National Vision (EYE) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 30, 2019	Apr. 30, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	National Vision Holdings, Inc.
Entity Central Index Key	0001710155
Current Fiscal Year End Date	--12-28
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		78,217,812

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 72,506	$ 17,132
Accounts receivable, net	58,021	50,735
Inventories	111,936	116,022
Prepaid expenses and other current assets	27,626	30,815
Total current assets	270,089	214,704
Property and equipment, net	364,627	355,117
Other assets:
Goodwill	777,613	777,613
Right of use assets	330,637
Other assets	7,092	8,876
Total non-current assets	1,783,003	1,446,685
Total assets	2,053,092	1,661,389
Current liabilities:
Accounts payable	45,087	43,642
Other payables and accrued expenses	97,668	81,004
Unearned revenue	34,808	27,295
Deferred revenue	55,655	52,144
Current maturities of long-term debt and finance lease obligations	8,484	7,567
Current operating lease obligations	55,967
Total current liabilities	297,669	211,652
Long-term debt and finance lease obligations, less current portion and debt discount	578,397	570,545
Non-current operating lease obligations	314,282
Other non-current liabilities:
Deferred revenue	21,307	20,134
Other liabilities	11,523	53,964
Deferred income taxes, net	67,334	61,940
Total other non-current liabilities	100,164	136,038
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value; 200,000 shares authorized; 78,297 and 78,246 shares issued as of March 30, 2019 and December 29, 2018, respectively; 78,218 and 78,167 shares outstanding as of March 30, 2019 and December 29, 2018, respectively	783	782
Additional paid-in capital	675,952	672,503
Accumulated other comprehensive loss	(3,757)	(2,810)
Retained earnings	91,763	74,840
Treasury stock, at cost; 79 shares as of March 30, 2019 and December 29, 2018	(2,161)	(2,161)
Total stockholders’ equity	762,580	743,154
Total liabilities and stockholders’ equity	2,053,092	1,661,389
Trademarks and trade names
Other assets:
Intangible assets	240,547	240,547
Other intangible assets, net
Other assets:
Intangible assets	$ 62,487	$ 64,532

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 30, 2019	Dec. 29, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (shares)	200,000,000	200,000,000
Common stock, issued (shares)	78,297,000	78,246,000
Common stock, outstanding (shares)	78,218,000	78,167,000
Treasury stock (shares)	79,000	79,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Revenue:
Total net revenue	$ 461,215	$ 407,975
Costs applicable to revenue (exclusive of depreciation and amortization):
Total costs applicable to revenue	211,969	180,454
Operating expenses:
Selling, general and administrative expenses	193,876	170,689
Depreciation and amortization	20,415	17,862
Asset impairment	2,082	0
Other expense, net	473	122
Total operating expenses	216,846	188,673
Income from operations	32,400	38,848
Interest expense, net	9,061	9,313
Earnings before income taxes	23,339	29,535
Income tax provision	5,910	5,080
Net income	$ 17,429	$ 24,455
Earnings per share:
Basic (in usd per share)	$ 0.22	$ 0.33
Diluted (in usd per share)	$ 0.21	$ 0.31
Weighted average shares outstanding:
Basic (shares)	78,205	74,714
Diluted (shares)	81,466	77,837
Comprehensive income:
Net income	$ 17,429	$ 24,455
Unrealized gain (loss) on hedge instruments	(1,273)	6,216
Tax provision (benefit) of unrealized gain (loss) on hedge instruments	(326)	1,592
Comprehensive income	16,482	29,079
Products
Revenue:
Total net revenue	383,160	338,777
Costs applicable to revenue (exclusive of depreciation and amortization):
Total costs applicable to revenue	154,004	130,878
Services and plans
Revenue:
Total net revenue	78,055	69,198
Costs applicable to revenue (exclusive of depreciation and amortization):
Total costs applicable to revenue	$ 57,965	$ 49,576

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Treasury Stock
Beginning balance (shares) at Dec. 30, 2017		74,654
Beginning balance at Dec. 30, 2017	$ 654,600	$ 746	$ 631,798	$ (9,868)	$ 32,157	$ (233)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net (shares)		449
Issuance of common stock	2,248	$ 5	2,243
Share based compensation	1,596		1,596
Purchase of treasury stock (shares)		(25)
Purchase of treasury stock	(855)
Unrealized gain on hedge instruments, net of tax	4,624			4,624
Net income	24,455				24,455
Ending balance (shares) at Mar. 31, 2018		75,078
Ending balance at Mar. 31, 2018	705,698	$ 751	635,637	(5,244)	75,642	(1,088)
Beginning balance (shares) at Dec. 29, 2018		78,167
Beginning balance at Dec. 29, 2018	743,154	$ 782	672,503	(2,810)	74,840	(2,161)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net (shares)		51
Issuance of common stock	513	$ 1	512
Share based compensation	2,937		2,937
Unrealized gain on hedge instruments, net of tax	(947)			(947)
Net income	17,429				17,429
Ending balance (shares) at Mar. 30, 2019		78,218
Ending balance at Mar. 30, 2019	$ 762,580	$ 783	$ 675,952	$ (3,757)	$ 91,763	$ (2,161)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 17,429	$ 24,455
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	20,415	17,862
Amortization of loan costs	406	430
Asset impairment	2,082	0
Deferred income tax expense	5,910	5,080
Stock based compensation expense	2,976	1,596
Inventory adjustments	1,319	522
Bad debt expense	2,021	1,620
Other	1,041	64
Changes in operating assets and liabilities:
Accounts receivable	(9,307)	(166)
Inventories	2,767	(3,049)
Other assets	5,791	(554)
Accounts payable	1,445	10,418
Deferred revenue	4,684	4,261
Other liabilities	24,035	15,248
Net cash provided by operating activities	83,014	77,787
Cash flows from investing activities:
Purchase of property and equipment	(25,992)	(22,792)
Other	186	116
Net cash used for investing activities	(25,806)	(22,676)
Cash flows from financing activities:
Proceeds from exercise of stock options	513	2,312
Principal payments on long-term debt	(1,250)	(1,425)
Purchase of treasury stock	0	(855)
Payments on finance lease obligations	(617)
Payments on finance lease obligations		(333)
Net cash used for financing activities	(1,354)	(301)
Net change in cash, cash equivalents and restricted cash	55,854	54,810
Cash, cash equivalents and restricted cash, beginning of year	17,998	5,193
Cash, cash equivalents and restricted cash, end of period	73,852	60,003
Supplemental cash flow disclosure information:
Cash paid for interest	9,857	10,573
Property and equipment accrued at the end of the period	13,980	8,934
Right of use assets acquired under finance leases	7,270	1,416
Right of use assets acquired under operating leases	32,981	0
Reconciliation of Cash, Cash Equivalents, and Restricted Cash:
Total cash, cash equivalents and restricted cash	$ 17,998	$ 5,193

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 30, 2019
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Nature of Operations National Vision Holdings, Inc. (“NVHI,” the “Company,” “we,” “our,” or “us”) is a holding company whose operating subsidiaries include its indirect wholly owned subsidiary, National Vision, Inc. (“NVI”) and NVI’s direct wholly owned subsidiaries. We are a leading value retailer of eyeglasses and contact lenses in the United States and its territories. We operated 1,105 and 1,082 retail optical locations as of March 30, 2019 and December 29, 2018 , respectively, through our five store brands, including America’s Best Contacts and Eyeglasses (“America’s Best”), Eyeglass World, Vista Optical locations on U.S. Army/Air Force military bases and within Fred Meyer stores, and our management and services arrangement with Walmart (“legacy”). Basis of Presentation We prepared the accompanying condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and, therefore, do not include all information and disclosures required by U.S. GAAP for complete consolidated financial statements. The condensed consolidated balance sheet as of December 29, 2018 has been derived from the audited consolidated balance sheet for the fiscal year then ended. These unaudited interim condensed consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, necessary to present fairly the Company’s consolidated financial position as of March 30, 2019 , the consolidated results of operations and comprehensive income, statements of changes in shareholders’ equity, and its statements of cash flows for the three months ended March 30, 2019 and March 31, 2018 . Certain information and disclosures normally included in our annual consolidated financial statements have been condensed or omitted; however, we believe that the disclosures included herein are sufficient for a fair presentation of the information presented. These interim condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto for the fiscal year ended December 29, 2018 included in the Company’s Annual Report on Form 10-K with the SEC for fiscal year 2018 filed on February 27, 2019. The Company’s significant accounting policies are set forth in Note 1 within those consolidated financial statements. We use the same accounting policies in preparing interim condensed consolidated financial information and annual consolidated financial statements. There were no changes to our significant accounting policies during the three months ended March 30, 2019 , except for the adoption of Accounting Standards Update (“ASU”) 2016-02, Leases. See “Adoption of New Accounting Pronouncements” below for further discussion. The condensed consolidated financial statements include our accounts and those of our subsidiaries, all of which are wholly-owned. All intercompany balances and transactions have been eliminated in consolidation. Fiscal Year Our fiscal year consists of 52 or 53 weeks ending on the Saturday closest to December 31. Fiscal year 2019 contains 52 weeks and will end on December 28, 2019 . All three month periods presented herein contain 13 weeks. All references to years and quarters relate to fiscal periods rather than calendar periods. Seasonality The consolidated results of operations for the three months ended March 30, 2019 and March 31, 2018 are not necessarily indicative of the results to be expected for the full fiscal year due to seasonality and uncertainty of general economic conditions that may impact our key end markets. Historically, our business has realized a higher portion of net revenue, income from operations, and cash flows from operations in the first fiscal quarter, and a lower portion of net revenue, income from operations, and cash flows from operations in the fourth fiscal quarter. The seasonally larger first quarter is attributable primarily to the timing of our customers’ personal income tax refunds and annual health insurance program start or reset periods. Seasonality related to fourth quarter holiday spending by retail customers generally does not impact our business. Our quarterly consolidated results can also be affected by the timing of new store openings, store closings, and certain holidays. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Asset Impairment We evaluate impairment of long-lived tangible and right of use (“ROU”) store assets at the store level, which is the lowest level at which independent cash flows can be identified, when events or conditions indicate the carrying value of such assets may not be recoverable. If the store's projected undiscounted net cash flows expected to be generated by the related assets over the shorter of the remaining useful life or the remaining term of the lease are less than the carrying value of the subject assets, we then measure impairment based on a discounted cash flow model and fair market value of the lease asset and record an impairment charge as the excess of carrying value over estimated fair value. During the three months ended March 30, 2019 , we identified indicators of impairment in our long-lived tangible and ROU store assets and recorded a $2.1 million impairment charge. The remaining estimated fair value of the impaired assets was $1.3 million . Income Taxes Our income tax rate for the three months ended March 30, 2019 reflected our statutory federal and state rate of 25.7% , and an additional discrete benefit of $0.2 million associated primarily with the exercise of stock options. In comparison, the income tax rate associated with the three months ended March 31, 2018 was reduced by a $2.7 million income tax benefit resulting from stock option exercises. Adoption of New Accounting Pronouncements Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases . This new guidance establishes a ROU model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases are classified as either financing or operating, with such classification affecting the pattern of expense recognition in the statement of operations. Disclosure of key information about leasing arrangements is also required. We adopted ASU No. 2016-02, as amended, as of December 30, 2018 (the first day of fiscal year 2019 ), using the modified retrospective transition approach without adjusting the comparative periods presented. We elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to carry forward historical lease classification for leases in existence as of the adoption date, to not assess whether any expired or existing contracts are leases or contain leases and to not assess whether unamortized initial direct costs for existing leases meet the definition of initial direct costs. In addition, we elected the practical expedients to not separate lease components from non-lease components and to not apply this new guidance to leases with terms of less than 12 months. Upon adoption, we recorded operating lease liabilities of approximately $349.7 million as of December 30, 2018 . The Company treated tenant improvement allowances (“TIAs”) and deferred rent of $28.6 million and $11.9 million , respectively, as of December 30, 2018 as reductions of lease payments used to measure ROU assets and recorded $308.5 million of lease ROU assets upon adoption. The difference between the additional lease assets and lease liabilities net of the deferred tax impact was $0.5 million and recorded as an adjustment to fiscal year 2019 opening retained earnings. Adoption of this new guidance did not result in significant changes to our results of operations and cash flows. See Note 7 . “Leases” for additional information. Future Adoption of Accounting Pronouncements Cloud Computing. In August 2018, the FASB issued ASU No. 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force). This new guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). This new guidance is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. The Company is in the process of assessing the new guidance. Credit Losses . In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments. This new guidance requires an entity to assess impairment of its financial instruments based on its estimate of expected credit losses. This guidance is effective for fiscal years beginning after December 15, 2019, and for interim reporting periods within those fiscal years. The Company is in the process of assessing the new guidance.

