Stock-Based Compensation (Tables)

12 Months Ended

Dec. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Arrangement, Activity

A summary of the activity and related information follows:

	Stock Options			Restricted Stock Awards			Performance Stock Awards
(Shares in thousands)	Shares	Weighted Average Exercise Price		Shares	Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	884	$	14.60	982	$	18.29	1,722		$	22.04
Granted	—	N/A		93	36.88		535	(2)	37.64
Added by Performance Factor	—	N/A		—	N/A		100		14.81
Exercised/Released	(258)	14.16		(410)	18.89		(455)		15.40
Forfeited	—	N/A		(1)	33.80		—		N/A
End of period	626	$	14.78	664	$	20.51	1,902	(1)	$	27.63

(1) Of the performance stock awards outstanding, there are 856 thousand awards granted in 2021 and 2022 that have the potential to vest at maximum, up to 200% of target. These awards are represented at 100% target and would increase the performance awards outstanding by 856 thousand if they vest at maximum.

(2) Performance awards granted in 2023 are represented at 200% target.

Schedule of Weighted Average Assumptions Used in Calculating Fair Value of Stock Options

The weighted average of key assumptions used in determining the fair value of options granted and a discussion of the methodology used to develop each assumption are as follows:

	2023	2022	2021
Fair value of stock options on grant date	N/A	N/A	$	15.6
Expected term	N/A	N/A	7.9 years
Expected price volatility	N/A	N/A	33.6		%
Risk-free interest rate	N/A	N/A	1.3		%
Dividend yield	N/A	N/A	1.1		%