2.0.0.10 false Stock-based Compensation 190008 - Disclosure - Stock-based Compensation true false false false 1 usd $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Stock-based Compensation [Abstract] 0 wat_StockBasedCompensationAbstract wat false na duration string Stock-based Compensation [Abstract] false false false false false true false false false false false false 1 false false false false 0 0 false false false Stock-based Compensation [Abstract] false 3 Stock-based Compensation 1 us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <div><div><a name="_AUC1426bc59ee8949119c8d67bd4ffd062e">8  Stock-Based Compensation</a>   The Company maintains various shareholder-approved, stock-based compensation plans which allow for the issuance of incentive or non-qualified stock options, stock appreciation rights, restricted stock or other types of awards (e.g. restricted stock units).   The Company accounts for stock-based compensation costs in accordance with the accounting standards for stock-based compensation, which require that all share-based payments to employees be recognized in the statements of operations based on their fair values. The Company recognizes the expense using the straight-line attribution method. The stock-based compensation expense recognized in the consolidated statements of operations is based on awards that ultimately are expected to vest; therefore, the amount of expense has been reduced for estimated forfeitures. The stock-based compensation accounting standards require forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on historical experience. If actual results differ significantly from these estimates, stock-based compensation expense and the Company’s results of operations could be materially impacted. In addition, if the Company employs different assumptions in the application of this standard, the compensation expense that the Company records in the future periods may differ significantly from what the Company has recorded in the current period.   The consolidated statements of operations for the three months ended April 3, 2010 and April 4, 2009 include the following stock-based compensation expense related to stock option awards, restricted stock, restricted stock unit awards and the employee stock purchase plan (in thousands):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="font-size: 10.0pt; font-family: 'Times New Roman'; border-collapse: separate;"> <tr> <td width="604" valign="bottom" style="width: 362.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;">   </td> <td colspan="2" valign="bottom" style="border-top: 0px; padding: 0in 2.35pt 0in 2.35pt;">          Three Months Ended         </td> </tr> <tr> <td width="604" valign="bottom" style="width: 362.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;">   </td> <td width="90" valign="bottom" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">       April 3, <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">         2010         </td> <td width="90" valign="bottom" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">       April 4, <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">         2009         </td> </tr> <tr> <td width="604" valign="top" style="width: 362.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Cost of sales </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$           625 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$           728 </td> </tr> <tr> <td width="604" valign="top" style="width: 362.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Selling and administrative expenses </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">          4,657 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">          6,034 </td> </tr> <tr> <td width="604" valign="top" style="width: 362.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Research and development expenses </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">              749 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">              586 </td> </tr> <tr> <td width="604" valign="top" style="width: 362.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> </tr> <tr> <td width="604" valign="top" style="width: 362.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Total stock-based compensation </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$        6,031 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$        7,348 </td> </tr> </table>   As of both April 3, 2010 and December 31, 2009, the Company has capitalized stock-based compensation costs of less than $1 million in inventory in the consolidated balance sheets. As of both April 3, 2010 and December 31, 2009, the Company has capitalized stock-based compensation costs of $3 million in capitalized software in the consolidated balance sheets. The reduction in stock-based compensation expense for the three months ended April 3, 2010 as compared to the three months ended April 4, 2009 is primarily a result of a shift over time in stock-based compensation grants from stock options to restricted stock units.   Stock Options In determining the fair value of the stock options, the Company makes a variety of assumptions and estimates, including volatility measures, expected yields and expected stock option lives. The fair value of each option grant was estimated on the date of grant using the Black-Scholes option pricing model. The Company uses implied volatility on its publicly traded options as the basis for its estimate of expected volatility. The Company believes that implied volatility is the most appropriate indicator of expected volatility because it is generally reflective of historical volatility and expectations of how future volatility will differ from historical volatility. The expected life assumption for grants is based on historical experience for the population of non-qualified stock optionees. The risk-free interest rate is the yield currently available on U.S. Treasury zero-coupon issues with a remaining term approximating the expected term used as the input to the Black-Scholes model. The relevant data used to determine the value of the stock options granted during the three months ended April 3, 2010 and April 4, 2009 are as follows:   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="font-size: 10.0pt; font-family: 'Times New Roman'; border-collapse: separate;"> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> Options Issued and Significant Assumptions Used to Estimate Option Fair Values </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            April 3, <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">              2010              </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            April 4, <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">              2009              </td> </tr> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Options issued in thousands </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            32 </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            28 </td> </tr> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Risk-free interest rate </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">          3.0% </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">          2.0% </td> </tr> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Expected life in years </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">           6.0 </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">           6.0 </td> </tr> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Expected volatility </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">          .293 </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">          .570 </td> </tr> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Expected dividends </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            — </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            — </td> </tr> </table>   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="font-size: 10.0pt; font-family: 'Times New Roman'; border-collapse: separate;"> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> Weighted-average Exercise Price and Fair Values of Options on the Date of Grant </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            April 3,           <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">              2010              </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            April 4, <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">              2009              </td> </tr> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Exercise price </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$       61.63 </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$       38.09 </td> </tr> <tr> <td width="529" valign="top" style="width: 317.