Share-Based Payment Arrangements (Tables)

12 Months Ended

Dec. 30, 2023

Amounts Recognized in Financial Statements with Respect to Plans

Amounts recognized in the financial statements with respect to these Plans are as follows (in thousands):

	Fiscal Years
	2023			2022			2021
Total cost of the Plans during the period	$	4,282		$	12,399		$	27,537
Amount of related income tax benefit recognized during the period		(3,622	)		(5,199	)		(7,063	)
Net cost of the Plans during the period	$	660		$	7,200		$	20,474

Schedule of Information on Restricted Stock Units

The following table summarizes information regarding the Company’s outstanding restricted stock unit (“RSU”) awards with either a performance condition or a market condition under the Plans:

	Number of RSUs			Weighted Average Grant Date Fair Value
Outstanding at December 26, 2020		183,213		$	93.44
Granted		46,342		$	128.64
Shares earned in excess of target (1)		7,132		$	31.97
Vested shares, including shares earned in excess of target		(24,600	)	$	59.85
Forfeited		(2,688	)	$	107.76
Outstanding at December 25, 2021		209,399		$	102.90
Granted		50,019		$	139.44
Shares earned in excess of target (2)		91,497		$	92.58
Vested shares, including shares earned in excess of target		(177,146	)	$	95.48
Forfeited		(21,989	)	$	113.85
Outstanding at December 31, 2022		151,780		$	115.80
Granted		41,638		$	164.91
Shares earned in excess of target (3)		79,176		$	98.39
Vested shares, including shares earned in excess of target		(137,861	)	$	97.97
Forfeited		(2,011	)	$	142.67
Outstanding at December 30, 2023		132,722		$	138.93

 

(1) Represents shares earned in excess of target under the May 1, 2015 RSU award as total shareholder return exceeded the target under the award.

(2) Represents additional shares earned under each of the February 2, 2017, February 2, 2018 and February 1, 2019 RSU awards, as fiscal year 2021 financial results exceeded target performance level under each such award.

(3) Represents additional shares earned (i) under the February 1, 2019 and January 31, 2020 RSU awards as fiscal year 2022 financial results exceeded target performance level and (ii) under the April 24, 2018 and July 1, 2019 RSU awards as total shareholder return during the applicable performance period exceeded target performance level under each of those awards.

Schedule of Information on Non-Vested Restricted Stock and Deferred Stock Units

The following table summarizes information regarding the Company’s outstanding shares of non-vested restricted stock and Deferred Stock Units (defined below) under the Plans:

	Number of Shares and Deferred Stock Units			Weighted Average Grant Date Fair Value
Non-vested at December 26, 2020		60,440		$	103.65
Granted		26,351		$	150.20
Vested		(29,055	)	$	104.35
Forfeited		(1,300	)	$	97.81
Non-vested at December 25, 2021		56,436		$	125.16
Granted		25,354		$	152.54
Vested		(27,074	)	$	122.68
Forfeited		(6,921	)	$	144.45
Non-vested at December 31, 2022		47,795		$	138.30
Granted		22,714		$	179.32
Vested		(24,161	)	$	138.35
Non-vested at December 30, 2023		46,348		$	158.38

Summary of Information Regarding Stock Options

The following table summarizes information regarding the Company’s outstanding stock options under the Plans:

	Options Outstanding					Options Exercisable
	Number of Options			Weighted Average Exercise Price per Share		Number of Options		Weighted Average Exercise Price per Share
Options at December 26, 2020		17,650		$	54.16		17,650	$	54.16
Exercised		(9,080	)	$	52.97
Options at December 25, 2021		8,570		$	55.42		8,570	$	55.42
Exercised		(6,670	)	$	55.14
Options at December 31, 2022		1,900		$	56.40		1,900	$	56.40
Exercised		(1,900	)	$	56.40
Options at December 30, 2023		—					—