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Share Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
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 2022, 2021, and 2020, as well as a summary of the methodology applied to develop each assumption, are as follows:
| Fiscal Year
| 2022 |  | 2021 |  | 2020
Expected price volatility | 29.9% - 31.3% |  | 29.8% - 30.3% |  | 26.7% - 30.0%
Risk-free interest rate | 1.7% - 4.3% |  | 0.3% - 1.0% |  | 0.2% - 1.3%
Weighted average expected lives (in years) | 4.1 |  | 4.3 |  | 4.3
Forfeiture rate | 6.9 | % |  | 7.0 | % |  | 7.0 | %
Dividend yield | 1.6 | % |  | 1.5 | % |  | 1.5 | %
Summary of stock option activity | A summary of stock option activity is as follows:
Stock Option Activity |  | Options |  | Weighted Average Exercise Price |  | Weighted Average Fair Value |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value (in thousands)
Outstanding at December 25, 2021 |  | 1,168,311 |  |  | 95.85 |  |  |  |  | 6.9 |  | $ | 154,706 |
Granted |  | 141,803 |  |  | 220.70 |  |  | $ | 49.69 |  |  |  |  |
Exercised |  | (201,273) |  |  | 88.61 |  |  |  |  |  |  |
Canceled |  | (18,452) |  |  | 169.41 |  |  |  |  |  |  |
Outstanding at December 31, 2022 |  | 1,090,389 |  |  | $ | 112.18 |  |  |  |  | 6.3 |  | $ | 122,985 |
Exercisable at December 31, 2022 |  | 687,825 |  |  | $ | 87.03 |  |  |  |  | 5.2 |  | $ | 94,875 |
Other information relative to option activity | Other information relative to options activity during fiscal 2022, 2021, and 2020 is as follows (in thousands):
| Fiscal Year
| 2022 |  | 2021 |  | 2020
Total fair value of stock options vested | $ | 7,783 |  |  | $ | 8,478 |  |  | $ | 12,546 |
Total intrinsic value of stock options exercised | $ | 25,024 |  |  | $ | 90,532 |  |  | $ | 64,395 |
Restricted stock units activity | A summary of restricted stock unit activity is presented below:
Restricted Stock Unit Activity |  | Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Restricted at December 25, 2021 |  | 523,419 |  |  | $ | 115.59 |
Granted |  | 200,503 |  |  | 208.89 |
Vested |  | (233,777) |  |  | 111.34 |
Forfeited |  | (41,063) |  |  | 164.54 |
Restricted at December 31, 2022 |  | 449,082 |  |  | $ | 155.24 |
Other information relative to restricted unit activity | Other information relative to restricted stock unit activity during fiscal 2022, 2021, and 2020 is as follows (in thousands):
| Fiscal Year
| 2022 |  | 2021 |  | 2020
Total grant date fair value of restricted stock units vested and issued | $ | 26,031 |  |  | $ | 25,222 |  |  | $ | 17,935 |
Total intrinsic value of restricted stock units vested and issued | $ | 50,532 |  |  | $ | 47,136 |  |  | $ | 23,011 |
Performance-based Share Unit Activity | A summary of performance-based restricted share unit activity is presented below:
Performance-Based Restricted Share Unit Activity |  |  |  |  | Performance-Based Restricted Share Units |  | Weighted Average Grant Date Fair Value
Restricted at December 25, 2021 |  |  |  |  | 187,018 |  |  | $ | 107.99 |
Granted (a) |  |  |  |  | 53,222 |  |  | 223.76 |
Performance adjustment |  |  |  |  | 78,356 |  |  | 90.00 |
Vested |  |  |  |  | (156,712) |  |  | 90.00 |
Forfeited |  |  |  |  | (6,285) |  |  | 196.11 |
Restricted at December 31, 2022 |  |  |  |  | 155,599 |  |  | $ | 155.02 |
(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.

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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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