STOCK-BASED COMPENSATION |
3 Months Ended | ||||||||||||
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Mar. 28, 2021 | |||||||||||||
| Share-based Payment Arrangement [Abstract] | |||||||||||||
| STOCK-BASED COMPENSATION |
The Company recorded expense of approximately $4.3 million for each of the first quarters ended March 28, 2021 and March 29, 2020, 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 of 2021 totaling 218,254 shares in the aggregate at an average fair value of $72.63 at grant date for a total fair value at grant date of $15.9 million.
As of March 28, 2021, there was approximately $33.9 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 22.8 months.
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