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Capital Stock (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Weighted Average Valuation Assumptions Used to Calculate Fair Value Granted
The following table summarizes the weighted average valuation assumptions used to calculate the fair value of total shareholder return performance-based RSUs granted:
For the Year Ended
December 31, 2023December 31, 2022December 25, 2021
Share price$91.28 $96.36 $101.45 
Expected dividend yield0.0 %0.0 %0.0 %
Expected stock price volatility32.8 %38.3 %38.9 %
Risk-free interest rate4.6 %1.6 %0.2 %
Expected life2.8 years2.8 years2.8 years
The following table summarizes the weighted average valuation assumptions used to calculate the fair value of options granted and the associated weighted-average grant-date fair values:
For the Year Ended
December 31, 2023December 31, 2022December 25, 2021
Expected dividend yield%%%
Expected stock price volatility35 %34 %34 %
Risk-free interest rate4.3 %1.8 %0.7 %
Expected life of options5.3 years5.3 years5.3 years
Weighted-average grant-date fair value$35.93 $32.55 $31.68 
Summary of Restricted Stock Awards and Restricted Stock Unit Activity
The following table summarizes our RSA and RSU activity for the three years ended December 31, 2023:
Shares Weighted
Average Fair Value
Balance at December 26, 2020217,735$72.77 
Granted81,694$106.23 
Vested(45,970)$70.62 
Canceled(46,782)$74.85 
Balance at December 25, 2021206,677$85.97 
Granted130,131$96.32 
Vested(55,255)$83.70 
Canceled(42,631)$85.89 
Balance at December 31, 2022238,922$92.07 
Granted112,893$95.34 
Vested(73,169)$80.63 
Canceled(21,092)$85.00 
Balance at December 31, 2023257,554$97.33 
Summary of Stock Option Activity
The following table summarizes our stock option activity for the three years ended December 31, 2023:
Shares Option Price
per Share
Weighted
Average
Price
Weighted
Average
Remaining
Terms
(years)
Aggregate
Intrinsic
Value (in thousands)
Balance at December 26, 2020250,779
$41.59– $84.93
$70.21 
Granted59,578
$95.98 – $103.61
$101.36 
Exercised(67,504)
$41.59 – $82.94
$70.04 
Canceled(9,457)
$61.68 – $101.45
$79.02 
Balance at December 25, 2021233,396
$61.68 –$103.61
$77.85 
Granted79,749
$83.81 – $111.53
$96.96 
Exercised(32,201)
$61.68 – $83.06
$71.74 
Expired(663)$101.45$101.45 
Canceled(12,162)
$61.68– $101.45
$82.19 
Balance at December 31, 2022268,119
$61.68– $111.53
$84.03 
Granted79,404
$86.63 – $91.28
$91.13 
Exercised(24,297)
$$61.68 – $82.94
$72.33 
Expired(7,488)
$81.91 – $101.45
$91.24 
Canceled(4,521)
$82.94 – $101.45
$88.52  
Balance at December 31, 2023311,217
$61.68 – $111.53
$86.52 5.4$1,697 
Exercisable at 134,348
$61.68 – $111.53
$80.35 4.4$1,243 
Summary of Shares Repurchase and Cancellation The following table summarizes the repurchase and cancellation of common stock:
For the Year Ended
December 31, 2023December 31, 2022December 25, 2021
Shares repurchased and canceled13,77823,01511,452
Total cost of shares repurchased and canceled (in thousands)$1,160 $2,357 $1,172 
Average price per share$84.22 $102.40 $102.38 
The following table summarizes the repurchase and cancellation of common stock:
For the Years Ended
December 31, 2023December 31, 2022December 25, 2021
Shares repurchased and canceled201,632180,750605,628
Total cost of shares repurchased and canceled (in thousands)$15,333 $17,577 $61,583 
Average price per share$76.05 $97.24 $101.68