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Share Based Compensation (Tables)
 12 Months Ended
Dec. 25, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Key assumptions in fair value determination The ranges of key assumptions used in determining the fair value of options granted during fiscal 2021, 2020, and 2019, as well as a summary of the methodology applied to develop each assumption, are as follows:
 Fiscal Year
 202120202019
Expected price volatility
29.8% - 30.3%
26.7% - 30.0%
26.4% - 27.6%
Risk-free interest rate
0.3% - 1.0%
0.2% - 1.3%
1.6% - 2.5%
Weighted average expected lives (in years)4.34.34.5
Forfeiture rate7.0 %7.0 %7.3 %
Dividend yield1.5 %1.5 %1.4 %
Summary of stock option activity A summary of stock option activity is as follows:
Stock Option ActivityOptions
Weighted
Average Exercise
Price
Weighted Average Fair Value
Weighted Average
Remaining
Contractual Term
Aggregate Intrinsic Value
(in thousands)
Outstanding at December 26, 20201,932,410 80.44 5.8$128,411 
Granted248,808 145.87 $30.78 
Exercised(974,878)77.63 
Canceled(38,029)106.98 
Outstanding at December 25, 20211,168,311 $95.85 6.9$154,706 
Exercisable at December 25, 2021598,807 $77.15 5.4$90,489 
Other information relative to option activity
Other information relative to options activity during fiscal 2021, 2020, and 2019 is as follows (in thousands):

Fiscal Year
 202120202019
Total fair value of stock options vested$8,478 $12,546 $16,060 
Total intrinsic value of stock options exercised$90,532 $64,395 $45,101 
Restricted stock units activity A summary of restricted stock unit activity is presented below:
Restricted Stock Unit ActivityRestricted Stock UnitsWeighted Average Grant Date Fair Value
Restricted at December 26, 2020595,645 $85.27 
Granted276,268 144.52 
Vested(305,704)82.51 
Forfeited(42,790)118.70 
Restricted at December 25, 2021523,419 $115.59 
Other information relative to restricted unit activity
Other information relative to restricted stock unit activity during fiscal 2021, 2020, and 2019 is as follows (in thousands):
Fiscal Year
 202120202019
Total grant date fair value of restricted stock units vested and issued$25,222 $17,935 $8,301 
Total intrinsic value of restricted stock units vested and issued$47,136 $23,011 $10,623 
Performance-based Share Unit Activity
A summary of performance-based restricted share unit activity is presented below:

Performance-Based Restricted Share Unit ActivityPerformance-Based Restricted Share UnitsWeighted Average Grant Date Fair Value
Restricted at December 26, 2020143,268 $87.94 
Granted (a)
60,317 148.05 
Vested(10,015)64.70 
Forfeited(6,552)104.65 
Restricted at December 25, 2021187,018 $107.99 
(a)Assumes 100% target level achievement of the relative performance targets. The actual number of shares that will be issued, which may be higher or lower than the target, will be determined by the level of achievement of the relative performance targets, inclusive of the TSR modifier.