v3.22.2.2
EMPLOYEE BENEFIT PLANS
 9 Months Ended
Oct. 01, 2022
Share-Based Payment Arrangement [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
Stock-Based Compensation Plans. The following table summarizes stock options and stock appreciation rights activity during the Third Quarter:
Stock Appreciation RightsSharesWeighted-
Average
Exercise Price		Weighted-
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value
 (in Thousands) (in Years)(in Thousands)
Outstanding at July 2, 2022199 $51.21 0.8$— 
Granted— — 
Exercised— — — 
Forfeited or expired(98)46.98 
Outstanding at October 1, 2022101 55.31 1.1— 
Exercisable at October 1, 2022101 $55.31 1.1$— 
 
The aggregate intrinsic value shown in the table above is based on the exercise price for outstanding and exercisable options/rights at October 1, 2022.
Stock Appreciation Rights Outstanding and Exercisable. The following tables summarize information with respect to stock options and stock appreciation rights outstanding and exercisable at October 1, 2022:


Stock Appreciation Rights OutstandingStock Appreciation Rights Exercisable
Range of
Exercise Prices		Number of
Shares		Weighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term		Number of
Shares		Weighted-
Average
Exercise
Price
 (in Thousands) (in Years)(in Thousands) 
$36.73 - $80.22
101 $55.31 1.1101 $55.31 
Total101 $55.31 1.1101 $55.31 
 
Restricted Stock Units and Performance Restricted Stock Units. The following table summarizes restricted stock unit and performance restricted stock unit activity during the Third Quarter:
Restricted Stock Units
and Performance Restricted Stock Units		Number of SharesWeighted-Average
Grant Date Fair
Value Per Share
 (in Thousands) 
Nonvested at July 2, 20222,016 $10.16 
Granted— — 
Vested(23)7.68 
Forfeited(26)9.95 
Nonvested at October 1, 20221,967 $10.19 
 
The total fair value of restricted stock units vested was $131,002 during the Third Quarter. Vesting of performance restricted stock units is based on achievement of operating margin growth and achievement of sales growth and operating margin targets in relation to the performance of a certain identified peer group.
Long-Term Incentive Plans. On the date of the Company’s annual stockholders meeting, each non-employee director automatically receives a grant of restricted stock units with a fair market value of approximately $130,000, which vest 100% on the earlier of one year from the date of grant or the date of the Company's next annual stockholders meeting, provided such director is providing services to the Company or a subsidiary of the Company on that date. Beginning with the grant in fiscal year 2021, non-employee directors could elect to defer receipt of all or a portion of the restricted stock units. As of October 1, 2022, the Company had 30,000 shares of restricted stock units that had vested but were deferred in connection with non-employee director compensation. In addition, beginning in fiscal year 2021, non-employee directors may defer the cash portion of their annual fees. Each participant may also elect to have the cash portion of his or her annual fees for each calendar year treated as if invested in units of common stock of the Company.