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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 28, 2024
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 December 28, 2024.
| Shares Under Option |  | Weighted Average Price |  | Weighted Average Remaining Contract Life (Years) |  | Aggregate Intrinsic Value (000’s)
Outstanding December 30, 2023 | 598,357 |  |  | $ | 191.33 |  |  |  |  |
Granted | 96,592 |  |  | 231.13 |  |  |  |  |
Exercised | (64,437) |  |  | 165.01 |  |  |  |  |
Forfeited | (700) |  |  | 242.47 |  |  |  |  |
Outstanding December 28, 2024 | 629,812 |  |  | 200.07 |  |  | 3.6 |  | $ | 25,427 |
Exercisable December 28, 2024 | 449,884 |  |  | 186.40 |  |  | 2.8 |  | 24,658 |
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 December 28, 2024.
| Shares |  | Weighted Average Grant-Date Fair Value
Nonvested December 30, 2023 | 160,498 |  |  | $ | 237.09 |
Granted | 104,905 |  |  | 225.92 |
Vested | (75,258) |  |  | 240.37 |
Forfeited | (4,132) |  |  | 232.69 |
Nonvested December 28, 2024 | 186,013 |  |  | 229.56 |
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:
| 2024 |  | 2023 |  | 2022
Weighted average fair value of options granted | $75.25 |  | $77.40 |  | $70.39
Assumptions: |  |  |  |  |
Risk-free interest rate | 4.71% |  | 3.67% |  | 2.83%
Expected dividend yield | 1.13% |  | 1.00% |  | 0.92%
Expected stock price volatility | 34.9% |  | 36.0% |  | 35.0%
Expected life of options (years) | 4.4 |  | 4.4 |  | 4.4

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- 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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