Share-Based Arrangements (Tables)

3 Months Ended

Mar. 28, 2014

Share-based Arrangements with Employees and Nonemployees [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

Stock option activity was as follows:

	For the Three Months Ended
	March 28, 2014
	Options		Weighted - average exercise price
Options outstanding at beginning of period	891,932		$	28.18
Granted	186,885		$	39.22
Exercised	(78,162	)	$	23.04
Forfeited or expired	—		$	—
Options outstanding at March 28, 2014	1,000,655		$	30.64

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model. The following table indicates the weighted-average assumptions used in estimating fair value:

	For the Three Months Ended
	March 28, 2014			March 29, 2013
Expected option term (years)	5.1			5.2
Expected volatility	37.5		%	45.5		%
Risk-free interest rate	1.5		%	0.9		%
Expected dividend yield	1.7		%	2.0		%
Per share fair value of options granted	$	11.60		$	12.38

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Restricted Stock activity was as follows:

	For the Three Months Ended
	March 28, 2014
	Restricted  Stock Awards		Weighted- average grant date fair value
Restricted Stock outstanding at beginning of period	188,647		$	31.23
Granted	75,170		$	39.09
Vested	(62,589	)	$	28.85
Forfeited or expired	(714	)	$	28.80
Restricted Stock outstanding at March 28, 2014	200,514		$	34.92