Details of Certain Balance Shee

Details of Certain Balance Sheet Accounts	3 Months Ended
	Mar. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Details of Certain Balance Sheet Accounts	In thousands As of As of Inventories: Raw materials and work in process (1) $ 55,181 $ 59,946 Finished goods 56,755 56,076 $ 111,936 $ 116,022 (1) Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, the Company does not separately present raw materials and work in process. In thousands As of As of Property and equipment, net: Land and building $ 3,632 $ 3,632 Equipment 173,439 160,958 Information systems hardware and software 99,696 101,809 Furniture and fixtures 50,862 48,992 Leasehold improvements 194,840 186,499 Construction in progress 31,378 40,697 Right of use assets under finance leases 33,061 25,446 586,908 568,033 Less accumulated depreciation 222,281 212,916 $ 364,627 $ 355,117 In thousands As of As of Other payables and accrued expenses: Employee compensation and benefits $ 35,572 $ 20,529 Advertising 2,210 2,076 Self-insurance reserves 8,258 8,117 Reserves for customer returns and remakes 6,582 4,645 Capital expenditures 13,980 14,078 Legacy management and services agreement 5,237 5,383 Fair value of derivative liabilities 3,757 3,130 Supplies and other store support expenses 3,579 4,929 Litigation settlements 3,916 3,938 Other 14,577 14,179 $ 97,668 $ 81,004 In thousands As of As of Other non-current liabilities: Fair value of derivative liabilities $ 4,151 $ 3,505 Tenant improvements (1) — 30,851 Deferred rental expenses (1) — 11,926 Self-insurance reserves 5,159 5,114 Other 2,213 2,568 $ 11,523 $ 53,964 (1) Tenant improvements and deferred rental expenses are used to measure ROU assets on the balance sheet under ASC 842, Leases as of March 30, 2019. See Note 7. “Leases” for further details.

Fair Value Measurements of Fina

Fair Value Measurements of Financial Assets and Liabilities	3 Months Ended
	Mar. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements of Financial Assets and Liabilities	Fair Value Measurements of Financial Assets and Liabilities The Company uses a fair value hierarchy that is intended to increase consistency and comparability in fair value measurements and related disclosures. The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect pricing based upon a reporting entity’s pricing based upon its own market assumptions. The Company is required to measure certain assets and liabilities at fair value or disclose the fair values of certain assets and liabilities recorded at cost. Accounting standards define fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date. Fair value is estimated assuming the transaction occurs in the principal or most advantageous market for the asset or liability and includes consideration of non-performance risk and credit risk of both parties. A three-tier fair value hierarchy prioritizes the inputs used in measuring fair value. These tiers include: • Level 1 - Valuation inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. • Level 2 - Valuation inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in inactive markets, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 - Valuation inputs are unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques. The fair value estimates of financial instruments are not necessarily indicative of the amounts we might pay or receive in actual market transactions. The use of different market assumptions and/or estimation methodologies may have a material impact on the estimated fair value amounts. Cash and Cash Equivalents The carrying amount of cash and cash equivalents approximates fair value due to the short term maturity of the instruments. All cash and cash equivalents are denominated in U.S. currency. Accounts Receivable The carrying amount of accounts receivable approximates fair value due to the short-term nature of those items and the effect of related allowances for doubtful accounts. Accounts Payable and Other Payables and Accrued Expenses The carrying amounts of accounts payable and other payables and accrued expenses approximate fair value due to the short-term nature of those items. Long-term Debt - First Lien Credit Agreement Our long-term debt is traded in private markets on a less-than-daily basis. Fair value is based on the average of trading prices and bid/ask quotes around period-end (Level 2 inputs). The estimated fair values of our long term debt was $558.2 million and $556.1 million as of March 30, 2019 and December 29, 2018 , respectively, compared to carrying values of $552.8 million and $553.6 million , respectively, which includes the current portion, and is net of unamortized discounts and deferred debt issuance costs. Long-term Debt - Finance Leases The fair value of finance lease obligations is based on estimated future contractual cash flows discounted at an appropriate market rate of interest (Level 2 inputs). The estimated fair values of our finance leases were $40.0 million and $30.7 million as of March 30, 2019 and December 29, 2018 , respectively, compared to carrying values of $34.1 million and $24.5 million , respectively. Interest Rate Derivatives The Company is party to three pay-fixed and receive-floating interest rate swap agreements to offset the variability of cash flows in LIBOR-indexed debt interest payments, subject to a 1.0% floor, attributable to changes in the benchmark interest rate from March 13, 2017 to March 13, 2021 related to its credit agreements. During the first quarter of 2019 , in accordance with the original agreements with the counterparties, the notional amount of the first derivative decreased from $140 million to $105 million . There were no other changes in the terms of the arrangements. We recognize as assets or liabilities at fair value the estimated amounts we would receive or pay upon a termination of interest rate swaps prior to their scheduled expiration dates. Fair value is based on information that is model-driven and whose inputs are observable (Level 2 inputs). Cumulative unrealized gains and losses on derivative instruments are recorded in accumulated other comprehensive loss (“AOCL”), net of tax. As of March 30, 2019 , the Company expects to reclassify $2.8 million , net of tax, of AOCL into earnings in the next 12 months . See Note 11 . “Accumulated Other Comprehensive Loss” for further details. Changes in the cash flows of each derivative are expected to be highly effective in offsetting the changes in interest payments on a principal balance equal to the derivative’s notional amount, attributable to the hedged risk. Our hedges have been deemed highly effective since inception as a result of our quarterly hedge effectiveness testing. Our cash flow hedge position related to interest rate derivative contracts is as follows: In thousands Notional Amount Final Maturity Date Other Payables and Accrued Expenses Other Liabilities AOCL, Net of Tax (1) As of $ 430,000 March 2021 $ 3,757 $ 4,151 $ 3,757 As of $ 465,000 March 2021 $ 3,130 $ 3,505 $ 2,810 (1) Includes stranded tax benefit of $2.1 million within AOCL from adopting provisions of the Tax Legislation of 2017 during the year ended December 30, 2017.

