Share-Based Arrangements (Tables)

9 Months Ended

Oct. 02, 2015

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
	October 2, 2015				October 2, 2015
	Options		Weighted - average exercise price		Options		Weighted - average exercise price
Options outstanding at beginning of period	1,049,716		$	33.15	904,091		$	31.26
Granted	—		$	—	202,345		$	39.54
Exercised	(4,807	)	$	20.40	(57,702	)	$	24.53
Forfeited or expired	(1,573	)	$	34.61	(5,398	)	$	36.88
Options outstanding at October 2, 2015	1,043,336		$	33.21	1,043,336		$	33.21

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
	October 2, 2015			September 26, 2014
Expected option term (years)	5.1			5.1
Expected volatility	29.0		%	37.5		%
Risk-free interest rate	1.6		%	1.5		%
Expected dividend yield	1.6		%	1.7		%
Per share fair value of options granted	$	9.28		$	11.60

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
	October 2, 2015				October 2, 2015
	Restricted  Stock		Weighted- average grant date fair value		Restricted Stock		Weighted- average grant date fair value
Restricted Stock outstanding at beginning of period	187,692		$	37.99	196,553		$	36.29
Granted	—		$	—	79,494		$	40.33
Vested	(100	)	$	23.75	(87,152	)	$	36.30
Forfeited or expired	(561	)	$	34.60	(1,864	)	$	35.87
Restricted Stock outstanding at October 2, 2015	187,031		$	38.00	187,031		$	38.00