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Capital Stock (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022December 25, 2021December 26, 2020
Share price$96.36 $101.45 $61.68 
Expected dividend yield0.0 %0.0 %0.0 %
Expected stock price volatility38.3 %38.9 %31.5 %
Risk-free interest rate1.6 %0.2 %0.9 %
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, 2022December 25, 2021December 26, 2020
Expected dividend yield%%%
Expected stock price volatility34 %34 %29 %
Risk-free interest rate1.8 %0.7 %0.8 %
Expected life of options5.3 years5.3 years5.3 years
Weighted-average grant-date fair value$32.55 $31.68 $17.84 
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, 2022:
Shares Weighted
Average Fair Value
Balance at December 28, 2019177,491$76.70 
Granted83,875$64.66 
Vested(27,477)$71.25 
Canceled(16,154)$76.44 
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 
Summary of Stock Option Activity
The following table summarizes our stock option activity for the three years ended December 31, 2022:
Shares Option Price
per Share
Weighted
Average
Price
Weighted
Average
Remaining
Terms
(years)
Aggregate
Intrinsic
Value (in thousands)
Balance at December 28, 2019181,712
$41.59– $82.94
$70.78  
Granted109,352
$61.68 – $83.06
$63.25 
Exercised(31,521)
$41.59 – $82.94
$50.77 
Canceled(8,764)
$61.68 – $74.21
$65.24 
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 6.2$1,572 
Exercisable at December 31, 202298,600
$61.68 – $103.61
$76.32 3.9$796 
Summary of Shares Repurchase and Cancellation The following table summarizes the repurchase and cancellation of common stock:
For the Year Ended
December 31, 2022December 25, 2021December 26, 2020
Shares repurchased and canceled23,01511,45223,360
Total cost of shares repurchased and canceled (in thousands)$2,357 $1,172 $1,895 
Average price per share$102.40 $102.38 $81.12 
The following table summarizes the repurchase and cancellation of common stock:
For the Years Ended
December 31, 2022December 25, 2021December 26, 2020
Shares repurchased and canceled180,750605,628439,275
Total cost of shares repurchased and canceled (in thousands)$17,577 $61,583 $36,781 
Average price per share$97.24 $101.68 $83.73