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Mar. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Incentive Plans	The following tables summarize stock based compensation activity: Service-based options (1) Performance-based options Outstanding at December 29, 2018 2,583,380 4,143,781 Granted 254,712 — Exercised (6,284 ) (36,459 ) Forfeited — (42,161 ) Outstanding at March 30, 2019 2,831,808 4,065,161 Vested and exercisable at March 30, 2019 1,900,111 1,724,551 (1) Includes service-based options under the Vision Holding Corp. Amended and Restated 2013 Equity Incentive Plan, the 2014 Stock Incentive Plan, and the 2017 Omnibus Incentive Plan Service-based restricted stock unit (RSU) awards Performance-based restricted stock unit (PSU) awards Restricted stock (RSA) awards Outstanding at December 29, 2018 98,076 — 11,431 Granted 101,014 102,936 — Vested — — (787 ) Forfeited (2,823 ) — — Outstanding at March 30, 2019 196,267 102,936 10,644 Effective March 1, 2019 , the Company made an annual grant of stock options, performance-based restricted stock units (“PSUs”) and/or restricted stock units (“RSUs”) to eligible employees under the National Vision Holdings, Inc. 2017 Omnibus Incentive Plan (the “2017 Omnibus Incentive Plan”). The time-based options granted in fiscal 2019 vest in three equal annual installments, with one-third of the total number of shares underlying the options vesting on each of the first, second, and third anniversary of March 1, 2019 , subject to continued employment through the applicable vesting date. The PSUs granted in fiscal 2019 are settled after the end of the performance period (i.e., cliff vesting), which begins on the first day of our 2019 fiscal year and ends on the last day of our 2021 fiscal year, and are based on the Company’s achievement of certain performance targets. The RSUs granted in fiscal 2019 vest in three equal installments through March 1, 2022. The weighted average grant date fair value of RSUs and PSUs granted during the three months ended March 30, 2019 was $35.19 . The weighted average price of options exercised during the three months ended March 30, 2019 was $4.71 . The weighted average grant date fair value of the stock options granted during the three months ended March 30, 2019 was $14.22 . The following table summarizes stock compensation expense under the Company’s plans, which is included in SG&A in the accompanying statements of operations: Three months ended In thousands March 30, 2019 March 31, 2018 Stock Options $ 2,352 $ 1,190 RSUs and PSUs 555 391 RSAs 33 15 Associate stock purchase plan 36 — Total stock-based compensation expense $ 2,976 $ 1,596 The unrecognized compensation cost as of March 30, 2019 related to RSUs, PSUs and service-based options granted in 2019 was $3.4 million , $3.5 million and $3.5 million , respectively.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Equity in Net Assets of Non-Consolidated Investee The Company has an investment in a private start-up company whose principal business is licensing software to eyeglass retailers. Under the equity method of accounting, we are required to record our interest in the investee’s reported net income or loss for each reporting period, which is presented in other expense, net in the Company’s condensed consolidated statements of operations. Our interest in the investee’s net losses was $0.6 million and $0.2 million for the three months ended March 30, 2019 and March 31, 2018 , respectively. After adjusting the carrying value of our interest in the investee’s reported net losses, our investment balance in the business was $0.4 million and $1.0 million as of March 30, 2019 and December 29, 2018 , respectively, which is included in other assets in the accompanying condensed consolidated balance sheets. In the ordinary course of business we are a licensee of our investee. During the three months ended March 30, 2019 , the licensing fees recorded in SG&A were immaterial. During the three months ended March 31, 2018 , we recorded $0.2 million in licensing fees. Additionally, on August 29, 2017 , the investee issued a secured convertible promissory note to the Company, in the principal amount of $1.5 million , due on August 29, 2020 , which is included in non-current other assets in the accompanying condensed consolidated balance sheets. Interest income associated with the note was immaterial for the three months ended March 30, 2019 and March 31, 2018 .

Revenue From Contracts with Cus

Revenue From Contracts with Customers	3 Months Ended
	Mar. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue From Contracts with Customers	Revenue From Contracts with Customers The Company’s revenues are recognized either at the point of sale or upon delivery and customer acceptance, paid for at the time of sale in cash, credit card, or on account with managed care payors having terms generally between 14 and 120 days, with most paying within 90 days. Our point in time revenues include 1) retail sales of prescription and non-prescription eyewear, contact lenses and related accessories to retail customers (including those covered by managed care), 2) eye exams and 3) wholesale sales of inventory in which our customer is another retail entity. Revenues recognized over time primarily include product protection plans, eyecare club memberships and management fees earned from our legacy partner. The following disaggregation of revenues is based on the timing of revenue recognition: Three Months Ended In thousands March 30, 2019 March 31, 2018 Revenues recognized at a point in time $ 424,214 $ 372,765 Revenues recognized over time 37,001 35,210 Total net revenue $ 461,215 $ 407,975 Refer to Note 9 ."Segment Reporting" for the Company’s disaggregation of net revenue by reportable segment. As the reportable segments are aligned by similar economic factors, trends and customers, the reportable segment disaggregation view best depicts how the nature, amount and uncertainty of revenue and cash flows are affected by economic factors. Contract Assets and Liabilities The Company’s contract assets and contract liabilities primarily result from timing differences between the performance of our obligations and the customer’s payment. Accounts Receivable Accounts receivable associated with revenues consist primarily of trade receivables and credit card receivables. Trade receivables consist primarily of receivables from managed care payors and receivables from major retailers. While we have relationships with almost all vision care insurers in the United States and with all of the major carriers, currently, a relatively small number of payors comprise the majority of our managed care revenues, subjecting us to concentration risk. Trade receivables and credit card receivables are included in accounts receivable, net, on our condensed consolidated balance sheets, and are presented separately in Note 2 . “Details of Certain Balance Sheet Accounts.” Accounts receivable are reduced by allowances for amounts that may become uncollectible. Estimates of our allowance for uncollectible accounts are based on our historical and current operating, billing, and collection trends. Impairment losses (i.e., bad debt expense) recognized on our receivables were approximately $2.0 million and $1.6 million for the three months ended March 30, 2019 and March 31, 2018 , respectively. Unsatisfied Performance Obligations (Contract Liabilities) Our retail customers generally make payments for prescription eyewear products at the time they place an order. Amounts we collect in advance for undelivered merchandise are reported as unearned revenue in the accompanying condensed consolidated balance sheets. Unearned revenue at the end of a reporting period is estimated based on delivery times throughout the current month and generally ranges from four to ten days. All unearned revenue at the end of a reporting period is recognized in the next fiscal period. Our contract liabilities also consist of deferred revenue on services and plans obligations, primarily product protection plans and eyecare club memberships. The unamortized portion of amounts we collect in advance for these services and plans are reported as deferred revenue in the accompanying condensed consolidated balance sheets (current and non- current portions). Our deferred revenue balance as of March 30, 2019 was $77.0 million . We expect future revenue recognition of this balance of $47.4 million , $21.0 million , $7.8 million , $0.7 million , and $0.1 million in fiscal years 2019 , 2020 , 2021 , 2022 , and thereafter , respectively. We recognized $27.7 million and $25.9 million of previously deferred revenues during the three months ended March 30, 2019 and March 31, 2018 , respectively.

