STOCK-BASED COMPENSATION |
3 Months Ended | ||||||||||||
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Mar. 27, 2022 | |||||||||||||
| Share-based Payment Arrangement [Abstract] | |||||||||||||
| STOCK-BASED COMPENSATION |
The Company recorded stock-based compensation expense of approximately $5.1 million and $4.3 million in the first quarter ended March 27, 2022 and March 28, 2021, respectively, for its stock-based compensation plans in the condensed consolidated statements of income.
The Board approved various stock-based grants under the Company’s 2009 Omnibus Incentive Plan in the first quarter ended March 27, 2022 totaling 220,450 shares in the aggregate at an average fair value of $64.74 at grant date for a total fair value at grant date of $14.4 million.
As of March 27, 2022, there was approximately $35.3 million of total unrecognized compensation cost related to stock-based compensation arrangements granted under incentive plans. That cost is expected to be recognized over a weighted-average period of 21.1 months.
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