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SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 27, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Share-Based Compensation Activity
The following table presents share-based compensation activity for the six months ended June 27, 2020 and June 29, 2019 (in millions):
 
 
June 27, 2020
 
June 29, 2019
Total Intrinsic Value of Share-Based Incentive Awards Exercised
 
$
3.1

 
$
3.9

Cash Received from Stock Option Exercises
 
0.2

 
—

Income Tax Benefit from the Exercise of SARs
 
0.4

 
0.2

Total Fair Value of Share-Based Incentive Awards Vested
 
1.8

 
5.3
Schedule of Share-based Payment Award, Valuation Assumptions
The following table presents assumptions used in the Company's Black-Scholes valuation related to grants of SARs:
 
2020
 
2019
Per share weighted average fair value of grants
$
21.23

 
$
20.84

Risk-free interest rate
1.5
%
 
2.4
%
Expected life (years)
7.0

 
7.0

Expected volatility
25.2
%
 
25.0
%
Expected dividend yield
1.4
%
 
1.5
%


The assumptions used in the Company's Monte Carlo simulation were as follows:
 
2020
 
2019
Risk-free interest rate
1.4
%
 
2.3
%
Expected life (years)
3.0

 
3.0

Expected volatility
24.0
%
 
25.0
%
Expected dividend yield
1.4
%
 
1.5
%
Summary of Share-Based Incentive Plan Grant Activity For SAR's
The following table presents a summary of share-based incentive plan grant activity the six months ended June 27, 2020.
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 28, 2019
 
817,790

 
$
73.34

 
6.0
 
$
9.9

Granted
 
181,177

 
88.25

 
 
 
 
Exercised
 
(189,749
)
 
69.29

 
 
 
 
Forfeited
 
(74,355
)
 
76.55

 
 
 
 
Expired
 
(3,058
)
 
66.98

 
 
 
 
Outstanding as of June 27, 2020
 
731,805

 
$
77.78

 
7.0
 
$
5.5

Exercisable as of June 27, 2020
 
306,295

 
$
70.78

 
4.4
 
$
4.1
Summary of RSA Award Activity
The following table presents a summary of RSA award activity for the six months ended June 27, 2020:
 
 
Shares
 
Weighted Average Fair Value at Grant Date
 
Weighted Average Remaining Contractual Term (Years)
Unvested RSAs as of December 28, 2019
 
15,571

 
$
80.41

 
0.4
Granted
 
16,280

 
70.05

 
 
Vested
 
(14,176
)
 
80.68

 
 
Unvested RSAs as of June 27, 2020
 
17,675

 
$
70.65

 
0.8
Summary of RSU Award Activity
The following table presents a summary of RSU award activity for the six months ended June 27, 2020:
 
 
Shares
 
Weighted Average Fair Value at Grant Date
 
Weighted Average Remaining Contractual Term (Years)
Unvested RSUs as of December 28, 2019
 
175,025

 
$
78.19

 
1.9
Granted
 
66,446

 
85.65

 
 
Vested
 
(48,401
)
 
80.24

 
 
Forfeited
 
(20,685
)
 
77.98

 
 
Unvested RSUs as of June 27, 2020
 
172,385

 
$
80.52

 
2.1
Summary of PSU Award Activity
The following table presents a summary of PSU activity for the six months ended June 27, 2020:
 
 
Shares
 
Weighted Average Fair Value at Grant Date
 
Weighted Average Remaining Contractual Term (Years)
Unvested PSUs as of December 28, 2019
 
90,565

 
$
86.35

 
1.9
Granted
 
42,677

 
99.74

 
 
Vested
 
(7,430
)
 
95.30

 
 
Forfeited
 
(27,014
)
 
86.85

 
 
Unvested PSUs as of June 27, 2020
 
98,798

 
$
91.32

 
2.2