Leases

Leases	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Leases	Leases We lease our stores, laboratories, distribution centers, and corporate offices. These leases generally have non-cancelable lease terms of between five and 10 years , with an option to renew for additional terms of one to 10 years or more. The lease term includes renewal option periods when the renewal is deemed reasonably certain after considering the value of the leasehold improvements at the end of the noncancelable lease period. Most leases for our stores provide for a minimum rent and typically include escalating rent over time with the exception of Military for which lease payments are variable and based on percentage of sales. For Vista Optical locations in Fred Meyer stores, we pay fixed rent plus a percentage of sales after certain minimum thresholds are achieved. The Company’s leases generally require us to pay insurance, real estate taxes and common area maintenance expenses, substantially all of which are variable and not included in the measurement of lease liability. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company does not consider its management and services agreement with legacy partner to contain a lease arrangement. Our lease arrangements include TIAs, which are contractual amounts received by a lessee from a lessor for improvements made to leased properties by the lessee. For operating leases, TIAs are treated as a reduction of the lease payments used to measure the ROU assets in the accompanying consolidated balance sheet as of March 30, 2019 (non-current liabilities as of December 29, 2018 ), and are amortized as a reduction in rental expense over the life of the respective leases. For finance leases, a lease ROU asset is recorded as property and equipment and corresponding amounts are recorded as debt obligations at an amount equal to the lesser of the net present value of minimum lease payments to be made over the lease term or the fair value of the property for leases in existence as of fiscal year end 2018 and at the net present value of the minimum lease payments to be made over the lease term for new finance leases entered into subsequent to fiscal year end 2018 . We rent or sublease certain parts of our stores to third parties. Our sublease portfolio consists mainly of operating leases with our ophthalmologists and optometrists within our stores. In thousands As of Type Classification ASSETS Finance Property and equipment, net $ 28,192 Operating Right of use assets (a) 330,637 Total leased assets 358,829 LIABILITIES Current Liabilities: Finance Current maturities of long-term debt and finance lease obligations 3,484 Operating Current operating lease obligations 55,967 Other non-current liabilities: Finance Long-term debt and finance lease obligations, less current portion and debt discount 30,614 Operating Non-current operating lease obligations 314,282 Total lease liabilities $ 404,347 As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the incremental borrowing rate on December 30, 2018, for operating leases that commenced prior to that date. (a) TIA of $30.2 million, as of March 30, 2019, is treated as a reduction of lease payments used to measure ROU assets. Finance lease assets are recorded net of accumulated amortization of $4.9 million and $4.1 million as of March 30, 2019 and December 30, 2018 , respectively. In thousands Three Months Ended Lease cost by classification Selling, general and administrative: Operating lease cost (a) $ 18,163 Variable lease cost (b) 6,466 Sublease income (c) (962 ) Depreciation and amortization: Amortization of lease assets 978 Interest expense, net: Interest on lease liabilities 890 Net lease cost $ 25,535 (a) Includes short-term leases, which are immaterial. (b) Includes costs for insurance, real estate taxes and common area maintenance expenses, which are variable as well as lease costs above minimum thresholds for Fred Meyer stores and lease costs for Military stores. (c) Income from sub-leasing of stores includes rental income from operating lease properties to ophthalmologists and optometrists who are independent contractors. Lease Term and Discount Rate As of Weighted average remaining lease term (months) Operating leases 83 Finance leases 83 Weighted average discount rate (a) Operating leases 4.6 % Finance leases (b) 13.6 % (a) The discount rate used to determine the lease assets and lease liabilities was derived upon considering (i) incremental borrowing rates on our long-term debt; (ii) fixed rates we pay on our interest rate swaps; (iii) LIBOR margins for issuers of similar credit rating; (iv) borrowing rates on five-year and ten-year US Treasuries; and (v) effect of collateralization. As a majority of our leases are five year and 10 year leases, we determined a lease discount rate for such tenors and evaluated whether this discount rate is reasonable for leases that were entered into during the quarter. (b) The discount rate on finance leases is higher than operating leases because the present value of minimum lease payments was higher than the fair value of leased properties for certain of those leases. The discount rate differential for those leases is not material to our results of operations. In thousands Three Months Ended March 30, 2019 Other Information Cash paid for amounts included in the measurement of lease liabilities Operating cash outflows - operating leases $ 18,146 The following table represents the maturity of our lease liabilities as of March 30, 2019 : In thousands Operating Leases (a) Finance Leases (b) Fiscal Year 2019 $ 55,994 $ 5,435 2020 70,545 6,984 2021 63,551 6,876 2022 56,707 6,810 2023 50,088 5,828 Thereafter 138,267 17,866 Total lease payments 435,152 49,799 Less: Interest 64,903 15,701 Present value of lease liabilities (c) $ 370,249 $ 34,098 (a) Operating lease payments include $79.8 million related to options to extend lease terms that are reasonably certain of being exercised. (b) There are no finance leases where the option to extend lease term is reasonably certain of being exercised. (c) The present value of lease liabilities excludes $29.6 million of legally binding minimum lease payments for leases signed but not yet commenced. As of fiscal year end 2018 , aggregate future minimum rental payments under our operating leases were as follows: Fiscal Year In thousands 2019 $ 69,372 2020 63,218 2021 56,219 2022 49,303 2023 42,545 Thereafter 126,388 $ 407,045 The future minimal rental payments above do not include amounts for variable executory costs such as insurance, real estate taxes and common area maintenance. These costs were approximately $18.0 million , $14.9 million and $13.9 million during fiscal years ended 2018 , 2017 and 2016 , respectively.
Leases	Leases We lease our stores, laboratories, distribution centers, and corporate offices. These leases generally have non-cancelable lease terms of between five and 10 years , with an option to renew for additional terms of one to 10 years or more. The lease term includes renewal option periods when the renewal is deemed reasonably certain after considering the value of the leasehold improvements at the end of the noncancelable lease period. Most leases for our stores provide for a minimum rent and typically include escalating rent over time with the exception of Military for which lease payments are variable and based on percentage of sales. For Vista Optical locations in Fred Meyer stores, we pay fixed rent plus a percentage of sales after certain minimum thresholds are achieved. The Company’s leases generally require us to pay insurance, real estate taxes and common area maintenance expenses, substantially all of which are variable and not included in the measurement of lease liability. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company does not consider its management and services agreement with legacy partner to contain a lease arrangement. Our lease arrangements include TIAs, which are contractual amounts received by a lessee from a lessor for improvements made to leased properties by the lessee. For operating leases, TIAs are treated as a reduction of the lease payments used to measure the ROU assets in the accompanying consolidated balance sheet as of March 30, 2019 (non-current liabilities as of December 29, 2018 ), and are amortized as a reduction in rental expense over the life of the respective leases. For finance leases, a lease ROU asset is recorded as property and equipment and corresponding amounts are recorded as debt obligations at an amount equal to the lesser of the net present value of minimum lease payments to be made over the lease term or the fair value of the property for leases in existence as of fiscal year end 2018 and at the net present value of the minimum lease payments to be made over the lease term for new finance leases entered into subsequent to fiscal year end 2018 . We rent or sublease certain parts of our stores to third parties. Our sublease portfolio consists mainly of operating leases with our ophthalmologists and optometrists within our stores. In thousands As of Type Classification ASSETS Finance Property and equipment, net $ 28,192 Operating Right of use assets (a) 330,637 Total leased assets 358,829 LIABILITIES Current Liabilities: Finance Current maturities of long-term debt and finance lease obligations 3,484 Operating Current operating lease obligations 55,967 Other non-current liabilities: Finance Long-term debt and finance lease obligations, less current portion and debt discount 30,614 Operating Non-current operating lease obligations 314,282 Total lease liabilities $ 404,347 As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the incremental borrowing rate on December 30, 2018, for operating leases that commenced prior to that date. (a) TIA of $30.2 million, as of March 30, 2019, is treated as a reduction of lease payments used to measure ROU assets. Finance lease assets are recorded net of accumulated amortization of $4.9 million and $4.1 million as of March 30, 2019 and December 30, 2018 , respectively. In thousands Three Months Ended Lease cost by classification Selling, general and administrative: Operating lease cost (a) $ 18,163 Variable lease cost (b) 6,466 Sublease income (c) (962 ) Depreciation and amortization: Amortization of lease assets 978 Interest expense, net: Interest on lease liabilities 890 Net lease cost $ 25,535 (a) Includes short-term leases, which are immaterial. (b) Includes costs for insurance, real estate taxes and common area maintenance expenses, which are variable as well as lease costs above minimum thresholds for Fred Meyer stores and lease costs for Military stores. (c) Income from sub-leasing of stores includes rental income from operating lease properties to ophthalmologists and optometrists who are independent contractors. Lease Term and Discount Rate As of Weighted average remaining lease term (months) Operating leases 83 Finance leases 83 Weighted average discount rate (a) Operating leases 4.6 % Finance leases (b) 13.6 % (a) The discount rate used to determine the lease assets and lease liabilities was derived upon considering (i) incremental borrowing rates on our long-term debt; (ii) fixed rates we pay on our interest rate swaps; (iii) LIBOR margins for issuers of similar credit rating; (iv) borrowing rates on five-year and ten-year US Treasuries; and (v) effect of collateralization. As a majority of our leases are five year and 10 year leases, we determined a lease discount rate for such tenors and evaluated whether this discount rate is reasonable for leases that were entered into during the quarter. (b) The discount rate on finance leases is higher than operating leases because the present value of minimum lease payments was higher than the fair value of leased properties for certain of those leases. The discount rate differential for those leases is not material to our results of operations. In thousands Three Months Ended March 30, 2019 Other Information Cash paid for amounts included in the measurement of lease liabilities Operating cash outflows - operating leases $ 18,146 The following table represents the maturity of our lease liabilities as of March 30, 2019 : In thousands Operating Leases (a) Finance Leases (b) Fiscal Year 2019 $ 55,994 $ 5,435 2020 70,545 6,984 2021 63,551 6,876 2022 56,707 6,810 2023 50,088 5,828 Thereafter 138,267 17,866 Total lease payments 435,152 49,799 Less: Interest 64,903 15,701 Present value of lease liabilities (c) $ 370,249 $ 34,098 (a) Operating lease payments include $79.8 million related to options to extend lease terms that are reasonably certain of being exercised. (b) There are no finance leases where the option to extend lease term is reasonably certain of being exercised. (c) The present value of lease liabilities excludes $29.6 million of legally binding minimum lease payments for leases signed but not yet commenced. As of fiscal year end 2018 , aggregate future minimum rental payments under our operating leases were as follows: Fiscal Year In thousands 2019 $ 69,372 2020 63,218 2021 56,219 2022 49,303 2023 42,545 Thereafter 126,388 $ 407,045 The future minimal rental payments above do not include amounts for variable executory costs such as insurance, real estate taxes and common area maintenance. These costs were approximately $18.0 million , $14.9 million and $13.9 million during fiscal years ended 2018 , 2017 and 2016 , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	From time to time, the Company is involved in various legal proceedings incidental to its business. Because of the nature and inherent uncertainties of litigation, we cannot predict with certainty the ultimate resolution of these actions and, should the outcome of these actions be unfavorable, the Company’s business, financial position, results of operations or cash flows could be materially and adversely affected. The Company reviews the status of its legal proceedings and records a provision for a liability when it is considered probable that both a liability has been incurred and the amount of the loss can be reasonably estimated. This review is updated periodically as additional information becomes available. If either or both of the criteria are not met, we reassess whether there is at least a reasonable possibility that a loss, or additional losses, may be incurred. If there is a reasonable possibility that a loss may be incurred, we disclose the estimate of the amount of the loss or range of losses, or that an estimate of loss cannot be made. The Company expenses its legal fees as incurred. In January 29, 2016 , FirstSight, our wholly-owned specialized health maintenance organization, was named as a defendant in a proposed class action filed on behalf of all persons who paid for an eye examination from an optometrist at a Walmart location in California from November 5, 2009 through the date of the resolution of the litigation. The complaint alleges in particular that FirstSight participated in arrangements that caused the illegal delivery of eye examinations to the plaintiffs, and that FirstSight thereby violated, among other statutes, the Unfair Competition and False Advertising laws of California. In March 2017 , the Court granted a motion to dismiss previously filed by FirstSight. The plaintiffs filed an appeal to the U.S. Court of Appeals for the Ninth Circuit in April 2017. In July 2018, the U.S. Court of Appeals for the Ninth Circuit vacated in part, and reversed in part, the district court’s dismissal and remanded for further proceedings. In October 2018, the plaintiffs filed a second amended complaint with the district court seeking, among other claims, unspecified damages and attorneys’ fees, and in November 2018, FirstSight filed a motion to dismiss. The Company believes that the claims are without merit and intends to continue to vigorously defend the litigation. In May 2017 , a complaint (the “1-800 Contacts Matter”) was filed against the Company and other defendants alleging, on behalf of a proposed class of consumers who purchased contact lenses online, that 1-800 Contacts, Inc. entered into a series of agreements with the other defendants, including AC Lens, the Company’s subsidiary, to suppress certain online advertising and that each defendant thereby engaged in anticompetitive conduct in violation of the Sherman Antitrust Act. The Company has settled the 1-800 Contacts Matter for $7.0 million , without admitting liability. Accordingly, the Company recorded a charge for this amount during the second quarter of fiscal year 2017. On November 8, 2017 , the court in the 1-800 Contacts Matter entered an order preliminarily approving the settlement agreement, subject to a settlement hearing. Pursuant to this order, the Company deposited 50% of the settlement amount, or $3.5 million , into an escrow account, to be distributed subject to and in accordance with the terms of the settlement agreement and any further order of the court. On February 25, 2019 , we were served with a lawsuit by a former employee who alleges, on behalf of himself and a proposed class, several violations of California wage and hour laws and seeks unspecified alleged unpaid wages, monetary damages, injunctive relief and attorneys’ fees. On March 21, 2019, we removed the lawsuit from state court to the United States District Court for the Northern District of California. The plaintiff moved to remand the action to state court on April 18, 2019. The Company believes that the claims are without merit and intends to vigorously defend the litigation.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company provides its principal products and services through two reportable segments: owned & host and legacy. The “Corporate/ Other” category includes the results of operations of our other operating segments, AC Lens and FirstSight, as well as corporate overhead support. The “Reconciliations” category represents other adjustments to reportable segment results necessary for the presentation of consolidated financial results in accordance with U.S. GAAP for the two reportable segments. The following is a summary of certain financial data for each of our segments. Reportable segment information is presented on the same basis as our condensed consolidated financial statements, except for net revenue and associated costs applicable to revenue, which is presented on a cash basis, including point of sales for managed care payors and excluding the effects of unearned and deferred revenue, consistent with what the CODM regularly reviews. Asset information is not included in the following summary since the CODM does not regularly review such information for the reportable segments. Our reportable segment profit measure is earnings before interest, tax, depreciation and amortization (“EBITDA”), or net revenue, less costs applicable to revenue, less selling, general and administrative costs. Depreciation and amortization, asset impairment, litigation settlement and other corporate costs that are not allocated to the reportable segments, including interest expense and debt issuance costs are excluded from segment EBITDA. There are no transactions between our reportable segments. There are no differences between the measurement of our reportable segments’ assets and consolidated assets. There have been no changes from prior periods in the measurement methods used to determine reportable segment profit or loss, and there have been no asymmetrical allocations to segments. As the reportable segments are aligned by similar economic factors, trends and customers, this disaggregation view best depicts how the nature, amount, and uncertainty of revenue and cash flows are affected by economic factors. Three Months Ended March 30, 2019 In thousands Owned & Host Legacy Corporate/Other Reconciliations Total Segment product revenues $ 296,919 $ 30,141 $ 63,875 $ (7,775 ) $ 383,160 Segment services and plans revenues 68,301 14,437 6 (4,689 ) 78,055 Total net revenue 365,220 44,578 63,881 (12,464 ) 461,215 Costs of products 85,246 14,130 56,595 (1,967 ) 154,004 Costs of services and plans 51,664 6,301 — — 57,965 Total costs applicable to revenue 136,910 20,431 56,595 (1,967 ) 211,969 SG&A 133,213 14,237 46,426 — 193,876 Asset impairment — — 2,082 — 2,082 Other expense, net — — 473 — 473 EBITDA $ 95,097 $ 9,910 $ (41,695 ) $ (10,497 ) 52,815 Depreciation and amortization 20,415 Interest expense, net 9,061 Income before income taxes $ 23,339 Three Months Ended March 31, 2018 In thousands Owned & Host Legacy Corporate/Other Reconciliations Total Segment product revenues $ 261,621 $ 29,109 $ 50,779 $ (2,732 ) $ 338,777 Segment services and plans revenues 58,776 13,649 1,054 (4,281 ) 69,198 Total net revenue 320,397 42,758 51,833 (7,013 ) 407,975 Costs of products 74,158 12,888 44,310 (478 ) 130,878 Costs of services and plans 43,646 4,963 967 — 49,576 Total costs applicable to revenue 117,804 17,851 45,277 (478 ) 180,454 SG&A 118,524 13,478 38,687 — 170,689 Other expense, net — — 122 — 122 EBITDA $ 84,069 $ 11,429 $ (32,253 ) $ (6,535 ) 56,710 Depreciation and amortization 17,862 Interest expense, net 9,313 Income before income taxes $ 29,535 Revenue associated with managing operations of our legacy partner were $9.3 million for each of the three months ended March 30, 2019 and March 31, 2018 . During the three months ended March 30, 2019 , sales associated with our legacy partner arrangement represented 9.7% of consolidated net revenue. This exposes us to concentration of customer risk.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted average common shares outstanding for the period and includes the dilutive impact of potential new common shares issuable upon vesting and exercise of stock options and vesting of restricted stock units. Potentially dilutive securities are excluded from the computation of diluted EPS if their effect is anti-dilutive. A reconciliation of the numerators and denominators of the basic and diluted EPS calculations is as follows: Three Months Ended In thousands, except EPS March 30, 2019 March 31, 2018 Net income $ 17,429 $ 24,455 Weighted average shares outstanding for basic EPS 78,205 74,714 Effect of dilutive securities: Stock options 3,221 3,033 Restricted stock 40 90 Weighted average shares outstanding for diluted EPS 81,466 77,837 Basic EPS $ 0.22 $ 0.33 Diluted EPS $ 0.21 $ 0.31 Anti-dilutive options outstanding excluded from EPS 356 —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 30, 2019
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in the fair value of the Company’s cash flow hedge derivative instruments since inception are recorded in AOCL. The following table presents the change in AOCL during the three months ended March 30, 2019 and March 31, 2018 , respectively: Three Months Ended In thousands March 30, 2019 March 31, 2018 Cash flow hedging activity: Balance at beginning of period $ (2,810 ) $ (9,868 ) Other comprehensive income (loss) before reclassification (2,188 ) 4,093 Tax effect of other comprehensive income (loss) before reclassification 561 (1,048 ) Amount reclassified from AOCL into interest expense 915 2,123 Tax effect of amount reclassified from AOCL into interest expense (235 ) (544 ) Net current period other comprehensive income (loss), net of tax (947 ) 4,624 Balance at end of period $ (3,757 ) $ (5,244 ) See Note 3 . “Fair Value Measurements of Financial Assets and Liabilities” for a description of the Company’s use of cash flow hedging derivatives.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation We prepared the accompanying condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and, therefore, do not include all information and disclosures required by U.S. GAAP for complete consolidated financial statements. The condensed consolidated balance sheet as of December 29, 2018 has been derived from the audited consolidated balance sheet for the fiscal year then ended. These unaudited interim condensed consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, necessary to present fairly the Company’s consolidated financial position as of March 30, 2019 , the consolidated results of operations and comprehensive income, statements of changes in shareholders’ equity, and its statements of cash flows for the three months ended March 30, 2019 and March 31, 2018 . Certain information and disclosures normally included in our annual consolidated financial statements have been condensed or omitted; however, we believe that the disclosures included herein are sufficient for a fair presentation of the information presented. These interim condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto for the fiscal year ended December 29, 2018 included in the Company’s Annual Report on Form 10-K with the SEC for fiscal year 2018 filed on February 27, 2019. The Company’s significant accounting policies are set forth in Note 1 within those consolidated financial statements. We use the same accounting policies in preparing interim condensed consolidated financial information and annual consolidated financial statements. There were no changes to our significant accounting policies during the three months ended March 30, 2019 , except for the adoption of Accounting Standards Update (“ASU”) 2016-02, Leases. See “Adoption of New Accounting Pronouncements” below for further discussion. The condensed consolidated financial statements include our accounts and those of our subsidiaries, all of which are wholly-owned. All intercompany balances and transactions have been eliminated in consolidation.
Fiscal Year	Fiscal Year Our fiscal year consists of 52 or 53 weeks ending on the Saturday closest to December 31. Fiscal year 2019 contains 52 weeks and will end on December 28, 2019 . All three month periods presented herein contain 13 weeks. All references to years and quarters relate to fiscal periods rather than calendar periods.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Asset Impairment	Asset Impairment We evaluate impairment of long-lived tangible and right of use (“ROU”) store assets at the store level, which is the lowest level at which independent cash flows can be identified, when events or conditions indicate the carrying value of such assets may not be recoverable. If the store's projected undiscounted net cash flows expected to be generated by the related assets over the shorter of the remaining useful life or the remaining term of the lease are less than the carrying value of the subject assets, we then measure impairment based on a discounted cash flow model and fair market value of the lease asset and record an impairment charge as the excess of carrying value over estimated fair value.
Income Taxes	Income Taxes Our income tax rate for the three months ended March 30, 2019 reflected our statutory federal and state rate of 25.7% , and an additional discrete benefit of $0.2 million associated primarily with the exercise of stock options. In comparison, the income tax rate associated with the three months ended March 31, 2018 was reduced by a $2.7 million income tax benefit resulting from stock option exercises.
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases . This new guidance establishes a ROU model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases are classified as either financing or operating, with such classification affecting the pattern of expense recognition in the statement of operations. Disclosure of key information about leasing arrangements is also required. We adopted ASU No. 2016-02, as amended, as of December 30, 2018 (the first day of fiscal year 2019 ), using the modified retrospective transition approach without adjusting the comparative periods presented. We elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to carry forward historical lease classification for leases in existence as of the adoption date, to not assess whether any expired or existing contracts are leases or contain leases and to not assess whether unamortized initial direct costs for existing leases meet the definition of initial direct costs. In addition, we elected the practical expedients to not separate lease components from non-lease components and to not apply this new guidance to leases with terms of less than 12 months. Upon adoption, we recorded operating lease liabilities of approximately $349.7 million as of December 30, 2018 . The Company treated tenant improvement allowances (“TIAs”) and deferred rent of $28.6 million and $11.9 million , respectively, as of December 30, 2018 as reductions of lease payments used to measure ROU assets and recorded $308.5 million of lease ROU assets upon adoption. The difference between the additional lease assets and lease liabilities net of the deferred tax impact was $0.5 million and recorded as an adjustment to fiscal year 2019 opening retained earnings. Adoption of this new guidance did not result in significant changes to our results of operations and cash flows. See Note 7 . “Leases” for additional information. Future Adoption of Accounting Pronouncements Cloud Computing. In August 2018, the FASB issued ASU No. 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force). This new guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). This new guidance is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. The Company is in the process of assessing the new guidance. Credit Losses . In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments. This new guidance requires an entity to assess impairment of its financial instruments based on its estimate of expected credit losses. This guidance is effective for fiscal years beginning after December 15, 2019, and for interim reporting periods within those fiscal years. The Company is in the process of assessing the new guidance.

