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Share-Based Compensation
 9 Months Ended
Sep. 26, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation
Share-Based Compensation
The Company has various plans that provide for granting restricted stock units, performance stock units, restricted stock and stock options to certain employees and independent directors of the Company and its subsidiaries. The Company recognizes compensation expense for share-based payments based on the fair value of the awards at the grant date. The Black-Scholes valuation model is used to determine the fair value of non-qualified stock options. The fair value of performance stock units is determined using a Monte Carlo simulation model. Restricted stock units and restricted stock awards fair value is based on the Company market stock price on the date of grant. The table below summarizes share-based compensation for the three and nine fiscal months ended September 26, 2014 and September 27, 2013 (in millions).
 
Three Fiscal Months Ended
 
September 26, 2014
 
September 27, 2013
Non-qualified stock option expense
$
0.5

 
$
1.5

Non-vested stock awards expense
2.8

 
2.2

Immediately vested stock awards expense
0.1

 
—

Total pre-tax share-based compensation expense
$
3.4

 
$
3.7

Excess tax benefit (deficiency) on share-based compensation (1)
$
(0.5
)
 
$
—

 
Nine Fiscal Months Ended
 
September 26, 2014
 
September 27, 2013
Non-qualified stock option expense
$
2.3

 
$
4.2

Non-vested stock awards expense
9.5

 
6.0

Immediately vested stock awards expense
0.8

 
—

Total pre-tax share-based compensation expense
$
12.6

 
$
10.2

Excess tax benefit (deficiency) on share-based compensation (1)
$
(0.6
)
 
$
0.1

(1)
Cash inflows (outflows) recognized as financing activities in the Condensed Consolidated Statements of Cash Flows.
The Company records share-based compensation expense as a component of Selling, general and administrative expenses.