XML 52 R41.htm IDEA: XBRL DOCUMENT v3.22.2.2
Share-based Arrangements (Tables)
 9 Months Ended
Sep. 30, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Stock Option Activity Stock option activity was as follows:
For the Three Months EndedFor the Nine Months Ended
September 30, 2022September 30, 2022
OptionsWeighted - average
exercise price		OptionsWeighted - average
exercise price
Options outstanding at beginning of period726,691 $55.32 746,240 $55.14 
Granted39,121 $31.60 39,121 $31.60 
Exercised(2,166)$42.86 (11,842)$41.90 
Forfeited or expired(20,505)$54.53 (30,378)$55.35 
Options outstanding at September 30, 2022
743,141 $54.10 743,141 $54.10 
Fair Value 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 30, 2022October 1, 2021
Expected option term (years)6.54.9
Expected volatility35.5 %35.7 %
Risk-free interest rate2.9 %0.5 %
Expected dividend yield2.0 %1.6 %
Per share fair value of options granted$10.22 $14.89 
Restricted Stock Award and Restricted Stock Unit Activity Restricted stock award and restricted stock unit activity were as follows:
For the Three Months EndedFor the Nine Months Ended
September 30, 2022September 30, 2022
 Restricted  StockWeighted-
average grant
date fair value		Restricted  StockWeighted-
average grant
date fair value
Restricted Stock outstanding at beginning of period152,200 $47.87 135,351 $53.53 
Granted18,988 $31.60 119,003 $40.29 
Vested(3,746)$50.98 (79,075)$49.85 
Forfeited or expired(4,221)$51.21 (12,058)$51.41 
Restricted Stock outstanding at September 30, 2022
163,221 $45.82 163,221 $45.82 
Share-based Payment Arrangement, Performance Shares, Activity Performance stock unit activity was as follows:
For the Three Months EndedFor the Nine Months Ended
September 30, 2022September 30, 2022
 Performance StockWeighted-
average grant
date fair value		Performance StockWeighted-
average grant
date fair value
Performance Stock outstanding at beginning of period180,120 $60.55 70,163 $70.17 
Granted— $— 117,885 $54.87 
Vested— $— — $— 
Forfeited or expired(6,646)$63.87 (14,574)$61.29 
Performance Stock outstanding at September 30, 2022
173,474 $60.42 173,474 $60.42 
Schedule of Share-based Payment Awards, Performance Shares, Valuation Assumptions The following table indicates the weighted-average assumptions used in estimating fair value:
For the Nine Months Ended
 September 30, 2022October 1, 2021
Expected term (years)2.92.9
Expected volatility39.4 %41.3 %
Risk-free interest rate1.7 %0.2 %
Expected dividend yield1.9 %1.4 %
Per share fair value of performance stock granted$68.10$84.49