selected option in select tag laravel

<select name="company_id" id="" class="form-control">
                    <option value="">Select Company</option>
                    @foreach ($companies as $company)
                        <option value="{{$company->id}}" {{($company->id == $employee->company_id) ? 'selected': ''}}>{{$company->name}}</option>
                    @endforeach
                </select>