XML 59 R41.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Jan. 01, 2022
Share-based Payment Arrangement [Abstract] |
Schedule of share-based compensation, stock options, activity | The following table provides a reconciliation of outstanding stock options for the fiscal year ended January 1, 2022.
| Shares Under Option |  | Weighted Average Price |  | Weighted Average Remaining Contract Life (Years) |  | Aggregate Intrinsic Value (000’s)
Outstanding December 26, 2020 | 666,949 |  |  | $ | 148.01 |  |  |  |  |
Granted | 57,928 |  |  | 267.66 |  |  |  |  |
Exercised | (151,015) |  |  | 126.61 |  |  |  |  |
Forfeited | (10,636) |  |  | 151.93 |  |  |  |  |
Outstanding January 1, 2022 | 563,226 |  |  | 165.98 |  |  | 4.7 |  | $ | 83,749 |
Exercisable January 1, 2022 | 240,030 |  |  | 148.66 |  |  | 3.7 |  | 39,850 |
Schedule of nonvested restricted stock units activity | The following table provides a reconciliation of non-vested restricted share and share unit awards ("RSU") for the fiscal year ended January 1, 2022.
| Shares |  | Weighted Average Grant-Date Fair Value
Nonvested December 26, 2020 | 172,002 |  |  | $ | 152.25 |
Granted | 63,237 |  |  | 264.69 |
Vested | (72,904) |  |  | 162.59 |
Forfeited | (5,676) |  |  | 162.85 |
Nonvested January 1, 2022 | 156,659 |  |  | 192.44 |
Schedule of share-based payment award, stock options, valuation assumptions | The Company uses the Black-Scholes option valuation model to determine the fair value of stock option awards granted. The weighted average fair value of and related assumptions for options granted are as follows:
| 2021 |  | 2020 |  | 2019
Weighted average fair value of options granted | $74.04 |  | $38.09 |  | $47.63
Assumptions: |  |  |  |  |
Risk-free interest rate | 0.66% |  | 0.30% |  | 2.33%
Expected dividend yield | 0.72% |  | 1.27% |  | 0.86%
Expected stock price volatility | 35.0% |  | 33.0% |  | 27.0%
Expected life of options (years) | 4.4 |  | 4.7 |  | 4.4

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=120381028&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 http://asc.fasb.org/extlink&oid=120381028&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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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://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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration