Stock-Based Compensation (Policies)

3 Months Ended

Apr. 03, 2021

Stock-Based Compensation [Abstract]

Share-based Compensation, Option and Incentive Plans Policy

The amount of compensation cost related to stock-based payment transactions is measured based on the grant-date fair value of the equity instruments issued.  The Company determines compensation cost for restricted stock units (“RSUs”) and phantom stock units based on the grant-date fair value of the underlying common stock adjusted for expected dividends paid over the required vesting period for non-participating awards.  Compensation cost is recognized over the period that an officer, employee, or non-employee director provides service in exchange for the award.