Share-Based Arrangements (Tables)

9 Months Ended

Sep. 26, 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				For the Nine Months Ended
	September 26, 2014				September 26, 2014
	Options		Weighted - average exercise price		Options		Weighted - average exercise price
Options outstanding at beginning of period	932,812		$	31.05	891,932		$	28.18
Granted	—		$	—	186,885		$	39.22
Exercised	(4,086	)	$	13.97	(144,146	)	$	23.28
Forfeited or expired	(5,536	)	$	36.77	(11,481	)	$	35.68
Options outstanding at September 26, 2014	923,190		$	31.09	923,190		$	31.09

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 Nine Months Ended
	September 26, 2014			September 27, 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 Award and Restricted Stock Unit activity was as follows:

	For the Three Months Ended				For the Nine Months Ended
	September 26, 2014				September 26, 2014
	Restricted  Stock		Weighted- average grant date fair value		Restricted  Stock		Weighted- average grant date fair value
Restricted Stock outstanding at beginning of period	208,438		$	36.27	188,647		$	31.83
Granted	—		$	—	111,071		$	39.89
Vested	(100	)	$	23.75	(84,354	)	$	31.63
Forfeited or expired	(9,765	)	$	36.58	(16,791	)	$	33.49
Restricted Stock outstanding at September 26, 2014	198,573		$	36.28	198,573		$	36.28