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Shareholders' Equity (Deficit): | 9 Months Ended
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Sep. 28, 2024
Shareholders' Equity (Deficit): |
Shareholders' Equity (Deficit): | 8. Shareholders’ Equity (Deficit): ​ Dividends ​ On January 31, 2024, the Company’s Board of Directors approved the payment of a $0.80 per share quarterly cash dividend to shareholders of record at the close of business on February 14, 2024, which was paid on March 1, 2024. ​ On April 17, 2024, the Company’s Board of Directors approved the payment of a $0.90 per share quarterly cash dividend to shareholders of record at the close of business on May 15, 2024, which was paid on June 3, 2024. ​ On July 17, 2024 the Company’s Board of Directors approved the payment of a $0.90 per share quarterly cash dividend to shareholders of record at the close of business on August 14, 2024, which was paid on September 3, 2024. ​ Repurchase of Common Stock ​ During the first nine months of 2024, the Company did not repurchase any shares of its common stock. Under the Board of Directors’ authorization, as of September 28, 2024, the Company has the ability to repurchase an additional 78,600 shares of its common stock. Repurchases may be made from time to time at prevailing prices, subject to certain restrictions on volume, pricing and timing. ​ Stock Option Plans and Stock-Based Compensation ​ Stock option activity under the Company’s option plans as of September 28, 2024 was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | Weighted Average |  | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Remaining | ​ | ​ | ​
​ | ​ | Number of | ​ | Weighted Average | ​ | Contractual Life | ​ | ​ | ​
​ |  | Shares |  | Exercise Price |  | (years) |  |  | Intrinsic Value
Outstanding, December 30, 2023 |  | 341,892 | ​ | $ | 180.73 | ​ | 5.98 | ​ | $ | 81,017,600
Granted |  | 13,100 | ​ | ​ | 355.90 | ​ | ​ | ​ | ​ | ​
Exercised |  | (23,425) | ​ | ​ | 115.90 | ​ | ​ | ​ | ​ | ​
Forfeited |  | (4,581) | ​ | ​ | 239.61 | ​ | ​ | ​ | ​ | ​
Outstanding, September 28, 2024 |  | 326,986 | ​ | $ | 191.57 | ​ | 5.59 | ​ | $ | 63,343,700
Exercisable, September 28, 2024 |  | 232,536 | ​ | $ | 163.39 | ​ | 4.63 | ​ | $ | 51,532,000
​ ​ The fair value of options granted under the Option Plans during the first nine months of 2024 and 2023 were estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions and results: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended | ​ | Nine Months Ended | ​ | ​
​ |  | September 28, 2024 | ​ | September 30, 2023 | ​ |
Risk free interest rate |  | ​ | 4.57 | % | ​ | 3.86 | % |
Expected life (years) |  | ​ | 6 | ​ | ​ | 6 | ​ |
Expected volatility |  | ​ | 29.33 | % | ​ | 28.04 | % |
Dividend yield |  | ​ | 2.93 | % | ​ | 3.00 | % |
Option fair value | ​ | $ | 93.88 | ​ | $ | 76.01 | ​ | ​
​ All unexercised options at September 28, 2024 have an exercise price equal to the fair market value on the date of the grant. ​ Compensation expense of $1,458,200 and $1,451,000 relating to the vested portion of the fair value of stock options granted was expensed to “Selling, General and Administrative Expenses” in the first nine months of 2024 and 2023, respectively. As of September 28, 2024, the Company had $3.9 million of total unrecognized compensation expense related to stock options that is expected to be recognized over the remaining weighted average vesting period of approximately 1.9 years.

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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