Details of Certain Balance Sh_2

Details of Certain Balance Sheet Accounts (Tables)	3 Months Ended
	Mar. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accounts Receivable, Net	In thousands As of As of Accounts receivable, net: Trade receivables $ 33,329 $ 27,356 Credit card receivables 17,216 16,636 Tenant improvement allowances receivable 6,366 5,149 Other receivables 3,992 4,206 Allowance for uncollectible accounts (2,882 ) (2,612 ) $ 58,021 $ 50,735
Schedule of Inventories	In thousands As of As of Inventories: Raw materials and work in process (1) $ 55,181 $ 59,946 Finished goods 56,755 56,076 $ 111,936 $ 116,022 (1) Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, the Company does not separately present raw materials and work in process.
Schedule of Property and Equipment, Net	In thousands As of As of Property and equipment, net: Land and building $ 3,632 $ 3,632 Equipment 173,439 160,958 Information systems hardware and software 99,696 101,809 Furniture and fixtures 50,862 48,992 Leasehold improvements 194,840 186,499 Construction in progress 31,378 40,697 Right of use assets under finance leases 33,061 25,446 586,908 568,033 Less accumulated depreciation 222,281 212,916 $ 364,627 $ 355,117
Schedule of Other Payables and Accrued Expenses	In thousands As of As of Other payables and accrued expenses: Employee compensation and benefits $ 35,572 $ 20,529 Advertising 2,210 2,076 Self-insurance reserves 8,258 8,117 Reserves for customer returns and remakes 6,582 4,645 Capital expenditures 13,980 14,078 Legacy management and services agreement 5,237 5,383 Fair value of derivative liabilities 3,757 3,130 Supplies and other store support expenses 3,579 4,929 Litigation settlements 3,916 3,938 Other 14,577 14,179 $ 97,668 $ 81,004
Schedule of Other Non-current Liabilities	In thousands As of As of Other payables and accrued expenses: Employee compensation and benefits $ 35,572 $ 20,529 Advertising 2,210 2,076 Self-insurance reserves 8,258 8,117 Reserves for customer returns and remakes 6,582 4,645 Capital expenditures 13,980 14,078 Legacy management and services agreement 5,237 5,383 Fair value of derivative liabilities 3,757 3,130 Supplies and other store support expenses 3,579 4,929 Litigation settlements 3,916 3,938 Other 14,577 14,179 $ 97,668 $ 81,004

Fair Value Measurements of Fi_2

Fair Value Measurements of Financial Assets and Liabilities (Tables)	3 Months Ended
	Mar. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Cash Flow Hedge Derivative Contracts	Our cash flow hedge position related to interest rate derivative contracts is as follows: In thousands Notional Amount Final Maturity Date Other Payables and Accrued Expenses Other Liabilities AOCL, Net of Tax (1) As of $ 430,000 March 2021 $ 3,757 $ 4,151 $ 3,757 As of $ 465,000 March 2021 $ 3,130 $ 3,505 $ 2,810 (1) Includes stranded tax benefit of $2.1 million within AOCL from adopting provisions of the Tax Legislation of 2017 during the year ended December 30, 2017.

