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Stockholders’ Equity (Tables)

12 Months Ended

Jan. 01, 2023

Share-Based Payment Arrangement [Abstract]

Common Stock and Treasury Stock Share Activity

Common stock and treasury stock activity:						Common Stock						Treasury Stock
Balance, December 29, 2019						37,697,865						1,149,899
Issued						—						(403,641)
Balance, January 3, 2021						37,697,865						746,258
Issued						9,496,901						(243,788)
Balance, January 2, 2022						47,194,766						502,470
Issued						—						(220,339)
Balance, January 1, 2023						47,194,766						282,131

Stock Options Valuation Assumptions

Stock option valuation assumptions:									2022						2021						2020
Expected dividend yield									n/a						n/a						n/a
Expected volatility									26.5%						27.8%						23.7%
Risk-free interest rate									3.33%						0.09% to 1.58%						1.50% to 1.75%
Expected life in years									6.4						5.2						6.6

Stock Option Transactions for Stock Option Plans

Stock option transactions for Teledyne’s stock option plans are summarized as follows:

			2022												2021												2020
			Shares						Weighted Average Exercise Price						Shares						Weighted Average Exercise Price						Shares						Weighted Average Exercise Price
Beginning balance			1,793,857						$	206.08					1,819,147						$	170.10					1,988,576						$	130.67
Granted			135,751						$	360.39					211,973						$	440.48					247,273						$	382.91
Exercised			(179,828)						$	131.44					(213,384)						$	118.55					(382,554)						$	95.22
Canceled or expired			(23,049)						$	397.36					(23,879)						$	328.15					(34,148)						$	252.43
Ending balance			1,726,731						$	223.43					1,793,857						$	206.08					1,819,147						$	170.10
Options exercisable at end of period			1,395,949						$	182.53					1,328,191						$	148.73					1,242,786						$	118.57

Stock Options Outstanding and Stock Options Exercisable Under Stock Option Plans

The following table provides certain information with respect to stock options outstanding and stock options exercisable at January 1, 2023, under the stock option plans.

						Stock Options Outstanding																		Stock Options Exercisable
Range of Exercise Prices						Shares						Weighted Average Exercise Price						Remaining life in years						Shares						Weighted Average Exercise Price
$40.70-$99.99						395,285						$	84.21					2.0						395,285						$	84.21
$100.00-$199.99						519,692						$	153.53					4.6						519,692						$	153.53
$200.00-$299.99						279,956						$	217.67					6.1						279,956						$	217.67
$300.00-$399.99						338,503						$	373.88					8.2						135,248						$	382.91
$400.00-$445.21						193,295						$	440.89					8.7						65,768						$	440.90
						1,726,731						$	223.43					5.4						1,395,949						$	182.53

Summary of Restricted Stock Activity

The following table shows restricted stock award activity:

						Employee Time-Based Restricted Stock Units												Employee Performance-Based Restricted Stock Awards												Non-Employee Directors Restricted Stock Units
Restricted Stock:						Shares						Weighted average fair value per share						Shares						Weighted average fair value per share						Shares						Weighted average fair value per share
Balance, December 29, 2019						—						$	—					56,412						$	158.62					$	9,067					$	199.90
Granted						—						$	—					10,080						$	360.33					3,692						$	312.41
Vested						—						$	—					(23,087)						$	114.74					(2,640)						$	249.72
Forfeited/Canceled						—						$	—					—						$	—					(353)						$	311.17
Balance, January 3, 2021						—						$	—					43,405						$	228.80					9,766						$	224.94
Granted						62,974						$	409.41					10,227						$	334.92					2,592						$	450.27
Vested						(8,720)						$	409.41					(15,423)						$	176.64					(5,300)						$	227.90
Forfeited/Canceled						(4,903)						$	409.41					(380)						$	176.64					—						$	—
Balance, January 2, 2022						49,351						$	409.41					37,829						$	279.27					7,058						$	308.54
Granted						89,472						$	360.39					19,492						$	427.51					3,904						$	451.13
Vested						(15,698)						$	409.41					(17,522)						$	200.00					(1,440)						$	450.27
Forfeited/Canceled						(5,653)						$	399.20					(398)						$	388.15					—						$	—
Balance, January 1, 2023						117,472						$	372.51					39,401						$	386.76					9,522						$	345.57

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