Share-Based Arrangements (Tables)

3 Months Ended

Apr. 01, 2016

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
	April 1, 2016
	Options		Weighted - average exercise price
Options outstanding at beginning of period	1,040,036		$	33.22
Granted	230,197		$	42.86
Exercised	(49,363	)	$	30.56
Forfeited or expired	(4,575	)	$	34.64
Options outstanding at April 1, 2016	1,216,295		$	35.14

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
	April 1, 2016			April 3, 2015
Expected option term (years)	5.2			5.1
Expected volatility	26.0		%	29.0		%
Risk-free interest rate	1.2		%	1.6		%
Expected dividend yield	1.8		%	1.6		%
Per share fair value of options granted	$	8.63		$	9.28

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
	April 1, 2016
	Restricted  Stock		Weighted- average grant date fair value
Restricted Stock outstanding at beginning of period	183,543		$	37.80
Granted	57,520		$	42.77
Vested	(57,237	)	$	36.12
Forfeited or expired	(1,038	)	$	37.83
Restricted Stock outstanding at April 1, 2016	182,788		$	39.90