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Stock Options, Other Stock Awards and Warrants (Tables)
 12 Months Ended
Dec. 26, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Total Compensation Expense Related to Stock Options, Restricted Stock Units and Stock Performance Awards
Total compensation expense related to stock options, restricted stock units, including those awards made to non-employee members of its Board of Directors, and stock performance awards for the years ended December 26, 2021, December 27, 2020 and December 29, 2019 was $97.8 million, $49.7 million and $28.0 million, respectively, and was recorded as follows:
(In millions)202120202019
Product development$3.7 3.3 3.3 
Selling, distribution and administration (a)(b)
94.1 46.4 24.7 
97.8 49.7 28.0 
Income tax benefit10.2 5.3 3.6 
$87.6 44.4 24.4 
(a)The 2021 increase in compensation expense reflects $20.9 million of additional expense associated with the contractual accelerated vesting of certain equity awards as a result of the passing of the Company's former CEO.
(b)The 2020 increase in compensation expense was due to additional stock options, restricted stock units, and stock performance awards granted to eligible participants as a result of the eOne acquisition.
The following table represents total stock compensation expense, net of performance adjustments, by award type related to stock performance awards, restricted stock units, stock options and awards made to non-employee members of the Company’s Board of Directors, for the years ended December 26, 2021, December 27, 2020 and December 29, 2019:
(In millions)202120202019
Stock performance awards$26.9 8.4 (1.6)
Restricted stock units50.9 28.5 18.7 
Stock options18.4 11.0 9.1 
Non-employee awards1.6 1.8 1.8 
97.8 49.7 28.0 
Income tax benefit10.2 5.3 3.6 
$87.6 44.4 24.4 
Schedule of Stock Performance Awards
Information with respect to Stock Performance Awards for 2021, 2020 and 2019 is as follows:
(In millions, except per share data)202120202019
Outstanding at beginning of year0.6 0.5 0.6 
Granted0.2 0.4 0.3 
Forfeited— (0.1)(0.1)
Canceled(0.1)(0.2)(0.1)
Vested— — (0.2)
Outstanding at end of year0.7 0.6 0.5 
Weighted average grant-date fair value:
Granted$96.06 56.49 86.90 
Forfeited$— 80.31 92.90 
Canceled$77.33 88.25 99.58 
Vested$— 99.58 74.72 
Outstanding at end of year$75.74 69.25 87.59 
Schedule of Restricted Stock Awards and Restricted Stock Units nformation with respect to the remaining Restricted Stock Awards and Restricted Stock Units for 2021, 2020 and 2019 is as follows:
(In millions, except per share data)202120202019
Outstanding at beginning of year1.0 0.5 0.4 
Granted0.7 0.8 0.3 
Forfeited(0.1)(0.1)— 
Vested(0.5)(0.2)(0.2)
Outstanding at end of year1.1 1.0 0.5 
Weighted average grant-date fair value:
Granted$91.06 91.80 87.98 
Forfeited$85.88 94.01 92.56 
Vested$91.42 94.21 90.23 
Outstanding at end of year$91.78 91.56 92.54 
Schedule of Stock Option Information
Information with respect to stock options for each of the three fiscal years ended December 26, 2021 is as follows:
(In millions, except per share data)202120202019
Outstanding at beginning of year2.8 2.4 2.3 
Granted0.6 0.8 0.7 
Exercised(0.5)(0.3)(0.5)
Expired or forfeited— (0.1)(0.1)
Outstanding at end of year2.9 2.8 2.4 
Exercisable at end of year2.1 1.5 1.3 
Weighted average exercise price:
Granted$90.31 96.79 86.66 
Exercised$65.12 55.82 58.18 
Expired or forfeited$95.59 94.32 95.71 
Outstanding at end of year$92.15 88.16 81.58 
Exercisable at end of year$92.05 82.80 73.03 
Schedule of Share-based Payment Award, Stock Option, Valuation Assumptions The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in the fiscal years 2021, 2020 and 2019:
202120202019
Risk-free interest rate0.50 %1.38 %2.47 %
Expected dividend yield3.01 %2.81 %3.14 %
Expected volatility38 %30 %27 %
Expected option life4 years4 years4 years