Equity Compensation (Tables)

12 Months Ended

Dec. 29, 2019

Equity Compensation

Schedule of Information Pertaining to Option Activity

Information pertaining to option activity during 2019 is as follows (number of options and aggregate intrinsic value in thousands):

				Weighted
				Average
		Weighted		Remaining
	Number	Average		Contractual	Aggregate
	of	Exercise		Term	Intrinsic
	Options	Price		(In Years)	Value
Outstanding at December 30, 2018	1,614	$	54.27
Granted	353		44.05
Exercised	(448)		35.77
Cancelled	(314)		63.72
Outstanding at December 29, 2019	1,205	$	55.67	7.17	$	13,120
Exercisable at December 29, 2019	653	$	58.48	5.90	$	5,704

Summary of the Significant Assumptions Used in Estimating the Fair Value of Options Granted

The following is a summary of the significant assumptions used in estimating the fair value of options granted in 2019, 2018 and 2017:

	2019		2018		2017
Assumptions (weighted average):
Risk-free interest rate	2.5	%	2.7	%	2.0	%
Expected dividend yield	2.1	%	1.5	%	1.0	%
Expected volatility	31.2	%	27.6	%	26.7	%
Expected term (in years)	5.7		5.6		5.6

Summary of the Significant Assumptions Used in Estimating the Fair Value of Performance based Restricted Stock Units Granted

	2019
Assumptions:
Risk-free interest rate	2.5 %
Expected volatility	33.9 %

Schedule of Information Pertaining to Restricted Stock Activity

The fair value of time-based restricted stock and performance-based restricted stock units is based on the market price of the Company’s shares on the grant date. Information pertaining to these awards during 2019 is as follows (shares in thousands):

		Weighted
		Average
		Grant-Date
	Shares	Fair Value
Total as of December 30, 2018	370	$	59.84
Granted	414		46.14
Forfeited	(74)		51.31
Vested	(94)		62.45
Total as of December 29, 2019	616	$	50.90