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
	Mar. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	The following tables summarize stock based compensation activity: Service-based options (1) Performance-based options Outstanding at December 29, 2018 2,583,380 4,143,781 Granted 254,712 — Exercised (6,284 ) (36,459 ) Forfeited — (42,161 ) Outstanding at March 30, 2019 2,831,808 4,065,161 Vested and exercisable at March 30, 2019 1,900,111 1,724,551 (1) Includes service-based options under the Vision Holding Corp. Amended and Restated 2013 Equity Incentive Plan, the 2014 Stock Incentive Plan, and the 2017 Omnibus Incentive Plan
Schedule of Restricted Stock and Restricted Stock Units Activity	Service-based restricted stock unit (RSU) awards Performance-based restricted stock unit (PSU) awards Restricted stock (RSA) awards Outstanding at December 29, 2018 98,076 — 11,431 Granted 101,014 102,936 — Vested — — (787 ) Forfeited (2,823 ) — — Outstanding at March 30, 2019 196,267 102,936 10,644
Schedule of Stock Compensation Expense	The following table summarizes stock compensation expense under the Company’s plans, which is included in SG&A in the accompanying statements of operations: Three months ended In thousands March 30, 2019 March 31, 2018 Stock Options $ 2,352 $ 1,190 RSUs and PSUs 555 391 RSAs 33 15 Associate stock purchase plan 36 — Total stock-based compensation expense $ 2,976 $ 1,596

Revenue From Contracts with C_2

Revenue From Contracts with Customers (Tables)	3 Months Ended
	Mar. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenues	The following disaggregation of revenues is based on the timing of revenue recognition: Three Months Ended In thousands March 30, 2019 March 31, 2018 Revenues recognized at a point in time $ 424,214 $ 372,765 Revenues recognized over time 37,001 35,210 Total net revenue $ 461,215 $ 407,975

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Schedule of Lease Type and Classification On Balance Sheet	In thousands As of Type Classification ASSETS Finance Property and equipment, net $ 28,192 Operating Right of use assets (a) 330,637 Total leased assets 358,829 LIABILITIES Current Liabilities: Finance Current maturities of long-term debt and finance lease obligations 3,484 Operating Current operating lease obligations 55,967 Other non-current liabilities: Finance Long-term debt and finance lease obligations, less current portion and debt discount 30,614 Operating Non-current operating lease obligations 314,282 Total lease liabilities $ 404,347 As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the incremental borrowing rate on December 30, 2018, for operating leases that commenced prior to that date. (a) TIA of $30.2 million, as of March 30, 2019, is treated as a reduction of lease payments used to measure ROU assets.
Schedule of Lease Cost	In thousands Three Months Ended Lease cost by classification Selling, general and administrative: Operating lease cost (a) $ 18,163 Variable lease cost (b) 6,466 Sublease income (c) (962 ) Depreciation and amortization: Amortization of lease assets 978 Interest expense, net: Interest on lease liabilities 890 Net lease cost $ 25,535 (a) Includes short-term leases, which are immaterial. (b) Includes costs for insurance, real estate taxes and common area maintenance expenses, which are variable as well as lease costs above minimum thresholds for Fred Meyer stores and lease costs for Military stores. (c) Income from sub-leasing of stores includes rental income from operating lease properties to ophthalmologists and optometrists who are independent contractors.
Schedule of Lease Terms and Discount Rate	Lease Term and Discount Rate As of Weighted average remaining lease term (months) Operating leases 83 Finance leases 83 Weighted average discount rate (a) Operating leases 4.6 % Finance leases (b) 13.6 % (a) The discount rate used to determine the lease assets and lease liabilities was derived upon considering (i) incremental borrowing rates on our long-term debt; (ii) fixed rates we pay on our interest rate swaps; (iii) LIBOR margins for issuers of similar credit rating; (iv) borrowing rates on five-year and ten-year US Treasuries; and (v) effect of collateralization. As a majority of our leases are five year and 10 year leases, we determined a lease discount rate for such tenors and evaluated whether this discount rate is reasonable for leases that were entered into during the quarter. (b) The discount rate on finance leases is higher than operating leases because the present value of minimum lease payments was higher than the fair value of leased properties for certain of those leases. The discount rate differential for those leases is not material to our results of operations.
Schedule of Operating Lease Cash Flows	In thousands Three Months Ended March 30, 2019 Other Information Cash paid for amounts included in the measurement of lease liabilities Operating cash outflows - operating leases $ 18,146
Schedule of Maturity for Operating Lease Liabilities	The following table represents the maturity of our lease liabilities as of March 30, 2019 : In thousands Operating Leases (a) Finance Leases (b) Fiscal Year 2019 $ 55,994 $ 5,435 2020 70,545 6,984 2021 63,551 6,876 2022 56,707 6,810 2023 50,088 5,828 Thereafter 138,267 17,866 Total lease payments 435,152 49,799 Less: Interest 64,903 15,701 Present value of lease liabilities (c) $ 370,249 $ 34,098 (a) Operating lease payments include $79.8 million related to options to extend lease terms that are reasonably certain of being exercised. (b) There are no finance leases where the option to extend lease term is reasonably certain of being exercised. (c) The present value of lease liabilities excludes $29.6 million of legally binding minimum lease payments for leases signed but not yet commenced.
Schedule of Maturity for Finance Lease Liabilities	The following table represents the maturity of our lease liabilities as of March 30, 2019 : In thousands Operating Leases (a) Finance Leases (b) Fiscal Year 2019 $ 55,994 $ 5,435 2020 70,545 6,984 2021 63,551 6,876 2022 56,707 6,810 2023 50,088 5,828 Thereafter 138,267 17,866 Total lease payments 435,152 49,799 Less: Interest 64,903 15,701 Present value of lease liabilities (c) $ 370,249 $ 34,098 (a) Operating lease payments include $79.8 million related to options to extend lease terms that are reasonably certain of being exercised. (b) There are no finance leases where the option to extend lease term is reasonably certain of being exercised. (c) The present value of lease liabilities excludes $29.6 million of legally binding minimum lease payments for leases signed but not yet commenced.
Schedule of Aggregate Future Minimum Rental Payments at Prior Year End	As of fiscal year end 2018 , aggregate future minimum rental payments under our operating leases were as follows: Fiscal Year In thousands 2019 $ 69,372 2020 63,218 2021 56,219 2022 49,303 2023 42,545 Thereafter 126,388 $ 407,045

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 30, 2019
Segment Reporting [Abstract]
Schedule of Financial Data by Segment	The following is a summary of certain financial data for each of our segments. Reportable segment information is presented on the same basis as our condensed consolidated financial statements, except for net revenue and associated costs applicable to revenue, which is presented on a cash basis, including point of sales for managed care payors and excluding the effects of unearned and deferred revenue, consistent with what the CODM regularly reviews. Asset information is not included in the following summary since the CODM does not regularly review such information for the reportable segments. Our reportable segment profit measure is earnings before interest, tax, depreciation and amortization (“EBITDA”), or net revenue, less costs applicable to revenue, less selling, general and administrative costs. Depreciation and amortization, asset impairment, litigation settlement and other corporate costs that are not allocated to the reportable segments, including interest expense and debt issuance costs are excluded from segment EBITDA. There are no transactions between our reportable segments. There are no differences between the measurement of our reportable segments’ assets and consolidated assets. There have been no changes from prior periods in the measurement methods used to determine reportable segment profit or loss, and there have been no asymmetrical allocations to segments. As the reportable segments are aligned by similar economic factors, trends and customers, this disaggregation view best depicts how the nature, amount, and uncertainty of revenue and cash flows are affected by economic factors. Three Months Ended March 30, 2019 In thousands Owned & Host Legacy Corporate/Other Reconciliations Total Segment product revenues $ 296,919 $ 30,141 $ 63,875 $ (7,775 ) $ 383,160 Segment services and plans revenues 68,301 14,437 6 (4,689 ) 78,055 Total net revenue 365,220 44,578 63,881 (12,464 ) 461,215 Costs of products 85,246 14,130 56,595 (1,967 ) 154,004 Costs of services and plans 51,664 6,301 — — 57,965 Total costs applicable to revenue 136,910 20,431 56,595 (1,967 ) 211,969 SG&A 133,213 14,237 46,426 — 193,876 Asset impairment — — 2,082 — 2,082 Other expense, net — — 473 — 473 EBITDA $ 95,097 $ 9,910 $ (41,695 ) $ (10,497 ) 52,815 Depreciation and amortization 20,415 Interest expense, net 9,061 Income before income taxes $ 23,339 Three Months Ended March 31, 2018 In thousands Owned & Host Legacy Corporate/Other Reconciliations Total Segment product revenues $ 261,621 $ 29,109 $ 50,779 $ (2,732 ) $ 338,777 Segment services and plans revenues 58,776 13,649 1,054 (4,281 ) 69,198 Total net revenue 320,397 42,758 51,833 (7,013 ) 407,975 Costs of products 74,158 12,888 44,310 (478 ) 130,878 Costs of services and plans 43,646 4,963 967 — 49,576 Total costs applicable to revenue 117,804 17,851 45,277 (478 ) 180,454 SG&A 118,524 13,478 38,687 — 170,689 Other expense, net — — 122 — 122 EBITDA $ 84,069 $ 11,429 $ (32,253 ) $ (6,535 ) 56,710 Depreciation and amortization 17,862 Interest expense, net 9,313 Income before income taxes $ 29,535

