Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Impact of Stock-Based Compensation in Consolidation and Combined Statements of Income
Stock-based compensation expense and the associated tax benefits impacting our Condensed Consolidated Statements of Income were as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 29,
 
September 30,
 
September 29,
 
September 30,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Compensation costs for equity-based awards
 
$
695

 
$
1,002

 
$
2,241

 
$
3,350

Compensation costs for liability-based awards
 
(349
)
 
(728
)
 
1,100

 
192

Total compensation costs, pre-tax
 
$
346

 
$
274

 
$
3,341

 
$
3,542

Future tax benefit
 
$
123

 
$
97

 
$
1,188

 
$
1,260
Schedule of Non-Qualified Stock Options, Activity
The following table provides a summary of the activities for NQOs and RSUs for the nine months ended September 29, 2017:
 
 
NQOs
 
RSUs
(In thousands, except per share data)
 
Shares
 
Weighted Average Exercise Price Per Share
 
Shares
 
Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2017
 
384

 
$21.47
 
285

 
$23.01
Granted
 
71

 
$22.27
 
136

 
$23.25
Exercised
 
(105
)
 
$18.01
 
 
 
 
Vested
 
 
 
 
 
(110
)
 
$24.33
Forfeited or expired
 
(23
)
 
$22.61
 
(35
)
 
$21.61
Outstanding at September 29, 2017
 
327

 
$22.67
 
276

 
$22.79
Schedule of Weighted Average Assumptions
The following weighted-average assumptions were utilized in deriving the fair value for NQOs for the nine months ended September 29, 2017:
Expected volatility
 
30.7
%
Expected life (in years)
 
7

Risk-free rates
 
2.30
%
Weighted-average grant date fair value per share
 
$8.26