XML 28 R52.htm IDEA: XBRL DOCUMENT v2.4.1.9
Share-Based Awards, Purchase Plans and Compensation Cost (Narratives) (Details) (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 26, 2014
Dec. 27, 2013
Dec. 28, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 17.2us-gaap_AllocatedShareBasedCompensationExpense $ 16.5us-gaap_AllocatedShareBasedCompensationExpense $ 12.4us-gaap_AllocatedShareBasedCompensationExpense
Intrinsic value of exercisable option shares 154.5us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1    
Exercisable option weighted average contractual term 4 years 7 months    
Share options vested and expected to vest 4,900,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber    
Aggregate intrinsic value of share options vested and expected to vest 182.2us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue    
Weighted average exercise price of share options vested and expected to vest (per share) $ 44.50us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice    
Weighted average contractual term of share options vested and expected to vest 5 years 10 months    
Employee stock purchase plan shares granted 193,084us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans 196,913us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans 238,621us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
Share-based compensation impact on net income 12.8us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax 12.6us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax 9.5us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax
Share-based compenstion impact on EPS $ 0.21ggg_EmployeeServiceShareBasedCompensationEarningsPerShareEffect $ 0.20ggg_EmployeeServiceShareBasedCompensationEarningsPerShareEffect $ 0.15ggg_EmployeeServiceShareBasedCompensationEarningsPerShareEffect
Unrecognized compensation cost related to unvested options 13.7us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized    
Weighted average recognition period for unvested options 1 year 7 months    
Stock Appreciation Rights (SARs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 1.0us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
1.9us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
0.5us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
Stock Incentive Plan (2010)      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award expiration period 10 years    
Stock Incentive Plan (2010) | Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting period 3 years    
Stock Incentive Plan (2010) | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting period 4 years    
Stock Incentive Plan (2010) | Nonemployee Director      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares issued under the plan 4,867us-gaap_DeferredCompensationArrangementWithIndividualSharesIssued
/ us-gaap_PlanNameAxis
= ggg_StockIncentivePlanMember
/ us-gaap_TitleOfIndividualAxis
= ggg_NonemployeeDirectorMember
6,079us-gaap_DeferredCompensationArrangementWithIndividualSharesIssued
/ us-gaap_PlanNameAxis
= ggg_StockIncentivePlanMember
/ us-gaap_TitleOfIndividualAxis
= ggg_NonemployeeDirectorMember
7,656us-gaap_DeferredCompensationArrangementWithIndividualSharesIssued
/ us-gaap_PlanNameAxis
= ggg_StockIncentivePlanMember
/ us-gaap_TitleOfIndividualAxis
= ggg_NonemployeeDirectorMember
Stock Incentive Plan (2010) | Restricted Share Awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 0.3us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
/ us-gaap_PlanNameAxis
= ggg_StockIncentivePlanMember
$ 0.5us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
/ us-gaap_PlanNameAxis
= ggg_StockIncentivePlanMember
$ 0.4us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
/ us-gaap_PlanNameAxis
= ggg_StockIncentivePlanMember
Employee Stock Purchase Plan (2006)      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share purchase price as percentage of fair value 85.00%us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
/ us-gaap_PlanNameAxis
= ggg_EmployeeStockPurchasePlanMember
   
Stock purchase plan discount percentage 15.00%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate
/ us-gaap_PlanNameAxis
= ggg_EmployeeStockPurchasePlanMember