Shareholders' Equity (Tables)

12 Months Ended

Jan. 02, 2021

Stockholders' Equity Note [Abstract]

Schedule of share-based compensation activity

The table below presents SARs share-based compensation activity for the fiscal years ended 2020, 2019 and 2018 (in millions):

	2020	2019	2018
Total Intrinsic Value of Share-Based Incentive Awards Exercised	$6.7	$11.7	$5.2
Cash Received from Stock Option Exercises	0.2	0.1	—
Total Fair Value of Share-Based Incentive Awards Vested	2.1	5.4	3.9

Assumptions used in Valuation for Options, SAR's, and Performance Share Units

The weighted average assumptions used in the Company's Black-Scholes valuation related to grants for SARs were as follows:

	2020	2019	2018
Per Share Weighted Average Fair Value of Grants	$21.23	$20.84	$22.73
Risk-Free Interest Rate	1.5%	2.4%	2.9%
Expected Life (Years)	7.0	7.0	7.0
Expected Volatility	25.2%	25.0%	27.8%
Expected Dividend Yield	1.4%	1.5%	1.4%

The assumptions used in the Company's Monte Carlo simulation related to grants for performance share units were as follows:

	January 2, 2021	December 28, 2019	December 29, 2018
Risk-free interest rate	1.4%	2.3%	2.7%
Expected life (years)	3.0	3.0	3.0
Expected volatility	24.0%	25.0%	25.0%
Expected dividend yield	1.4%	1.5%	1.4%

Share-based Incentive Plan Grant Activity (Options and SAR's)

Following is a summary of share-based incentive plan activity (options and SARs) for fiscal 2020:

Number of Shares Under SARs	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding as of December 28, 2019	817,790	$	73.34
Granted	181,177	88.25
Exercised	(322,820)	69.86
Forfeited	(95,330)	77.26
Expired	(3,308)	67.38
Outstanding as of January 2, 2021	577,509	$	79.35	7.0	$	25.1
Exercisable as of January 2, 2021	180,146	$	71.22	4.2	$	9.3

RSA Award Activity

Following is the summary of RSAs activity for fiscal 2020:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (years)
Unvested RSAs as of December 28, 2019	15,571	$	80.41	0.4
Granted	16,280	70.05
Vested	(15,571)	80.41
Unvested RSAs as of January 2, 2021	16,280	$	70.05	0.3

RSU Award Activity

Following is the summary of RSUs activity for fiscal 2020:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (years)
Unvested RSUs as of December 28, 2019	175,025	$	78.19	1.9
Granted	69,331	86.70
Vested	(50,565)	80.20
Forfeited	(29,393)	78.23
Unvested RSUs as of January 2, 2021	164,398	$	81.16	1.7

PSU Award Activity

Following is the summary of PSUs activity for fiscal 2020:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (years)
Unvested PSUs as of December 28, 2019	90,565	$	86.35	1.9
Granted	36,556	117.63
Vested	(7,545)	95.33
Forfeited	(32,054)	86.54
Unvested PSUs as of January 2, 2021	87,522	$	97.59	1.8