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Share Based Compensation (Tables)
 12 Months Ended
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
 202220212020
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)4.14.34.3
Forfeiture rate6.9 %7.0 %7.0 %
Dividend yield1.6 %1.5 %1.5 %
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 25, 20211,168,311 95.85 6.9$154,706 
Granted141,803 220.70 $49.69 
Exercised(201,273)88.61 
Canceled(18,452)169.41 
Outstanding at December 31, 20221,090,389 $112.18 6.3$122,985 
Exercisable at December 31, 2022687,825 $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
 202220212020
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 ActivityRestricted Stock UnitsWeighted Average Grant Date Fair Value
Restricted at December 25, 2021523,419 $115.59 
Granted200,503 208.89 
Vested(233,777)111.34 
Forfeited(41,063)164.54 
Restricted at December 31, 2022449,082 $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
 202220212020
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 ActivityPerformance-Based Restricted Share UnitsWeighted Average Grant Date Fair Value
Restricted at December 25, 2021187,018 $107.99 
Granted (a)
53,222 223.76 
Performance adjustment78,356 90.00 
Vested(156,712)90.00 
Forfeited(6,285)196.11 
Restricted at December 31, 2022155,599 $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.