XML 56 R39.htm IDEA: XBRL DOCUMENT v3.22.0.1
Share-Based Compensation (Tables)
 12 Months Ended
Jan. 01, 2022
Share-based Payment Arrangement [Abstract]  
Schedule Of Share-based Payment Award Valuation Assumptions
For market-based RSUs, the fair value of each award was determined using a Monte Carlo simulation model. The model uses multiple input variables that determined the probability of satisfying the market condition requirements as follows:
202120202019
Risk-free interest rate (1)
0.3 %0.9 %2.5 %
Expected dividend yield— %0.8 %0.2 %
Expected stock price volatility (2)
36.0 %34.0 %33.5 %
(1)The risk-free interest rate is based on the U.S. Treasury constant maturity interest rate having a term consistent with the vesting period of the award.
(2)Expected volatility is determined based on historical volatility over a matching look-back period and is consistent with the correlation coefficients between our stock prices and our peer group.
Restricted Stock Units Activity
The following table summarizes activity for time-based, performance-based and market-based RSUs in 2021:
Time-BasedPerformance-BasedMarket-Based
Number of AwardsWeighted Average
Grant Date Fair Value		Number of AwardsWeighted Average
Grant Date Fair Value		Number of AwardsWeighted Average
Grant Date Fair Value
Nonvested at January 2, 2021540 $142.47 162 $129.74 89 $146.34 
Granted
246 $183.41 — $— 63 $204.97 
Change in units based on performance
— $— 122 $144.04 — $— 
Vested (1)
(242)$142.77 (68)$117.14 (28)$131.08 
Forfeited
(78)$155.50 (19)$139.95 (12)$180.24 
Nonvested at January 1, 2022466 $162.33 197 $142.25 112 $179.66 
(1) The vested shares of market-based RSUs were not exercised due to low multiplier effect for 2018 awards.
Restricted Stock Units Activity Additional Information
Year Ended
January 1, 2022January 2, 2021December 28, 2019
Time-based:
Weighted average fair value of RSUs granted$183.41 $137.47 $157.31 
Total grant date fair value of RSUs vested$34,555 $30,231 $21,955 
Performance-based:
Weighted average fair value of RSUs granted$— $130.03 $159.80 
Total grant date fair value of RSUs vested$7,987 $1,123 $2,666 
Market-based:
Weighted average fair value of RSUs granted$204.97 $145.04 $165.70 
Total grant date fair value of RSUs vested$3,650 $2,646 $—