STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 30, 2023

Share-based Payment Arrangement [Abstract]

Schedule of Assumptions Used in Estimating Fair Value of Each Option Grant

The fair value of each option grant made as of December 30, 2023, December 31, 2022, and December 25, 2021 was estimated using the following assumptions:

	December 30,		December 31,		December 25,
	2023		2022		2021
Expected volatility	31.97	%	32.36	%	33.01	%
Risk-free interest rate	4.21	%	3.75	%	1.26	%
Expected life from vesting date	5.4 yrs		5.4 yrs		4.0 yrs
Dividend yield	0.87	%	1.10	%	1.20	%

Summary of Activity of Stock Plans

	December 30,		December 31,		December 25,
	2023		2022		2021
Expected volatility	31.97	%	32.36	%	33.01	%
Risk-free interest rate	4.21	%	3.75	%	1.26	%
Expected life from vesting date	5.4 yrs		5.4 yrs		4.0 yrs
Dividend yield	0.87	%	1.10	%	1.20	%

The following is a summary of the stock option activity during the fiscal years ended December 30, 2023, December 31, 2022, and December 25, 2021:

				Weighted
		Weighted		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic
	Shares	Price		Term	Value
Outstanding as of December 31, 2022	195,690	$	214.62
Granted	43,340		226.55
Exercised	(39,055)		155.24
Forfeited	(18,445)		307.81
Outstanding as of December 30, 2023	181,530	$	220.77	7.99	$	5,992
Options vested or expected to vest as of December 30, 2023	178,820	$	220.31	7.96		5,975
Options exercisable as of December 30, 2023	116,545	$	203.78	7.13		5,576

The weighted average per share fair value of options granted during the fiscal year ended December 31, 2023 was $72.60.

				Weighted
		Weighted		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic
	Shares	Price		Term	Value
Outstanding as of December 25, 2021	276,464	$	164.48
Granted	40,564		332.63
Exercised	(121,163)		139.89
Forfeited	(175)		104.47
Outstanding as of December 31, 2022	195,690	$	214.62	7.53	$	22,644
Options vested or expected to vest as of December 31, 2022	189,267	$	212.69	7.48		22,261
Options exercisable as of December 31, 2022	90,556	$	172.08	6.40		14,276

The weighted average per share fair value of options granted during the fiscal year ended December 31, 2022 was $104.01.

				Weighted
		Weighted		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic
	Shares	Price		Term	Value
Outstanding as of December 26, 2020	399,565	$	141.79
Granted	47,223		252.89
Exercised	(169,908)		135.76
Forfeited	(416)		132.84
Outstanding as of December 25, 2021	276,464	$	164.48	5.88	$	22,586
Options vested or expected to vest as of December 25, 2021	268,338	$	163.42	5.80		22,188
Options exercisable as of December 25, 2021	154,860	$	142.15	4.00		15,896

The weighted average per share fair value of options granted during the fiscal year ended December 25, 2021 was $67.81.

Schedule of Non-Vested Stock and Restricted Stock Units

During the fiscal years ended December 30, 2023, December 31, 2022, and December 25, 2021, the Company granted restricted stock units to directors and certain management employees as follows (which are not included in the above stock plan activity tables):

	Fiscal Year Ended
	December 30,		December 31,		December 25,
	2023		2022		2021
Restricted stock units granted		67,723		60,901		216,971
Weighted‑average per share price on grant date	$	233.96	$	313.75	$	236.28
Recognized compensation expense	$	22,478	$	22,664	$	16,147

Share-based Payment Arrangement, Performance Shares, Outstanding Activity

During the fiscal years ended December 30, 2023, December 31, 2022, and December 25, 2021, the Company granted PSU awards as follows (which are not included in the above stock plan activity tables):

	Fiscal Year Ended
	December 30,		December 31,		December 25,
	2023		2022		2021
Shares granted		38,201		33,736		41,060
Weighted‑average per share price on grant date	$	299.20	$	215.15	$	230.40
Recognized compensation expense	$	13,054	$	16,066	$	10,035