Stock-Based Compensation (Tables)

12 Months Ended

Dec. 25, 2021

Share-based Payment Arrangement [Abstract]

Summary of the Stock Option Activity

A summary of the activity and related information follows:

	Stock Options			Restricted Stock Awards			Performance Stock Awards
(Shares in thousands)	Shares	Weighted Average Exercise Price		Shares	Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	793	$	26.81	706	$	30.89	$	495	$	30.50
Granted	28	46.19		91	44.08		142		43.46
Exercised/Released	(194)	24.20		(217)	32.39		—		—
Forfeited	(12)	31.83		(3)	34.20		(13)		29.61
End of period	615	$	28.42	577	$	32.40	624		$	33.46

Weighted Average Assumptions Used in Calculating Fair Value of Stock Options

The weighted average of key assumptions used in determining the fair value of options granted and a discussion of the methodology used to develop each assumption are as follows:

	2021			2020			2019
Fair value of stock options on grant date	$	15.60		$	6.81		$	8.78
Expected term	7.9 years			7.9 years			7.8 years
Expected price volatility	33.6		%	31.9		%	28.6		%
Risk-free interest rate	1.3		%	0.6		%	2.4		%
Dividend yield	1.1		%	1.7		%	1.4		%