
%
 
27.03
%
Expected dividend yield (a)
0.00
%
 
0.00
%
 
0.00
%
_______________

(a)
The Monte Carlo method assumes a reinvestment of dividends.
Schedule of Nonvested Performance-based Units Activity
The following table summarizes activity of performance shares at Target during 2018:
 
Performance Condition Awards
 
Market Condition Awards
 
Shares
 
Weighted
Average
Grant Date Fair Value
 
Shares
 
Weighted
Average
Grant Date Fair Value
Non-vested at December 31, 2017
604

 
$
11.13

 
498

 
$
13.49

Granted
157

 
15.65

 
128

 
19.22

Dividend equivalent units issued (a)
12

 
—

 
10

 
—

Vested (b)
(157
)
 
11.11

 
(103
)
 
17.08

Forfeited
(18
)
 
12.88

 
(15
)
 
15.11

Non-vested at December 30, 2018
598

 
$
12.32

 
518

 
$
14.22

_______________

(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)
Performance condition awards and market condition awards exclude the vesting of an additional 71 and 93 shares, respectively, which resulted from the performance of the awards exceeding Target.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Total share-based compensation and the related income tax benefit recognized in the Company’s consolidated statements of operations were as follows:
 
Year Ended
 
2018
 
2017
 
2016
Stock options
$
7,172

 
$
6,923

 
$
6,859

Restricted shares (a)
6,030

 
5,778

 
5,051

Performance shares:
 
 
 
 
 
Performance condition awards
1,491

 
1,764

 
4,681

Market condition awards
1,987

 
1,533

 
1,550

Modifications, net
1,238

 
4,930

 
—

Share-based compensation
17,918

 
20,928

 
18,141

Less: Income tax benefit
(3,418
)
 
(4,985
)
 
(6,520
)
Share-based compensation, net of income tax benefit
$
14,500

 
$
15,943

 
$
11,621

_______________

(a)
2018 and 2017 include $319 and $197, respectively, related to retention awards in connection with the Company’s May 2017 G&A realignment plan, which was included in “Reorganization and realignment costs.” See Note 5 for further information.