XML 92 R70.htm IDEA: XBRL DOCUMENT v3.22.0.1
STOCK-BASED COMPENSATION (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Stock Based Compensation      
Shares of common stock available for issuance 266,739    
Number of Shares      
Exercised (in shares) (169,908) (147,014) (119,789)
Share-based Payment Arrangement, Option      
Stock Based Compensation      
Compensation expense (included in selling, general and administrative expenses) $ 28,720 $ 14,874 $ 11,587
Tax benefits associated with compensation expense $ 7,180 $ 3,719 $ 2,897
Weighted average period over which unrecognized stock option compensation cost would be recognized 2 years 4 months 17 days    
Unrecognized stock option compensation expense $ 6,028    
Assumptions used in estimating fair value of each option grant      
Expected volatility 33.01% 33.72% 33.13%
Risk-free interest rate 1.26% 0.43% 1.69%
Expected life from vesting date 4 years 4 years 3 years
Dividend yield 1.20% 1.24% 1.07%
Number of Shares      
Balance at the beginning of the period (in shares) 399,565 488,560 578,413
Granted (in shares) 47,223 66,231 57,648
Exercised (in shares) (169,908) (147,014) (119,789)
Forfeited (in shares) (416) (8,212) (27,712)
Balance at the end of the period (in shares) 276,464 399,565 488,560
Options vested or expected to vest (in shares) 268,338 389,633 478,575
Options exercisable (in shares) 154,860 254,498 341,828
Weighted Average Exercise Price      
Balance at the beginning of the period (in dollars per share) $ 141.79 $ 133.13 $ 127.74
Granted (in dollars per share) 252.89 168.80 147.31
Exercised (in dollars per share) 135.76 125.43 113.02
Forfeited (in dollars per share) 132.84 137.49 137.07
Balance at the end of the period (in dollars per share) 164.48 141.79 133.13
Options vested or expected to vest (in dollars per share) 163.42 141.56 133.21
Options exercisable (in dollars per share) $ 142.15 $ 138.64 $ 133.32
Weighted Average Remaining Contractual Term      
Options outstanding 5 years 10 months 17 days 4 years 10 months 17 days 4 years 14 days
Options vested or expected to vest 5 years 9 months 18 days 4 years 9 months 21 days 3 years 11 months 26 days
Options exercisable 4 years 3 years 4 months 17 days 3 years 2 months 8 days
Aggregate Intrinsic Value      
Options outstanding $ 22,586 $ 12,103 $ 9,291
Options vested or expected to vest 22,188 11,890 9,078
Options exercisable $ 15,896 $ 8,510 $ 6,470
Other option disclosures      
Weighted average per share fair value of option granted $ 67.81 $ 45.49 $ 37.85
Share-based Payment Arrangement, Option | Maximum      
Stock Based Compensation      
Expiration period of grant 10 years    
Share-based Payment Arrangement, Option | Minimum      
Stock Based Compensation      
Vesting period of options 3 years    
Expiration period of grant 7 years    
Restricted Stock and Awards      
Assumptions used in estimating fair value of each option grant      
Expected life from vesting date 3 years