Equity Compensation (Tables)

12 Months Ended

Dec. 26, 2021

Equity Compensation

Schedule of Information Pertaining to Option Activity

Information pertaining to option activity during 2021 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 27, 2020	564	$	54.82
Exercised	(212)		56.41
Cancelled	(33)		46.18
Outstanding at December 26, 2021	319	$	54.65	5.68	$	24,870
Exercisable at December 26, 2021	258	$	57.14	5.33	$	19,502

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 (none granted in 2021 or 2020, respectively):

	2019
Assumptions (weighted average):
Risk-free interest rate	2.5	%
Expected dividend yield	2.1	%
Expected volatility	31.2	%
Expected term (in years)	5.7

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

	2021		2020		2019
Assumptions:
Risk-free interest rate	0.2	%	0.9	%	2.5	%
Expected volatility	48.3	%	36.3	%	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 2021 is as follows (shares in thousands):

		Weighted
		Average
		Grant-Date
	Shares	Fair Value
Total as of December 27, 2020	667	$	54.33
Granted	203		98.05
Forfeited	(57)		60.90
Vested	(231)		56.41
Total as of December 26, 2021	582	$	68.06