XML 75 R40.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Stock-based Compensation and Other Stock Plans (Tables) | 12 Months Ended
--- | ---
Jan. 03, 2015
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of stock options granted during 2014, 2013 and 2012, using the Black-Scholes valuation model:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Expected term of option (in years) |  |  | 4.52 |  |  |  | 4.29 |  |  |  | 5.36 |
Expected volatility factor |  |  | 26.76% |  |  |  | 33.79% |  |  |  | 36.93% |
Expected dividend yield |  |  | 2.40% |  |  |  | 2.67% |  |  |  | 2.72% |
Risk-free interest rate |  |  | 1.30% |  |  |  | 0.79% |  |  |  | 0.82% |
Summary of Stock Option Activity | A summary of stock option activity during 2014 is presented below:
|  | Shares (in thousands) |  |  | Exercise Price per Share* |  |  | Remaining Contractual Term* (in years) |  |  | Aggregate Intrinsic Value (in millions) |
Outstanding at beginning of year |  |  | 2,429 |  |  | $ | 58.35 |  |  |  |  |  |  |  |  |
Granted |  |  | 644 |  |  |  | 109.44 |  |  |  |  |  |  |  |  |
Exercised |  |  | (397) |  |  |  | 52.89 |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | (46) |  |  |  | 90.03 |  |  |  |  |  |  |  |  |
Outstanding at end of year |  |  | 2,630 |  |  |  | 71.13 |  |  |  | 6.8 |  |  | $ | 171.4 |
Exercisable at end of year |  |  | 1,407 |  |  |  | 53.42 |  |  |  | 5.4 |  |  |  | 116.6 |
* | Weighted-average
Nonvested Performance Shares [Member] |
Summary of Changes in Non-Vested Performance Awards | The changes to the company’s non-vested performance awards in 2014 are as follows:
|  | Shares (in thousands) |  |  | Fair Value Price per Share* |
Non-vested performance awards at beginning of year |  |  | 381 |  |  | $ | 68.13 |
Granted |  |  | 177 |  |  |  | 102.11 |
Vested |  |  | (225) |  |  |  | 60.04 |
Cancellations and other |  |  | (6) |  |  |  | 78.65 |
Non-vested performance awards at end of year |  |  | 327 |  |  |  | 91.92 |
* | Weighted-average
Cash-Settled Stock Appreciation Rights [Member] |
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of cash-settled SARs granted during 2014, 2013 and 2012 using the Black-Scholes valuation model:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Expected term of cash-settled SARs (in years) |  |  | 3.53 |  |  |  | 3.28 |  |  |  | 4.49 |
Expected volatility factor |  |  | 23.92% |  |  |  | 24.54% |  |  |  | 36.44% |
Expected dividend yield |  |  | 2.11% |  |  |  | 2.57% |  |  |  | 2.69% |
Risk-free interest rate |  |  | 1.07% |  |  |  | 0.79% |  |  |  | 0.72% |
Summary of Changes in SARs | Changes to the company’s non-vested cash-settled SARs in 2014 are as follows:
|  | Cash-settled SARs (in thousands) |  |  | Fair Value Price per Share* |
Non-vested cash-settled SARs at beginning of year |  |  | 126 |  |  | $ | 43.72 |
Granted |  |  | 4 |  |  |  | 32.86 |
Vested |  |  | (81) |  |  |  | 73.25 |
Cancellations |  |  | (2) |  |  |  | – |
Non-vested cash-settled SARs at end of year |  |  | 47 |  |  |  | 68.35 |
* | Weighted-average
Stock-Settled SARs [Member] |
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of stock-settled SARs granted during 2014 and 2013 using the Black-Scholes valuation model:
|  | 2014 |  |  | 2013 |
Expected term of stock-settled SARs (in years) |  |  | 4.49 |  |  |  | 4.24 |
Expected volatility factor |  |  | 25.64% |  |  |  | 33.92% |
Expected dividend yield |  |  | 2.40% |  |  |  | 2.67% |
Risk-free interest rate |  |  | 1.50% |  |  |  | 0.91%
Summary of Changes in SARs | A summary of stock-settled SARs activity in 2014 is presented below:
|  | Stock-settled SARs (in thousands) |  | Exercise Price per Share* |  | Remaining Contractual Term* (in years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at beginning of year |  |  |  | 122 |  |  |  | $ | 79.29 |  |  |  |  |  |  |  |  |  |  |
Granted |  |  |  | 116 |  |  |  |  | 109.98 |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  |  | (3) |  |  |  |  | 79.04 |  |  |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  |  | (12) |  |  |  |  | 80.97 |  |  |  |  |  |  |  |  |  |  |
Outstanding at end of year |  |  |  | 223 |  |  |  |  | 94.90 |  |  |  |  | 8.6 |  |  |  | $ | 9.2 |
Exercisable at end of year |  |  |  | 29 |  |  |  |  | 79.40 |  |  |  |  | 8.1 |  |  |  |  | 1.6 |
* | Weighted-average

X
- Definition Share-based compensation arrangement by share-based payment award, fair value assumptions. + References No definition available. + Details
Name: | sna_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTextBlock
Namespace Prefix: | sna_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=sna_NonvestedPerformanceSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=sna_StockSettledStockAppreciationRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |