XML 47 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2

Stock-based Compensation and Other Stock Plans (Tables)

6 Months Ended

Jul. 02, 2016

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 the six month periods ended July 2, 2016, and July 4, 2015, using the Black-Scholes valuation model; there were no stock options granted during the three month periods ended July 2, 2016, or July 4, 2015:

		Six Months Ended
		July 2, 2016				July 4, 2015
Expected term of option (in years)			5.05				4.76
Expected volatility factor			22.17	%			24.13	%
Expected dividend yield			1.77	%			2.04	%
Risk-free interest rate			1.04	%			1.38	%

Summary of Stock Option Activity

A summary of stock option activity as of and for the six month period ended July 2, 2016, is presented below:

		Shares (in thousands)				Exercise Price Per Share*				Remaining Contractual Term* (in years)				Aggregate Intrinsic Value (in millions)
Outstanding at January 2, 2016			2,811			$	88.62
Granted			644				138.04
Exercised			(225	)			77.32
Forfeited or expired			(24	)			132.68
Outstanding at July 2, 2016			3,206				99.00				6.9			$	189.2
Exercisable at July 2, 2016			1,967				75.89				5.7				161.5

* Weighted-average

Nonvested Performance Shares [Member]

Summary of Changes in Non-Vested Performance Awards

Changes to the company’s non-vested performance awards during the six month period ended July 2, 2016, are as follows:

		Shares (in thousands)				Fair Value Price per Share*
Non-vested performance awards at January 2, 2016			265			$	124.16
Granted			90				138.89
Vested			—				—
Cancellations and other			(12	)			113.79
Non-vested performance awards at July 2, 2016			343				128.44

* 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 the six month periods ended July 2, 2016, and July 4, 2015, using the Black-Scholes valuation model; 

		Six Months Ended
		July 2, 2016				July 4, 2015
Expected term of stock-settled SARs (in years)			4.03				4.72
Expected volatility factor			20.09	%			23.67	%
Expected dividend yield			1.66	%			2.04	%
Risk-free interest rate			1.11	%			1.50	%

Summary of Changes in SARs

Changes to the company’s stock-settled SARs during the six month period ended July 2, 2016, are as follows:

		Stock-settled SARs (in thousands)				Exercise Price Per Share*				Remaining Contractual Term* (in years)				Aggregate Intrinsic Value (in millions)
Outstanding at January 2, 2016			269			$	113.70
Granted			101				138.05
Exercised			(10	)			88.38
Forfeited or expired			(18	)			99.85
Outstanding at July 2, 2016			342				122.47				8.3			$	12.1
Exercisable at July 2, 2016			142				104.05				7.4				7.6

* 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 the six month periods ended July 2, 2016, and July 4, 2015, using the Black-Scholes valuation model;

		Six Months Ended
		July 2, 2016				July 4, 2015
Expected term of cash-settled SARs (in years)			3.68				3.62
Expected volatility factor			19.20	%			23.08	%
Expected dividend yield			1.60	%			1.85	%
Risk-free interest rate			0.71	%			1.01	%

Summary of Changes in SARs

Changes to the company’s non-vested cash-settled SARs during the six month period ended July 2, 2016, are as follows:

		Cash-settled SARs (in thousands)				Fair Value Price per Share*
Non-vested cash-settled SARs at January 2, 2016			7			$	51.71
Granted			4				28.76
Vested			(4	)			49.48
Non-vested cash-settled SARs at July 2, 2016			7				30.24

* Weighted-average

X

- Definition

Share-based compensation arrangement by share-based payment award, fair value assumptions.

+ References

No definition available.

+ Details

Name:	sna_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTableTextBlock
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: