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Capital Stock (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Weighted Average Valuation Assumptions Used to Calculate Fair Value Granted | The following table summarizes the weighted average valuation assumptions used to calculate the fair value of total shareholder return performance-based RSUs granted:
| For the Year Ended
| December 31, 2023 |  | December 31, 2022 |  | December 25, 2021
Share price | $ | 91.28 |  |  | $ | 96.36 |  |  | $ | 101.45 |
Expected dividend yield | 0.0 | % |  | 0.0 | % |  | 0.0 | %
Expected stock price volatility | 32.8 | % |  | 38.3 | % |  | 38.9 | %
Risk-free interest rate | 4.6 | % |  | 1.6 | % |  | 0.2 | %
Expected life | 2.8 years |  | 2.8 years |  | 2.8 years
The following table summarizes the weighted average valuation assumptions used to calculate the fair value of options granted and the associated weighted-average grant-date fair values:
| For the Year Ended
| December 31, 2023 |  | December 31, 2022 |  | December 25, 2021
Expected dividend yield | 0 | % |  | 0 | % |  | 0 | %
Expected stock price volatility | 35 | % |  | 34 | % |  | 34 | %
Risk-free interest rate | 4.3 | % |  | 1.8 | % |  | 0.7 | %
Expected life of options | 5.3 years |  | 5.3 years |  | 5.3 years
Weighted-average grant-date fair value | $ | 35.93 |  |  | $ | 32.55 |  |  | $ | 31.68 |
Summary of Restricted Stock Awards and Restricted Stock Unit Activity | The following table summarizes our RSA and RSU activity for the three years ended December 31, 2023:
| Shares |  | Weighted Average Fair Value
Balance at December 26, 2020 | 217,735 |  | $ | 72.77 |
Granted | 81,694 |  | $ | 106.23 |
Vested | (45,970) |  | $ | 70.62 |
Canceled | (46,782) |  | $ | 74.85 |
Balance at December 25, 2021 | 206,677 |  | $ | 85.97 |
Granted | 130,131 |  | $ | 96.32 |
Vested | (55,255) |  | $ | 83.70 |
Canceled | (42,631) |  | $ | 85.89 |
Balance at December 31, 2022 | 238,922 |  | $ | 92.07 |
Granted | 112,893 |  | $ | 95.34 |
Vested | (73,169) |  | $ | 80.63 |
Canceled | (21,092) |  | $ | 85.00 |
Balance at December 31, 2023 | 257,554 |  | $ | 97.33 |
Summary of Stock Option Activity | The following table summarizes our stock option activity for the three years ended December 31, 2023:
| Shares |  | Option Price per Share |  | Weighted Average Price |  | Weighted Average Remaining Terms (years) |  | Aggregate Intrinsic Value (in thousands)
Balance at December 26, 2020 | 250,779 |  | $41.59– $84.93 |  | $ | 70.21 |  |  |  |  |
Granted | 59,578 |  | $95.98 – $103.61 |  | $ | 101.36 |  |  |  |  |
Exercised | (67,504) |  | $41.59 – $82.94 |  | $ | 70.04 |  |  |  |  |
Canceled | (9,457) |  | $61.68 – $101.45 |  | $ | 79.02 |  |  |  |  |
Balance at December 25, 2021 | 233,396 |  | $61.68 –$103.61 |  | $ | 77.85 |  |  |  |  |
Granted | 79,749 |  | $83.81 – $111.53 |  | $ | 96.96 |  |  |  |  |
Exercised | (32,201) |  | $61.68 – $83.06 |  | $ | 71.74 |  |  |  |  |
Expired | (663) |  | $101.45 |  | $ | 101.45 |  |  |  |  |
Canceled | (12,162) |  | $61.68– $101.45 |  | $ | 82.19 |  |  |  |  |
Balance at December 31, 2022 | 268,119 |  | $61.68– $111.53 |  | $ | 84.03 |  |  |  |  |
Granted | 79,404 |  | $86.63 – $91.28 |  | $ | 91.13 |  |  |  |  |
Exercised | (24,297) |  | $$61.68 – $82.94 |  | $ | 72.33 |  |  |  |  |
Expired | (7,488) |  | $81.91 – $101.45 |  | $ | 91.24 |  |  |  |  |
Canceled | (4,521) |  | $82.94 – $101.45 |  | $ | 88.52 |  |  |  |  |
Balance at December 31, 2023 | 311,217 |  | $61.68 – $111.53 |  | $ | 86.52 |  |  | 5.4 |  | $ | 1,697 |
Exercisable at | 134,348 |  | $61.68 – $111.53 |  | $ | 80.35 |  |  | 4.4 |  | $ | 1,243 |
Summary of Shares Repurchase and Cancellation | The following table summarizes the repurchase and cancellation of common stock:
| For the Year Ended
| December 31, 2023 |  | December 31, 2022 |  | December 25, 2021
Shares repurchased and canceled | 13,778 |  | 23,015 |  | 11,452
Total cost of shares repurchased and canceled (in thousands) | $ | 1,160 |  |  | $ | 2,357 |  |  | $ | 1,172 |
Average price per share | $ | 84.22 |  |  | $ | 102.40 |  |  | $ | 102.38 |
The following table summarizes the repurchase and cancellation of common stock:
| For the Years Ended
| December 31, 2023 |  | December 31, 2022 |  | December 25, 2021
Shares repurchased and canceled | 201,632 |  | 180,750 |  | 605,628
Total cost of shares repurchased and canceled (in thousands) | $ | 15,333 |  |  | $ | 17,577 |  |  | $ | 61,583 |
Average price per share | $ | 76.05 |  |  | $ | 97.24 |  |  | $ | 101.68 |

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