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 30, 2019
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic and Diluted EPS Calculations	A reconciliation of the numerators and denominators of the basic and diluted EPS calculations is as follows: Three Months Ended In thousands, except EPS March 30, 2019 March 31, 2018 Net income $ 17,429 $ 24,455 Weighted average shares outstanding for basic EPS 78,205 74,714 Effect of dilutive securities: Stock options 3,221 3,033 Restricted stock 40 90 Weighted average shares outstanding for diluted EPS 81,466 77,837 Basic EPS $ 0.22 $ 0.33 Diluted EPS $ 0.21 $ 0.31 Anti-dilutive options outstanding excluded from EPS 356 —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 30, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table presents the change in AOCL during the three months ended March 30, 2019 and March 31, 2018 , respectively: Three Months Ended In thousands March 30, 2019 March 31, 2018 Cash flow hedging activity: Balance at beginning of period $ (2,810 ) $ (9,868 ) Other comprehensive income (loss) before reclassification (2,188 ) 4,093 Tax effect of other comprehensive income (loss) before reclassification 561 (1,048 ) Amount reclassified from AOCL into interest expense 915 2,123 Tax effect of amount reclassified from AOCL into interest expense (235 ) (544 ) Net current period other comprehensive income (loss), net of tax (947 ) 4,624 Balance at end of period $ (3,757 ) $ (5,244 )

Description of Business and B_3

Description of Business and Basis of Presentation - Nature of Operations (Details)	Mar. 30, 2019storestore_brand	Dec. 29, 2018store
Accounting Policies [Abstract]
Number of retail optical locations | store	1,105	1,082
Number of store brands | store_brand	5

Description of Business and B_4

Description of Business and Basis of Presentation - Asset Impairment (Details) $ in Millions	3 Months Ended
	Mar. 30, 2019USD ($)
Accounting Policies [Abstract]
Impairment charge on long-lived assets held and used	$ 2.1
Estimated fair value of impaired long-lived assets held and used	$ 1.3

Description of Business and B_5

Description of Business and Basis of Presentation - Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Accounting Policies [Abstract]
Effective income tax rate (percent)	25.70%
Tax benefit associated primarily with exercise of stock options	$ 0.2	$ 2.7

Description of Business and B_6

Description of Business and Basis of Presentation - Adoption of New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 30, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease liabilities	$ 370,249
TIA treated as reduction of lease payments used to measure operating lease ROU assets	30,200
Right of use assets	$ 330,637
Cumulative effect of change in accounting principle		$ (506)	$ 19,030
ASU No. 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease liabilities		349,700
TIA treated as reduction of lease payments used to measure operating lease ROU assets		28,600
Deferred rent treated as reduction of lease payments used to measure operating lease ROU assets		11,900
Right of use assets		308,500
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in accounting principle		$ (506)	$ 19,030

Details of Certain Balance Sh_3

Details of Certain Balance Sheet Accounts - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Accounts receivable, net:
Allowance for uncollectible accounts	$ (2,882)	$ (2,612)
Accounts receivable, net of allowances	58,021	50,735
Trade receivables
Accounts receivable, net:
Accounts receivable, gross	33,329	27,356
Credit card receivables
Accounts receivable, net:
Accounts receivable, gross	17,216	16,636
Tenant improvement allowances receivable
Accounts receivable, net:
Accounts receivable, gross	6,366	5,149
Other receivables
Accounts receivable, net:
Accounts receivable, gross	$ 3,992	$ 4,206

Details of Certain Balance Sh_4

Details of Certain Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Inventories:
Raw materials and work in process	$ 55,181	$ 59,946
Finished goods	56,755	56,076
Inventories	$ 111,936	$ 116,022

Details of Certain Balance Sh_5

Details of Certain Balance Sheet Accounts - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Property and equipment, net:
Property and equipment, gross	$ 586,908	$ 568,033
Less accumulated depreciation	222,281	212,916
Property and equipment, net	364,627	355,117
Land and building
Property and equipment, net:
Property and equipment, gross	3,632	3,632
Equipment
Property and equipment, net:
Property and equipment, gross	173,439	160,958
Information systems hardware and software
Property and equipment, net:
Property and equipment, gross	99,696	101,809
Furniture and fixtures
Property and equipment, net:
Property and equipment, gross	50,862	48,992
Leasehold improvements
Property and equipment, net:
Property and equipment, gross	194,840	186,499
Construction in progress
Property and equipment, net:
Property and equipment, gross	31,378	40,697
Right of use assets under finance leases
Property and equipment, net:
Property and equipment, gross	$ 33,061	$ 25,446

Details of Certain Balance Sh_6

Details of Certain Balance Sheet Accounts - Other Payables and Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Other payables and accrued expenses:
Employee compensation and benefits	$ 35,572	$ 20,529
Advertising	2,210	2,076
Self-insurance reserves	8,258	8,117
Reserves for customer returns and remakes	6,582	4,645
Capital expenditures	13,980	14,078
Legacy management and services agreement	5,237	5,383
Fair value of derivative liabilities	3,757	3,130
Supplies and other store support expenses	3,579	4,929
Litigation settlements	3,916	3,938
Other	14,577	14,179
Total other payables and accrued expenses	$ 97,668	$ 81,004

Details of Certain Balance Sh_7

Details of Certain Balance Sheet Accounts - Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Other non-current liabilities:
Fair value of derivative liabilities	$ 4,151	$ 3,505
Tenant improvements	0	30,851
Deferred rental expenses		11,926
Self-insurance reserves	5,159	5,114
Other	2,213	2,568
Total other non-current liabilities	$ 11,523	$ 53,964

Fair Value Measurements of Fi_3

Fair Value Measurements of Financial Assets and Liabilities - Narrative (Details) - Level 2 - USD ($) $ in Millions	Mar. 30, 2019	Dec. 29, 2018
Term Loan | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instruments	$ 558.2	$ 556.1
Term Loan | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instruments	552.8	553.6
Finance Lease Obligations | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instruments	40	30.7
Finance Lease Obligations | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instruments	$ 34.1	$ 24.5

Fair Value Measurements of Fi_4

Fair Value Measurements of Financial Assets and Liabilities - Interest Rate Derivatives (Details)	Mar. 30, 2019USD ($)agreement	Dec. 29, 2018USD ($)	Mar. 31, 2018USD ($)
Derivative [Line Items]
Estimated reclassification from AOCL to earnings in next 12 months	$ 2,800,000
Interest Rate Swap | Cash Flow Hedges
Derivative [Line Items]
Number of interest rate swap agreements | agreement	3
Derivative interest rate floor	1.00%
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Notional amount	$ 430,000,000	$ 465,000,000
Interest Rate Swap One | Designated as Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Notional amount		$ 140,000,000	$ 105,000,000

Fair Value Measurements of Fi_5

Fair Value Measurements of Financial Assets and Liabilities - Cash Flow Hedge Position of Interest Rate Derivative Contracts (Details) - USD ($)	Mar. 30, 2019	Dec. 29, 2018
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities, current	$ 3,757,000	$ 3,130,000
Fair value of derivative liabilities, noncurrent	4,151,000	3,505,000
Stranded tax benefit in AOCL	2,100,000
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Notional amount	430,000,000	465,000,000
Hedge position in AOCL, net of tax	$ 3,757,000	$ 2,810,000

Stock Incentive Plans - Stock O

Stock Incentive Plans - Stock Option Activity (Details)	3 Months Ended
	Mar. 30, 2019shares
Service-based options
Options outstanding
Outstanding, beginning balance (shares)	2,583,380
Granted (in shares)	254,712
Exercised (shares)	(6,284)
Forfeited (shares)	0
Outstanding, ending balance (shares)	2,831,808
Vested and exercisable (in shares)	1,900,111
Performance-based options
Options outstanding
Outstanding, beginning balance (shares)	4,143,781
Granted (in shares)	0
Exercised (shares)	(36,459)
Forfeited (shares)	(42,161)
Outstanding, ending balance (shares)	4,065,161
Vested and exercisable (in shares)	1,724,551

Stock Incentive Plans - Restric

Stock Incentive Plans - Restricted Stock Unit and Award Activity (Details)	3 Months Ended
	Mar. 30, 2019shares
Service-based restricted stock unit (RSU) awards
Outstanding Restricted Stock Units and Awards
Outstanding, beginning balance (shares)	98,076
Granted (shares)	101,014
Vested (shares)	0
Forfeited (shares)	(2,823)
Outstanding, ending balance (shares)	196,267
Performance-based restricted stock unit (PSU) awards
Outstanding Restricted Stock Units and Awards
Outstanding, beginning balance (shares)	0
Granted (shares)	102,936
Vested (shares)	0
Forfeited (shares)	0
Outstanding, ending balance (shares)	102,936
Restricted stock (RSA) awards
Outstanding Restricted Stock Units and Awards
Outstanding, beginning balance (shares)	11,431
Granted (shares)	0
Vested (shares)	(787)
Forfeited (shares)	0
Outstanding, ending balance (shares)	10,644

Stock Incentive Plans - Narrati

Stock Incentive Plans - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 30, 2019USD ($)installment$ / shares
Service-based options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equal vesting installments | installment	3
Vesting amount in each equal installment (percent)	33.33%
Unrecognized compensation cost | $	$ 3.5
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equal vesting installments | installment	3
Unrecognized compensation cost | $	$ 3.4
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share) | $ / shares	$ 35.19
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price for options exercised (in dollars per share) | $ / shares	4.71
Weighted average grant date fair value for options granted (in dollars per share) | $ / shares	$ 14.22
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 3.5

Stock Incentive Plans - Stock C

Stock Incentive Plans - Stock Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 2,976	$ 1,596
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	2,352	1,190
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	555	391
RSAs
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	33	15
Associate stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 36	$ 0

