Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 30, 2022 | |
Cover [Abstract] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Registrant Name | Exponent, Inc. |
Entity Central Index Key | 0000851520 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Dec. 30, 2022 | Dec. 31, 2021 | Jan. 01, 2021 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | PAY VERSUS PERFORMANCE DISCLOSURE The following table provides information on compensation for the principal executive officer (“PEO”), the average compensation for the other Named Executive Officers (“Non-PEO NEOs”) and certain measures of the Company’s financial performance for the last three fiscal years ended December 30, 2022: Value of Initial Fixed $100 Investment Based on: Year Summary Compensation Table Total for PEO ($)(1) Compensation Actually Paid to PEO ($)(1)(2) Average Summary Compensation Table Total for Non-PEO NEOs ($)(1) Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(2) Total Shareholder Return Peer Group Total Shareholder Return Net Income EBITDA 2022 3,589,062 2,322,702 1,626,994 1,245,805 145 118 102,330 137,217 2021 3,022,417 5,151,590 1,500,913 2,165,705 169 141 101,202 132,258 2020 2,674,793 4,300,765 1,362,236 1,938,548 129 111 82,552 102,102 (1) Dr. Corrigan was the PEO in 2022, 2021 and 2020. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Pye were the non-PEO NEOs in 2022. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Doyle were the non-PEO NEOs in 2021. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. James were the non-PEO NEOs in 2020. (2) The value of the “compensation actually paid” to our PEO and Non-PEO NEOs reflect the following adjustments from the Summary Compensation Table: Compensation Actually Paid Principal Executive Officer (PEO) NON PEO Named Executive Officers (NEO) 2022 2021 2020 2022 2021 2020 Summary Compensation Table (SCT) Total $ 3,589,062 $ 3,022,417 $ 2,674,793 $ 1,626,994 $ 1,500,913 $ 1,362,236 Stock and option award values reported in the SCT $ ( 1,799,624 ) $ ( 1,306,442 ) $ ( 1,313,446 ) $ ( 689,978 ) $ ( 598,564 ) $ ( 533,908 ) The year-end fair value of any outstanding and unvested stock awards granted during the year $ 630,014 $ 472,173 $ 558,636 $ 309,756 $ 439,051 $ 302,614 The year-end fair value of any outstanding and unvested option awards granted during the year $ 829,168 $ 823,548 $ 565,645 $ 138,195 $ 137,255 $ 94,274 The change in fair value as of the vesting date (from the end of the prior year) of any stock awards that vest during the year $ ( 151,729 ) $ 64,616 $ 46,330 $ ( 101,156 ) $ 39,656 $ 12,486 The change in fair value as of the vesting date (from the end of the prior year) of any option awards that vest during the year $ ( 639,842 ) $ 121,119 $ 226,967 $ ( 122,616 ) $ 23,925 $ 43,974 The change in year-end fair value (from the end of the prior year) of any outstanding and unvested stock awards granted in prior years $ ( 304,608 ) $ 552,717 $ 430,383 $ ( 138,787 ) $ 276,298 $ 281,911 The change in year-end fair value (from the end of the prior year) of any outstanding and unvested option awards granted in prior years $ ( 429,807 ) $ 1,001,391 $ 691,441 $ ( 71,635 ) $ 182,601 $ 147,438 'The dollar value of stock awards that were both granted and vested during the year $ 600,068 $ 400,051 $ 420,016 $ 295,032 $ 164,570 $ 227,523 The dollar value of any dividends or other earnings paid on stock or option awards during the year (prior to vesting) that are not otherwise reflected — — — — — — Compensation Actually Paid $ 2,322,702 $ 5,151,590 $ 4,300,765 $ 1,245,805 $ 2,165,705 $ 1,938,548 (3) Amounts represent the cumulative Total Shareholder Return ("TSR") for Exponent calculated and presented as the dollar value of an investment of $100 made on January 1, 2020, assuming dividend reinvestment. (4) Amounts represent the cumulative TSR for the S&P 600 Small Cap Index as "Peer Group" calculated and presented as the dollar value of an investment of $100 made on January 1, 2020, assuming dividend reinvestment. (5) Net Income is calculated in accordance with generally accepted accounting principles. (6) EBITDA is our company-selected measure and is defined as net income before income taxes, interest income, depreciation and amortization. | ||
Company Selected Measure Name | EBITDA | ||
Named Executive Officers, Footnote [Text Block] | (1) Dr. Corrigan was the PEO in 2022, 2021 and 2020. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Pye were the non-PEO NEOs in 2022. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. Doyle were the non-PEO NEOs in 2021. Mr. Schlenker, Dr. Murray, Dr. Reitman and Dr. James were the non-PEO NEOs in 2020. | ||
