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Shareholders' Equity (Tables)

12 Months Ended

Jan. 03, 2015

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



	2014			2013			2012
Per share weighted average fair value of grants	$	28.01		$	23.01		$	22.45
Risk-free interest rate	2.0		%	1.1		%	1.3		%
Expected life (years)	7.0			7.0			7.0
Expected volatility	37.7		%	38.5		%	37.6		%
Expected dividend yield	1.2		%	1.2		%	1.2		%

Following is a summary of share-based incentive plan grant activity (options and SAR's) for fiscal 2014.



Number of Shares Under Options and SAR's	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding at December 28, 2013	1,563,270		$	56.04
Granted	148,955		75.76
Exercised	(163,742	)	43.01
Forfeited	(59,651	)	60.21
Outstanding at January 3, 2015	1,488,832		59.34		5.8	$	23.9
Exercisable at January 3, 2015	878,489		53.20		4.4	19.5

Following is a summary of RSA award activity for fiscal 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 January 3, 2015	24,814		$	69.53	0.3

Following is a summary of RSU award activity for fiscal 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	89,050		74.77
Vested	(53,503	)	69.01
Forfeited	(7,865	)	64.36
Unvested RSUs at January 3, 2015	237,946		$	68.28	1.8

Following is a summary of PSU award activity for fiscal 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	(1,925	)	57.83
Unvested PSUs January 3, 2015	59,115		$	68.25	2.0