Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.2.0.727
Share-Based Compensation (Tables)
6 Months Ended
Jul. 04, 2015
Share-based Compensation [Abstract]  
Fair value assumptions for performance awards
The fair values of the senior executives' performance share award grants with a TSR modifier at the grant date in 2015 and 2014 were $56.17 and $41.38, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
 
2015
 
2014
Risk-free interest rate
1.0
%
 
0.6
%
Dividend yield
0.9
%
 
1.0
%
Volatility factor
39.2
%
 
43.7
%
Expected life of award
2.9 years

 
2.9 years