Peer Group Issuers, Footnote [Text Block] | (4) Amounts represent the cumulative TSR for the S&P 600 Small Cap Index as "Peer Group" calculated and presented as the dollar value of an investment of $100 made on January 1, 2020, assuming dividend reinvestment. | ||
PEO Total Compensation Amount | $ 3,589,062 | $ 3,022,417 | $ 2,674,793 |
PEO Actually Paid Compensation Amount | $ 2,322,702 | 5,151,590 | 4,300,765 |
Adjustment To PEO Compensation, Footnote [Text Block] | Compensation Actually Paid Principal Executive Officer (PEO) NON PEO Named Executive Officers (NEO) 2022 2021 2020 2022 2021 2020 Summary Compensation Table (SCT) Total $ 3,589,062 $ 3,022,417 $ 2,674,793 $ 1,626,994 $ 1,500,913 $ 1,362,236 Stock and option award values reported in the SCT $ ( 1,799,624 ) $ ( 1,306,442 ) $ ( 1,313,446 ) $ ( 689,978 ) $ ( 598,564 ) $ ( 533,908 ) The year-end fair value of any outstanding and unvested stock awards granted during the year $ 630,014 $ 472,173 $ 558,636 $ 309,756 $ 439,051 $ 302,614 The year-end fair value of any outstanding and unvested option awards granted during the year $ 829,168 $ 823,548 $ 565,645 $ 138,195 $ 137,255 $ 94,274 The change in fair value as of the vesting date (from the end of the prior year) of any stock awards that vest during the year $ ( 151,729 ) $ 64,616 $ 46,330 $ ( 101,156 ) $ 39,656 $ 12,486 The change in fair value as of the vesting date (from the end of the prior year) of any option awards that vest during the year $ ( 639,842 ) $ 121,119 $ 226,967 $ ( 122,616 ) $ 23,925 $ 43,974 The change in year-end fair value (from the end of the prior year) of any outstanding and unvested stock awards granted in prior years $ ( 304,608 ) $ 552,717 $ 430,383 $ ( 138,787 ) $ 276,298 $ 281,911 The change in year-end fair value (from the end of the prior year) of any outstanding and unvested option awards granted in prior years $ ( 429,807 ) $ 1,001,391 $ 691,441 $ ( 71,635 ) $ 182,601 $ 147,438 'The dollar value of stock awards that were both granted and vested during the year $ 600,068 $ 400,051 $ 420,016 $ 295,032 $ 164,570 $ 227,523 The dollar value of any dividends or other earnings paid on stock or option awards during the year (prior to vesting) that are not otherwise reflected — — — — — — Compensation Actually Paid $ 2,322,702 $ 5,151,590 $ 4,300,765 $ 1,245,805 $ 2,165,705 $ 1,938,548 | ||
Non-PEO NEO Average Total Compensation Amount | $ 1,626,994 | 1,500,913 | 1,362,236 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,245,805 | 2,165,705 | 1,938,548 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | Compensation Actually Paid Principal Executive Officer (PEO) NON PEO Named Executive Officers (NEO) 2022 2021 2020 2022 2021 2020 Summary Compensation Table (SCT) Total $ 3,589,062 $ 3,022,417 $ 2,674,793 $ 1,626,994 $ 1,500,913 $ 1,362,236 Stock and option award values reported in the SCT $ ( 1,799,624 ) $ ( 1,306,442 ) $ ( 1,313,446 ) $ ( 689,978 ) $ ( 598,564 ) $ ( 533,908 ) The year-end fair value of any outstanding and unvested stock awards granted during the year $ 630,014 $ 472,173 $ 558,636 $ 309,756 $ 439,051 $ 302,614 The year-end fair value of any outstanding and unvested option awards granted during the year $ 829,168 $ 823,548 $ 565,645 $ 138,195 $ 137,255 $ 94,274 The change in fair value as of the vesting date (from the end of the prior year) of any stock awards that vest during the year $ ( 151,729 ) $ 64,616 $ 46,330 $ ( 101,156 ) $ 39,656 $ 12,486 The change in fair value as of the vesting date (from the end of the prior year) of any option awards that vest during the year $ ( 639,842 ) $ 121,119 $ 226,967 $ ( 122,616 ) $ 23,925 $ 43,974 The change in year-end fair value (from the end of the prior year) of any outstanding and unvested stock awards granted in prior years $ ( 304,608 ) $ 552,717 $ 430,383 $ ( 138,787 ) $ 276,298 $ 281,911 The change in year-end fair value (from the end of the prior year) of any outstanding and unvested option awards granted in prior years $ ( 429,807 ) $ 1,001,391 $ 691,441 $ ( 71,635 ) $ 182,601 $ 147,438 'The dollar value of stock awards that were both granted and vested during the year $ 600,068 $ 400,051 $ 420,016 $ 295,032 $ 164,570 $ 227,523 The dollar value of any dividends or other earnings paid on stock or option awards during the year (prior to vesting) that are not otherwise reflected — — — — — — Compensation Actually Paid $ 2,322,702 $ 5,151,590 $ 4,300,765 $ 1,245,805 $ 2,165,705 $ 1,938,548 | ||
