Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Schedule of share-based compensation activity

The table below presents share-based compensation activity for the fiscal years ended 2022, 2021 and 2020:

	2022	2021	2020
Total Intrinsic Value of Share-Based Incentive Awards Exercised	$7.8	$11.3	$6.7
Cash Received from Stock Option Exercises	3.5	2.6	0.2
Income Tax Benefit from the Exercise of Stock Options	6.1	2.7	—
Total Fair Value of Share-Based Incentive Awards Vested	8.2	4.5	2.1

Assumptions used in Valuation for Options, SAR's, and Performance Share Units

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

	2022	2021	2020
Per Share Weighted Average Fair Value of Grants	$42.21	$25.97	$21.23
Risk-Free Interest Rate	1.8%	0.7%	1.5%
Expected Life (Years)	4.0	4.2	7.0
Expected Volatility	35.3%	34.1%	25.2%
Expected Dividend Yield	0.9%	0.9%	1.4%

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

	December 31, 2022	January 1, 2022	January 2, 2021
Risk-free interest rate	1.8%	0.2%	1.4%
Expected life (years)	3.0	3.0	3.0
Expected volatility	38.0%	37.0%	24.0%
Expected dividend yield	—%	0.9%	1.4%

Share-based Incentive Plan Grant Activity (Options and SAR's)

Following is a summary of share-based incentive plan activity (options and SARs) for fiscal 2022:

Number of Shares Under Options and SARs	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding as of January 1, 2022	811,906	$	81.50
Granted	135,634	150.23
Exercised	(108,609)	64.98
Forfeited	(27,797)	149.24
Expired	(2,994)	76.86
Outstanding as of December 31, 2022	808,140	$	92.94	6.3	$	27.1
Exercisable as of December 31, 2022	475,123	$	74.93	5.1	$	22.0

RSA Award Activity

Following is the summary of RSAs activity for fiscal 2022:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (years)
Unvested RSAs as of January 1, 2022	9,018	$	144.73	0.5
Granted	10,287	131.27
Vested	(9,018)	144.73
Unvested RSAs as of December 31, 2022	10,287	$	131.27	0.4

RSU Award Activity

Following is the summary of RSUs activity for fiscal 2022:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (years)
Unvested RSUs as of January 1, 2022	220,898	$	119.59	1.8
Granted	94,791	147.70
Vested	(128,166)	114.90
Forfeited	(31,110)	137.27
Unvested RSUs as of December 31, 2022	156,413	$	136.95	1.9

PSU Award Activity

Following is the summary of PSUs activity for fiscal 2022:

	Shares	Weighted Average Fair Value at Grant Date		Weighted Average Remaining Contractual Term (years)
Unvested PSUs as of January 1, 2022	99,867	$	108.28	1.6
Granted	41,078	151.27
Vested	(28,653)	78.09
Forfeited	(4,627)	146.61
Unvested PSUs as of December 31, 2022	107,665	$	131.07	1.8