Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.4.0.3
Share-Based Compensation (Tables)
3 Months Ended
Apr. 02, 2016
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 2016 and 2015 were $38.54 and $56.17, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
 
2016
 
2015
Risk-free interest rate
0.8
%
 
1.0
%
Dividend yield
1.0
%
 
0.9
%
Volatility factor
40.8
%
 
39.2
%
Expected life of award
2.9 years

 
2.9 years