SHAREHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 26, 2020

Stockholders' Equity Note [Abstract]

Schedule of Share-Based Compensation Activity

The following table presents share-based compensation activity for the nine months ended September 26, 2020 and September 28, 2019 (in millions):

	September 26, 2020		September 28, 2019
Total Intrinsic Value of Share-Based Incentive Awards Exercised	$	5.7	$	5.1
Cash Received from Stock Option Exercises	0.2		—
Income Tax Benefit from the Exercise of SARs	0.4		(0.1)
Total Fair Value of Share-Based Incentive Awards Vested	1.8		5.4

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 for the nine months ended September 26, 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	(299,816)	69.29
Forfeited	(92,352)	76.99
Expired	(3,308)	67.38
Outstanding as of September 26, 2020	603,491	$	79.00	4.5	$	5.7
Exercisable as of September 26, 2020	197,612	$	70.73	4.5	$	4.4

Summary of RSA Award Activity

The following table presents a summary of RSA award activity for the nine months ended September 26, 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	(15,148)	80.29
Unvested RSAs as of September 26, 2020	16,703	$	70.42	0.6

Summary of RSU Award Activity

The following table presents a summary of RSU award activity for the nine months ended September 26, 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	66,815	85.68
Vested	(49,259)	80.20
Forfeited	(27,288)	78.11
Unvested RSUs as of September 26, 2020	165,293	$	80.63	1.9

Summary of PSU Award Activity

The following table presents a summary of PSU activity for the nine months ended September 26, 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	(7,545)	95.33
Forfeited	(30,987)	86.59
Unvested PSUs as of September 26, 2020	94,710	$	91.59	2.0