Compensation Actually Paid vs. Net Income [Text Block] | Relationship Between CAP and Company Net Income Compensation Actually Paid ($) 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2020 2021 2022 120 100 80 60 40 20 - Net Income (dollars in millions) PEO Actual Pay Ave. Non-PEO Actual Pay Net Income | ||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | Relationship Between CAP and Company EBITDA Compensation Actually Paid ($) 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2020 2021 2022 160 140 120 100 80 60 40 20- EBITDA (dollars in millions) PEO Actual Pay Ave. Non-PEO Actual Pay EBITDA | ||
Total Shareholder Return Vs Peer Group [Text Block] | Relationship Between CAP and Company TSR and Peer Group TSR Compensation Actually Paid ($) 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2019 2020 2021 2022180 160 140 120 100 80 60 40 20 - Total Shareholder Return PEO Actual Pay Company TSR Ave. Non-PEO Actual Pay Peer Group TSR | ||
Tabular List [Table Text Block] | Performance Measures. The following table lists the most important financial performance measures used to link CAP to the PEO and Non-PEO NEOs for the fiscal year ended December 30, 2022: EBITDA Revenues before reimbursement growth EBITDA margin | ||
Total Shareholder Return Amount | $ 145 | 169 | 129 |
Peer Group Total Shareholder Return Amount | 118 | 141 | 111 |
Net Income (Loss) | $ 102,330,000 | $ 101,202,000 | $ 82,552,000 |
Company Selected Measure Amount | 137,217,000 | 132,258,000 | 102,102,000 |
PEO Name | Dr. Corrigan | Dr. Corrigan | Dr. Corrigan |
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | EBITDA | ||
Non-GAAP Measure Description [Text Block] | EBITDA is our company-selected measure and is defined as net income before income taxes, interest income, depreciation and amortization. | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Revenues before reimbursement growth | ||
Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | EBITDA margin | ||
PEO [Member] | Stock and option award values reported in the SCT [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (1,799,624) | $ (1,306,442) | $ (1,313,446) |
PEO [Member] | Year-end Fair Value Of Any Outstanding And Unvested Stock Awards Granted During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 630,014 | 472,173 | 558,636 |
PEO [Member] | Year-end Fair Value Of Any Outstanding And Unvested Option Awards Granted During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 829,168 | 823,548 | 565,645 |
PEO [Member] | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Stock Awards That Vest During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (151,729) | 64,616 | 46,330 |
PEO [Member] | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Option Awards That Vest During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (639,842) | 121,119 | 226,967 |
PEO [Member] | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Stock Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (304,608) | 552,717 | 430,383 |
PEO [Member] | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Option Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (429,807) | 1,001,391 | 691,441 |
PEO [Member] | Dollar Value Of Stock Awards That Were Both Granted And Vested During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 600,068 | 400,051 | 420,016 |
Non-PEO NEO [Member] | Stock and option award values reported in the SCT [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (689,978) | (598,564) | (533,908) |
Non-PEO NEO [Member] | Year-end Fair Value Of Any Outstanding And Unvested Stock Awards Granted During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 309,756 | 439,051 | 302,614 |
Non-PEO NEO [Member] | Year-end Fair Value Of Any Outstanding And Unvested Option Awards Granted During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 138,195 | 137,255 | 94,274 |
Non-PEO NEO [Member] | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Stock Awards That Vest During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (101,156) | 39,656 | 12,486 |
Non-PEO NEO [Member] | Change In Fair Value As Of The Vesting Date (From The End Of The Prior Year) Of Any Option Awards That Vest During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (122,616) | 23,925 | 43,974 |
Non-PEO NEO [Member] | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Stock Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (138,787) | 276,298 | 281,911 |
Non-PEO NEO [Member] | Change In Year-end Fair Value (From The End Of The Prior Year) Of Any Outstanding And Unvested Option Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (71,635) | 182,601 | 147,438 |
Non-PEO NEO [Member] | Dollar Value Of Stock Awards That Were Both Granted And Vested During The Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 295,032 | $ 164,570 | $ 227,523 |