Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Common Stock and Treasury Stock Share Activity

Common stock and treasury stock activity:	Common Stock	Treasury Stock
Balance, January 2, 2022	47,194,766	502,470
Issued	—	(220,339)
Balance, January 1, 2023	47,194,766	282,131
Issued	137,079	(282,131)
Balance, December 31, 2023	47,331,845	—

Stock Options Valuation Assumptions

Stock option valuation assumptions:	2022	2021
Expected dividend yield	n/a	n/a
Expected volatility	26.5%	27.8%
Risk-free interest rate	3.33%	0.09% to 1.58%
Expected life in years	6.4	5.2

Stock Option Transactions for Stock Option Plans

Stock option transactions for Teledyne’s stock option plans are summarized as follows:

	2023			2022			2021
	Shares	Weighted Average Exercise Price		Shares	Weighted Average Exercise Price		Shares	Weighted Average Exercise Price
Beginning balance	1,726,731	$	223.43	1,793,857	$	206.08	1,819,147	$	170.10
Granted	—	$	—	135,751	$	360.39	211,973	$	440.48
Exercised	(372,739)	$	121.73	(179,828)	$	131.44	(213,384)	$	118.55
Canceled or expired	(16,020)	$	389.85	(23,049)	$	397.36	(23,879)	$	328.15
Ending balance	1,337,972	$	249.76	1,726,731	$	223.43	1,793,857	$	206.08
Options exercisable at end of period	1,190,838	$	232.10	1,395,949	$	182.53	1,328,191	$	148.73

Stock Options Outstanding and Stock Options Exercisable Under Stock Option Plans

The following table provides certain information with respect to stock options outstanding and stock options exercisable at December 31, 2023, under the stock option plans.

	Stock Options Outstanding				Stock Options Exercisable
Range of Exercise Prices	Shares	Weighted Average Exercise Price		Remaining life in years	Shares	Weighted Average Exercise Price
$40.70-$99.99	164,086	$	83.89	1.4	164,086	$	83.89
$100.00-$199.99	419,498	$	156.20	3.6	419,498	$	156.20
$200.00-$299.99	251,966	$	217.65	5.1	251,966	$	217.65
$300.00-$399.99	319,635	$	373.76	7.3	231,537	$	378.78
$400.00-$445.21	182,787	$	440.85	7.7	123,751	$	440.86
	1,337,972	$	249.76	5.1	1,190,838	$	232.10

Summary of Restricted Stock Activity

The following table shows restricted stock award activity:

	Employee Time-Based Restricted Stock Units		Employee Performance-Based Restricted Stock Awards			Non-Employee Directors Restricted Stock Units
Restricted Stock:	Shares	Weighted average fair value per share	Shares	Weighted average fair value per share		Shares		Weighted average fair value per share
Balance, January 3, 2021	—	—	43,405	$	228.80	$	9,766	$	224.94
Granted	62,974	$409.41	10,227	$	334.92	2,592		$	450.27
Vested	(8,720)	$409.41	(15,423)	$	176.64	(5,300)		$	227.9
Forfeited/Canceled	(4,903)	$409.41	(380)	$	176.64	—		$	—
Balance, January 2, 2022	49,351	$409.41	37,829	$	279.27	7,058		$	308.54
Granted	89,472	$360.39	19,492	$	427.51	3,904		$	451.13
Vested	(15,698)	$409.41	(17,522)	$	200.00	(1,440)		$	450.27
Forfeited/Canceled	(5,653)	$399.20	(398)	$	388.15	—		$	—
Balance, January 1, 2023	117,472	$372.51	39,401	$	386.76	9,522		$	345.57
Granted	2,316	$418.20	14,139	$	361.08	4,190		$	404.92
Vested	(39,705)	$376.99	(9,106)	$	360.33	(1,880)		$	451.16
Forfeited/Canceled	(10,644)	$369.60	(2,616)	$	346.08	—		$	—
Balance, December 31, 2023	69,439	$371.90	41,818	$	357.43	11,832		$	349.81