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Shareholders' Equity (Tables)

9 Months Ended

Sep. 27, 2014

Stockholders' Equity Note [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The assumptions used in the Company's Black-Scholes valuation related to grants for options and SARs were as follows:



	September 27, 2014		September 28, 2013
Risk-free interest rate	2.0	%	1.1	%
Expected life (years)	7.0		7.0
Expected volatility	37.7	%	38.5	%
Expected dividend yield	1.2	%	1.2	%

Summary of Share-Based Awards

A summary of share-based awards (options and SARs) as of September 27, 2014 follows below. Forfeitures of share-based awards during the nine months ended September 27, 2014 were immaterial.



Number of Shares	Shares	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding	1,498,486	$59.27	6.1	$	13.2
Exercisable	878,054	$53.10	4.7	12.3

Nonvested Restricted Stock Shares Activity [Table Text Block]

Following is a summary of RSA award activity for the nine months ended September 27, 2014:



	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (Years)
Unvested RSAs at December 28, 2013	40,717	$	66.50	0.8
Granted	12,144	75.76
Vested	28,047	67.83
Forfeited	—	—
Unvested RSAs September 27, 2014	24,814	$	69.53	0.6

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

Following is a summary of RSU award activity for the nine months ended September 27, 2014:



	Shares	Weighted Average Fair Value at Grant Date	Weighted Average Remaining Contractual Term (Years)
Unvested RSUs at December 28, 2013	210,264	65.57	1.9
Granted	83,850	75.41
Vested	47,048	70.89
Forfeited	5,885	63.51
Unvested RSUs at September 27, 2014	241,181	68.00	2.0

Schedule of Weighted Average Assumptions to Measure Grant Date Fair Values of Performance Share Awards

The assumptions used in the Company's Monte Carlo simulation related to grants for PSUs were as follows:



	September 27, 2014		September 28, 2013
Risk-free interest rate	0.9	%	0.3	%
Expected life (years)	3.0		3.0
Expected volatility	32.0	%	35.0	%
Expected dividend yield	1.1	%	1.2	%

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

ollowing is a summary of PSU activity for the nine months ended September 27, 2014:



	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (Years)
Unvested PSUs at December 28, 2013	35,730	$	56.71	2.4
Granted	25,310	83.74
Vested	—	—
Forfeited	1,645	56.71
Unvested PSUs at September 27, 2014	59,395	$	68.23	2.2

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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