Related Party Transactions - Eq

Related Party Transactions - Equity in Net Assets of Non-Consolidated Investee (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018	Dec. 29, 2018	Aug. 29, 2017
Related Party Transaction [Line Items]
Licensing fees in SG&A		$ 0.2
Equity Method Investee
Related Party Transaction [Line Items]
Interest in investee's net losses	$ 0.6	$ 0.2
Equity method investment	$ 0.4		$ 1
Loan receivable				$ 1.5

Revenue From Contracts with C_3

Revenue From Contracts with Customers - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net revenue	$ 461,215	$ 407,975
Revenues recognized at a point in time
Disaggregation of Revenue [Line Items]
Net revenue	424,214	372,765
Revenues recognized over time
Disaggregation of Revenue [Line Items]
Net revenue	$ 37,001	$ 35,210

Revenue From Contracts with C_4

Revenue From Contracts with Customers - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Time frame for majority of payments on health care plans and programs accounts (in days)	90 days
Bad debt expense	$ 2,021	$ 1,620
Deferred revenue	77,000
Previously deferred revenue recognized	$ 27,700	$ 25,900
Minimum
Disaggregation of Revenue [Line Items]
General payment terms for accounts on health care plans and programs (in days)	14 days
Unearned revenue, estimated delivery time for period end calculation (in days)	4 days
Maximum
Disaggregation of Revenue [Line Items]
General payment terms for accounts on health care plans and programs (in days)	120 days
Unearned revenue, estimated delivery time for period end calculation (in days)	10 days

Revenue From Contracts with C_5

Revenue From Contracts with Customers - Unsatisfied Performance Obligations (Details) $ in Millions	3 Months Ended
	Mar. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-03-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 47.4
Performance obligations expected to be satisfied, expected timing	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 21
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 7.8
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 0.7
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 0.1
Performance obligations expected to be satisfied, expected timing

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 30, 2019	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016	Dec. 30, 2018
Lessee, Lease, Description [Line Items]
Finance lease assets, accumulated amortization	$ 4.9				$ 4.1
Variable lease-related executory costs		$ 18	$ 14.9	$ 13.9
Minimum
Lessee, Lease, Description [Line Items]
Term of U.S. Treasuries for borrowing rate considered in determination of lease discount rate	5 years
Maximum
Lessee, Lease, Description [Line Items]
Term of U.S. Treasuries for borrowing rate considered in determination of lease discount rate	10 years
Stores, laboratories, distribution centers, offices | Minimum
Lessee, Lease, Description [Line Items]
Lease terms (in years)	5 years
Renewal terms (in years)	1 year
Stores, laboratories, distribution centers, offices | Maximum
Lessee, Lease, Description [Line Items]
Lease terms (in years)	10 years
Renewal terms (in years)	10 years

Leases - Lease Type and Classif

Leases - Lease Type and Classification (Details) $ in Thousands	Mar. 30, 2019USD ($)
ASSETS
Finance lease, right-of-use assets	$ 28,192
Operating lease, right-of-use assets	330,637
Total leased assets	358,829
TIA treated as reduction of lease payments used to measure operating lease ROU assets	30,200
LIABILITIES
Finance lease liability, current	3,484
Operating lease liability, current	55,967
Finance lease liabilities, non-current	30,614
Operating lease liabilities, non-current	314,282
Total lease liabilities	$ 404,347

Leases - Lease Costs (Details)

Leases - Lease Costs (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Lease Cost
Operating lease cost	$ 18,163
Variable lease cost	6,466
Sublease income	(962)
Amortization of lease assets	978
Interest on lease liabilities	890
Net lease cost	$ 25,535

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Details)	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Operating leases, weighted average remaining lease term (months)	83 months
Finance leases, weighted average remaining lease term (months)	83 months
Operating leases, weighted average discount rate (percent)	4.60%
Finance leases, weighted average discount rate (percent)	13.60%

Leases - Other Information (Det

Leases - Other Information (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows - operating leases	$ 18,146

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities (Details) $ in Thousands	Mar. 30, 2019USD ($)
Operating Leases
2019	$ 55,994
2020	70,545
2021	63,551
2022	56,707
2023	50,088
Thereafter	138,267
Total lease payments	435,152
Less: Interest	64,903
Present value of lease liabilities	370,249
Finance Leases
2019	5,435
2020	6,984
2021	6,876
2022	6,810
2023	5,828
Thereafter	17,866
Total lease payments	49,799
Less: Interest	15,701
Present value of lease liabilities	34,098
Operating lease payments related to reasonably certain option extensions included in total lease payments	79,800
Minimum lease payments for leases signed but not yet commenced excluded from lease liability	$ 29,600

Leases - Aggregate Future Renta

Leases - Aggregate Future Rental Payments Under Operating Leases at Prior Year End (Details) $ in Thousands	Dec. 29, 2018USD ($)
Leases [Abstract]
2019	$ 69,372
2020	63,218
2021	56,219
2022	49,303
2023	42,545
Thereafter	126,388
Total future minimum rental payments	$ 407,045

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - 1-800 Contacts Matter - USD ($) $ in Millions	Nov. 08, 2017	May 31, 2017	Jul. 01, 2017
Loss Contingencies [Line Items]
Amount of litigation settlement		$ 7
Litigation settlement			$ 7
Percent of settlement award deposited in escrow account (percent)	50.00%
Amount of settlement deposited in escrow account	$ 3.5

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)segment	Mar. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Net revenue	$ 461,215	$ 407,975
Legacy | Management of operations
Segment Reporting Information [Line Items]
Net revenue	$ 9,300	$ 9,300
Customer Concentration Risk | Sales revenue
Segment Reporting Information [Line Items]
Concentration risk (percent)	9.70%

Segment Reporting - Financial D

Segment Reporting - Financial Data by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Total net revenue	$ 461,215	$ 407,975
Total costs applicable to revenue	211,969	180,454
SG&A	193,876	170,689
Asset impairment	2,082	0
Other expense, net	473	122
EBITDA	52,815	56,710
Depreciation and amortization	20,415	17,862
Interest expense, net	9,061	9,313
Earnings before income taxes	23,339	29,535
Products
Segment Reporting Information [Line Items]
Total net revenue	383,160	338,777
Total costs applicable to revenue	154,004	130,878
Services and plans
Segment Reporting Information [Line Items]
Total net revenue	78,055	69,198
Total costs applicable to revenue	57,965	49,576
Operating Segments | Owned & Host
Segment Reporting Information [Line Items]
Total net revenue	365,220	320,397
Total costs applicable to revenue	136,910	117,804
SG&A	133,213	118,524
Asset impairment	0
Other expense, net	0	0
EBITDA	95,097	84,069
Operating Segments | Owned & Host | Products
Segment Reporting Information [Line Items]
Total net revenue	296,919	261,621
Total costs applicable to revenue	85,246	74,158
Operating Segments | Owned & Host | Services and plans
Segment Reporting Information [Line Items]
Total net revenue	68,301	58,776
Total costs applicable to revenue	51,664	43,646
Operating Segments | Legacy
Segment Reporting Information [Line Items]
Total net revenue	44,578	42,758
Total costs applicable to revenue	20,431	17,851
SG&A	14,237	13,478
Asset impairment	0
Other expense, net	0	0
EBITDA	9,910	11,429
Operating Segments | Legacy | Products
Segment Reporting Information [Line Items]
Total net revenue	30,141	29,109
Total costs applicable to revenue	14,130	12,888
Operating Segments | Legacy | Services and plans
Segment Reporting Information [Line Items]
Total net revenue	14,437	13,649
Total costs applicable to revenue	6,301	4,963
Operating Segments | Corporate/Other
Segment Reporting Information [Line Items]
Total net revenue	63,881	51,833
Total costs applicable to revenue	56,595	45,277
SG&A	46,426	38,687
Asset impairment	2,082
Other expense, net	473	122
EBITDA	(41,695)	(32,253)
Operating Segments | Corporate/Other | Products
Segment Reporting Information [Line Items]
Total net revenue	63,875	50,779
Total costs applicable to revenue	56,595	44,310
Operating Segments | Corporate/Other | Services and plans
Segment Reporting Information [Line Items]
Total net revenue	6	1,054
Total costs applicable to revenue	0	967
Reconciling Items
Segment Reporting Information [Line Items]
Total net revenue	(12,464)	(7,013)
Total costs applicable to revenue	(1,967)	(478)
SG&A	0	0
Asset impairment	0
Other expense, net	0	0
EBITDA	(10,497)	(6,535)
Reconciling Items | Products
Segment Reporting Information [Line Items]
Total net revenue	(7,775)	(2,732)
Total costs applicable to revenue	(1,967)	(478)
Reconciling Items | Services and plans
Segment Reporting Information [Line Items]
Total net revenue	(4,689)	(4,281)
Total costs applicable to revenue	$ 0	$ 0

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Basic and Diluted EPS Calculations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net income	$ 17,429	$ 24,455
Weighted average shares outstanding for basic EPS	78,205	74,714
Effect of dilutive securities:
Stock options	3,221	3,033
Restricted stock	40	90
Weighted average shares outstanding for diluted EPS	81,466	77,837
Basic EPS (in usd per share)	$ 0.22	$ 0.33
Diluted EPS (in usd per share)	$ 0.21	$ 0.31
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options outstanding excluded from EPS	356	0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	$ 743,154	$ 654,600
Ending balance	762,580	705,698
Cash Flow Hedges
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	(2,810)	(9,868)
Other comprehensive income (loss) before reclassification	(2,188)	4,093
Tax effect of other comprehensive income (loss) before reclassification	561	(1,048)
Amount reclassified from AOCL into interest expense	915	2,123
Tax effect of amount reclassified from AOCL into interest expense	(235)	(544)
Net current period other comprehensive income (loss), net of tax	(947)	4,624
Ending balance	$ (3,757)	$ (5,244)

Uncategorized Items - eye-20190

Label	Element	Value
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 673,630,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	742,648,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	1,570,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 1,346,000
Common Stock [Member]
Shares Outstanding, Adjusted Balance	eye_SharesOutstandingAdjustedBalance	74,654,000
Shares Outstanding, Adjusted Balance	eye_SharesOutstandingAdjustedBalance	78,167,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 746,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	782,000
Treasury Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(233,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(2,161,000)
AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(9,868,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(2,810,000)
Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	631,798,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	672,503,000
Retained Earnings [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	51,187,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 74,334,000