SHAREHOLDERS' EQUITY (Tables)
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6 Months Ended |
Jun. 29, 2019 |
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| Stockholders' Equity Note [Abstract] |
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| Schedule Of Share-Based Compensation Activity |
The following table presents share-based compensation activity for the six months ended June 29, 2019 and June 30, 2018 (in millions): | | | | | | | | | | | | June 29, 2019 | | June 30, 2018 | Total Intrinsic Value of Share-Based Incentive Awards Exercised | | $ | 3.9 |
| | $ | 3.6 |
| Income Tax (Expense) Benefit from the Exercise of SARs | | 0.2 |
| | (0.1 | ) | Total Fair Value of Share-Based Incentive Awards Vested | | 5.3 |
| | 4.0 |
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The assumptions used in the Company's Monte Carlo simulation were as follows: | | | | | | | | June 29, 2019 | | June 30, 2018 | Risk-free interest rate | 2.3 | % | | 2.7 | % | Expected life (years) | 3.0 |
| | 3.0 |
| Expected volatility | 25.0 | % | | 25.0 | % | Expected dividend yield | 1.5 | % | | 1.4 | % |
The following table presents assumptions used in the Company's Black-Scholes valuation related to grants of SARs: | | | | | | | | | | 2019 | | 2018 | Per share weighted average fair value of grants | $ | 20.84 |
| | $ | 22.73 |
| Risk-free interest rate | 2.4 | % | | 2.9 | % | Expected life (years) | 7.0 |
| | 7.0 |
| Expected volatility | 25.0 | % | | 27.8 | % | Expected dividend yield | 1.5 | % | | 1.4 | % |
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| Summary Of Share-Based Incentive Plan Grant Activity For Options and SAR's |
The following table presents a summary of share-based incentive plan grant activity the six months ended June 29, 2019. | | | | | | | | | | | | | | Number of Shares Under SARs | Shares | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Term (Years) | | Aggregate Intrinsic Value (in millions) | Outstanding as of December 29, 2018 | 1,539,368 |
| | $ | 69.31 |
| | 5.6 | | $ | 16.0 |
| Granted | 188,809 |
| | 81.81 |
| | | | | Exercised | (202,858 | ) | | 64.12 |
| | | | | Forfeited | (6,990 | ) | | 75.48 |
| | | | | Expired | (250 | ) | | 42.65 |
| | | | | Outstanding as of June 29, 2019 | 1,518,079 |
| | $ | 71.53 |
| | 5.9 | | $ | 15.5 |
| Exercisable as of June 29, 2019 | 1,078,435 |
| | $ | 69.21 |
| | 4.8 | | $ | 13.5 |
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| Summary Of RSA Award Activity |
The following table presents a summary of RSA award activity for the six months ended June 29, 2019: | | | | | | | | | | | | | Shares | | Weighted Average Fair Value at Grant Date | | Weighted Average Remaining Contractual Term (Years) | Unvested RSAs as of December 29, 2018 | | 15,660 |
| | $ | 74.38 |
| | 0.4 | Granted | | 14,176 |
| | 80.68 |
| | | Vested | | (15,660 | ) | | 74.38 |
| | | Unvested RSAs as of June 29, 2019 | | 14,176 |
| | $ | 80.68 |
| | 0.9 |
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| Summary Of RSU Award Activity |
The following table presents a summary of RSU award activity for the six months ended June 29, 2019: | | | | | | | | | | | | | | | | | Shares | | Weighted Average Fair Value at Grant Date | | Weighted Average Remaining Contractual Term (Years) | Unvested RSUs as of December 29, 2018 | | 234,824 |
| | $ | 69.78 |
| | 1.6 | Granted | | 91,428 |
| | 79.03 |
| | | Vested | | (133,744 | ) | | 64.21 |
| | | Forfeited | | (3,367 | ) | | 71.21 |
| | | Unvested RSUs as of June 29, 2019 | | 189,141 |
| | $ | 78.16 |
| | 2.3 |
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| Summary Of PSU Award Activity |
The following table presents a summary of PSU activity for the six months ended June 29, 2019: | | | | | | | | | | | | | | | | | Shares | | Weighted Average Fair Value at Grant Date | | Weighted Average Remaining Contractual Term (Years) | Unvested PSUs as of December 29, 2018 | | 167,840 |
| | $ | 71.71 |
| | 1.8 | Granted | | 43,683 |
| | 85.54 |
| | | Vested | | (60,266 | ) | | 65.71 |
| | | Forfeited | | (36,869 | ) | | 56.28 |
| | | Unvested PSUs as of June 29, 2019 | | 114,388 |
| | $ | 86.31 |
| | 2.2 |
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