Stock-Based Compensation (Tables)

3 Months Ended

Mar. 27, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Impact of Stock-Based Compensation

The following table provides the impact of stock-based compensation in our unaudited condensed consolidated and combined statements of income:

	Three Months Ended
	March 27,
(In thousands)	2015
Compensation costs for equity-based awards	$	1,758
Compensation costs for liability-based awards	121
Total compensation costs, pre-tax	$	1,879
Future tax benefit	$	676

Schedule of Non-Qualified Stock Options and Restricted Stock Units, Activity

The following table provides a summary of the activities for NQOs and RSUs for the three months ended March 27, 2015:

	NQOs		RSUs
(In thousands, except per share data)	Shares	Weighted Average Exercise Price Per Share	Shares		Weighted Average Exercise Price Per Share
Outstanding at January 1, 2015	446	$17.43	423		$19.28
Granted	54	$32.04	68		$32.04
Exercised	—	$0.00	—		$0.00
Vested	—	$0.00	(80	)	$17.28
Forfeited or expired	—	$0.00	—		$0.00
Outstanding at March 27, 2015	500	$19.00	411		$21.78

Schedule of Assumptions Utilized

The following assumptions were utilized in deriving the fair value for NQOs granted on March 4, 2015 under the Black-Scholes model:

Expected volatility	34.2	%
Expected life (in years)	7.0
Risk-free rates	2.01	%
Weighted-average grant date fair value per share	$12.65