Shareholders' Equity and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 29, 2016

Stock Holders Equity And Share Based Compensation [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company estimated the fair value of stock options using the Black-Scholes option pricing model with the following assumptions used for awards granted during fiscal 2016, the Transition Period, fiscal 2015 and fiscal 2014:

	Year Ended	31 Weeks Ended	Year Ended	Year Ended
	December 29, 2016	December 31, 2015	May 28, 2015	May 29, 2014
Risk-free interest rate	1.07 – 1.64%	1.30 – 2.13%	1.31 – 2.32%	1.04 – 2.38%
Dividend yield	2.29%	2.26%	2.5%	2.7%
Volatility	29 – 48%	36 – 48%	37 – 49%	41 – 49%
Expected life	4 – 9 years	4 – 9 years	4 – 9 years	4 – 9 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s stock option activity and related information follows:

	December 29, 2016				December 31, 2015				May 28, 2015				May 29, 2014
			Weighted-				Weighted-				Weighted-				Weighted
			Average				Average				Average				Average
			Exercise				Exercise				Exercise				Exercise
	Options		Price		Options		Price		Options		Price		Options		Price
	(options in thousands)
Outstanding at beginning of period		1,707	$	15.71		1,526	$	14.75		1,566	$	14.06		1,949	$	14.03
Granted		185		19.45		284		20.22		276		18.35		291		13.16
Exercised		(245)		16.23		(68)		12.69		(215)		13.81		(437)		12.81
Forfeited		(84)		18.21		(35)		16.25		(101)		15.87		(237)		14.16
Outstanding at end of period		1,563		15.94		1,707		15.71		1,526		14.75		1,566		14.06
Exercisable at end of period		904	$	14.28		961	$	14.57		840	$	14.90		909	$	15.29
Weighted-average fair value of options granted during the period			$	5.94			$	6.57			$	5.98			$	4.52

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

	Exercise Price Range
	$10.00 to		$13.13 to		$18.35 to
	$13.12		$18.34		$31.55
	(options in thousands)
Options outstanding		575		487		501
Weighted-average exercise price of options outstanding	$	12.13	$	16.27	$	20.00
Weighted-average remaining contractual life of options outstanding		5.2		4.6		7.8
Options exercisable		462		353		89
Weighted-average exercise price of options exercisable	$	11.90	$	15.51	$	21.68

Schedule of Nonvested Share Activity

A summary of the Company’s non-vested stock activity and related information follows:

	December 29, 2016				December 31, 2015				May 28, 2015				May 29, 2014
			Weighted-				Weighted-				Weighted-				Weighted
			Average				Average				Average				Average
			Fair				Fair				Fair				Fair
	Shares		Value		Shares		Value		Shares		Value		Shares		Value
	(options in thousands)
Outstanding at beginning of period		134	$	16.54		114	$	15.39		98	$	13.61		97	$	12.92
Granted		36		24.54		34		19.24		30		19.38		37		14.14
Vested		(25)		12.13		(14)		12.55		(14)		11.72		(25)		12.01
Forfeited		(2)		18.72		–		–		–		–		(11)		12.93
Outstanding at end of period		143		19.30		134		16.54		114		15.39		98		13.61