Shareholders' Equity and Share-Based Compensation (Tables)

12 Months Ended

Dec. 30, 2021

Shareholders' Equity and Share-Based Compensation

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company estimated the fair value of stock options using the Black-Scholes option pricing model with the following assumptions used for awards granted during fiscal 2021, fiscal 2020 and fiscal 2019:

	Year Ended
	December 30, 2021	December 31, 2020	December 26, 2019
Risk-free interest rate	0.97 – 1.26%	0.40 – 1.26%	2.50 – 2.60%
Dividend yield	1.50 – 1.50%	1.70 – 1.90%	1.70%
Volatility	28 - 53%	27 – 41%	27 – 32%
Expected life	6 – 8 years	6 – 8 years	6 – 8 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s stock option activity and related information follows:

	Year Ended
	December 30, 2021				December 31, 2020				December 26, 2019
	Options		Weighted- Average Exercise Price		Options		Weighted- Average Exercise Price		Options		Weighted- Average Exercise Price
Outstanding at beginning of period	2,234		$	24.87	1,641		$	25.46	1,450		$	21.25
Granted	531		21.74		728		23.47		329		41.67
Exercised	(134)		11.42		(31)		12.21		(97)		15.60
Forfeited	(98)		26.60		(104)		28.06		(41)		30.58
Outstanding at end of period	2,533		24.84		2,234		24.87		1,641		25.46
Exercisable at end of period	1,119		$	24.76	1,001		$	20.38	802		$	18.22
Weighted-average fair value of options granted during the period	$	9.47			$	5.96			$	11.79

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

	Exercise Price Range
	$12.71 to $20.26		$20.27 to $27.00		$27.01 to $41.90
Options outstanding	827		765		941
Weighted-average exercise price of options outstanding	$	16.18	$	23.66	$	33.42
Weighted-average remaining contractual life of options outstanding	4.5		8		7.2
Options exercisable	580		205		334
Weighted-average exercise price of options exercisable	$	17.55	$	26.96	$	35.89

Schedule of Nonvested Share Activity

A summary of the Company’s non-vested stock activity and related information follows:

	Year Ended
	December 30, 2021			December 31, 2020			December 26, 2019
	Shares	Weighted- Average Fair Value		Shares	Weighted- Average Fair Value		Shares	Weighted- Average Fair Value
Outstanding at beginning of period	147	$	31.02	174	$	29.16	158	$	18.98
Granted	251	19.63		42	31.43		39	38.24
Vested	(32)	30.69		(69)	26.56		(23)	18.60
Forfeited	(9)	19.77		—	—		—	—
Outstanding at end of period	357	$	23.32	147	$	31.02	174	$	29.16