SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jul. 03, 2021

Stockholders' Equity Note [Abstract]

Schedule of Share-Based Compensation Activity

The following table presents share-based compensation activity for the six months ended July 3, 2021 and June 27, 2020 (in millions):

	July 3, 2021		June 27, 2020
Total Intrinsic Value of Share-Based Incentive Awards Exercised	$	6.7	$	3.1
Cash Received from Stock Option Exercises	0.1		0.2
Income Tax Benefit from the Exercise of SARs	0.5		0.4
Total Fair Value of Share-Based Incentive Awards Vested	3.9		1.8

Schedule of Share-based Payment Award, Valuation Assumptions

The following table presents assumptions used in the Company's Black-Scholes valuation related to grants of SARs:

	2021			2020
Per share weighted average fair value of grants	$	37.43		$	21.23
Risk-free interest rate	0.6		%	1.5		%
Expected life (years)	5.0			7.0
Expected volatility	32.5		%	25.2		%
Expected dividend yield	0.9		%	1.4		%

The assumptions used in the Company's Monte Carlo simulation were as follows:

	2021		2020
Risk-free interest rate	0.2	%	1.4	%
Expected life (years)	3.0		3.0
Expected volatility	37.0	%	24.0	%
Expected dividend yield	0.9	%	1.4	%

Summary of Share-Based Incentive Plan Grant Activity For SAR's

The following table presents a summary of share-based incentive plan grant activity for the six months ended July 3, 2021.

Number of Shares Under SARs	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in millions)
Outstanding as of January 2, 2021	577,509	$	79.35	7.0	$	25.1
Granted	114,069	140.28
Exercised	(98,418)	75.97
Forfeited	(19,660)	85.81
Expired	(4,050)	72.29
Outstanding as of July 3, 2021	569,450	$	91.96	7.4	$	24.3
Exercisable as of July 3, 2021	242,394	$	76.02	5.9	$	13.9

Summary of RSA Award Activity

The following table presents a summary of RSA award activity for the six months ended July 3, 2021:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (Years)
Unvested RSAs as of January 2, 2021	16,280	$	70.05	0.3
Granted	7,760	149.50
Vested	(16,280)	70.05
Unvested RSAs as of July 3, 2021	7,760	$	149.50	0.8

Summary of RSU Award Activity

The following table presents a summary of RSU award activity for the six months ended July 3, 2021:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (Years)
Unvested RSUs as of January 2, 2021	164,398	$	81.16	1.7
Granted	48,280	136.98
Vested	(63,177)	79.19
Forfeited	(6,589)	83.78
Unvested RSUs as of July 3, 2021	142,912	$	100.12	2.1

Summary of PSU Award Activity

The following table presents a summary of PSU activity for the six months ended July 3, 2021:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (Years)
Unvested PSUs as of January 2, 2021	87,522	$	97.59	1.8
Granted	33,125	122.36
Vested	(10,891)	91.65
Forfeited	(10,651)	78.88
Unvested PSUs as of July 3, 2021	99,105	$	109.68	1.9