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Fair value </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$       21.40 </td> <td width="132" valign="top" style="width: 1.1in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">$       20.71 </td> </tr> </table>   The following table summarizes stock option activity for the plans (in thousands, except per share data):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="font-size: 10.0pt; font-family: 'Times New Roman'; border-collapse: separate;"> <tr> <td width="421" valign="top" style="width: 252.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;">     </td> <td valign="top" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: .0001pt; font-size: 12.0pt; font-family: 'Times New Roman'; text-align: center; line-height: 93%; text-autospace: none; white-space: nowrap;">  Number of Shares </td> <td valign="top" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: .0001pt; font-size: 12.0pt; font-family: 'Times New Roman'; text-align: center; line-height: 93%; text-autospace: none; white-space: nowrap;">       Price per Share     </td> <td width="137" valign="top" style="width: 81.9pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> Weighted Average      Exercise Price     </td> </tr> <tr> <td width="421" valign="bottom" style="width: 252.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 5.05pt; margin-left: 5.05pt; text-indent: -5.05pt; line-height: 94%; text-autospace: none; white-space: nowrap;">Outstanding at December 31, 2009 </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">                6,857 </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$21.05 to $80.97 </td> <td width="137" valign="bottom" style="width: 81.9pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            $47.58 </td> </tr> <tr> <td width="421" valign="bottom" style="width: 252.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 5.05pt; margin-left: 8.05pt; text-indent: -5.05pt; line-height: 94%; text-autospace: none; white-space: nowrap;">Granted </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">                      32 </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$61.63 </td> <td width="137" valign="bottom" style="width: 81.9pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            $61.63 </td> </tr> <tr> <td width="421" valign="bottom" style="width: 252.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 5.05pt; margin-left: 7.3pt; text-indent: -5.05pt; line-height: 94%; text-autospace: none; white-space: nowrap;">Exercised </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">                  (210) </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$21.39 to $49.31 </td> <td width="137" valign="bottom" style="width: 81.9pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: -9.0pt; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            $38.39 </td> </tr> <tr> <td width="421" valign="bottom" style="width: 252.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 5.05pt; margin-left: 7.3pt; text-indent: -5.05pt; line-height: 94%; text-autospace: none; white-space: nowrap;">Canceled </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">                      (8) </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$49.31 to $72.06 </td> <td width="137" valign="bottom" style="width: 81.9pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            $69.84 </td> </tr> <tr> <td width="421" valign="bottom" style="width: 252.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 5.05pt; margin-left: 7.3pt; text-indent: -5.05pt; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td width="137" valign="bottom" style="width: 81.9pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> </tr> <tr> <td width="421" valign="bottom" style="width: 252.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 5.05pt; margin-left: 5.05pt; text-indent: -5.05pt; line-height: 94%; text-autospace: none; white-space: nowrap;">Outstanding at April 3, 2010 </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">                6,671 </td> <td valign="bottom" style="padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$21.05 to $80.97 </td> <td width="137" valign="bottom" style="width: 81.9pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            $47.91 </td> </tr> </table>   Restricted Stock During the three months ended April 3, 2010, the Company granted twelve thousand shares of restricted stock. The fair value of these awards on the grant date was $61.63. The restrictions on these shares lapse at the end of a three-year period.   Restricted Stock Units The following table summarizes the unvested restricted stock unit award activity for the three months ended April 3, 2010 (in thousands, except for per share amounts):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="font-size: 10.0pt; font-family: 'Times New Roman'; border-collapse: separate;"> <tr> <td width="619" valign="top" style="width: 371.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">  <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">     Shares      </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: justify; line-height: 94%; text-autospace: none; white-space: nowrap;">    Weighted- <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: justify; line-height: 94%; text-autospace: none; white-space: nowrap;">Average Price </td> </tr> <tr> <td width="619" valign="top" style="width: 371.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Unvested at December 31, 2009 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">           783 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$ 45.30 </td> </tr> <tr> <td width="619" valign="top" style="width: 371.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Granted </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">           217 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$ 62.24 </td> </tr> <tr> <td width="619" valign="top" style="width: 371.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Vested </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">          (214) </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$ 46.91 </td> </tr> <tr> <td width="619" valign="top" style="width: 371.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Forfeited </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">            (10) </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$ 46.32 </td> </tr> <tr> <td width="619" valign="top" style="width: 371.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">  </td> </tr> <tr> <td width="619" valign="top" style="width: 371.35pt; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">Unvested at April 3, 2010 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; line-height: 94%; text-autospace: none; white-space: nowrap;">           776 </td> <td width="90" valign="top" style="width: .75in; padding: 0in 2.35pt 0in 2.35pt; border-top: 0px;"> <p class="MsoNormal" align="center" style="margin: 0in; margin-bottom: 1.0pt; font-size: 12.0pt; font-family: 'Times New Roman'; margin-top: 1.0pt; margin-right: 0in; margin-left: 0in; text-align: center; line-height: 94%; text-autospace: none; white-space: nowrap;">$ 49.58 </td> </tr> </table>   Restricted stock units are generally granted annually in February and vest in equal annual installments over a five-year period.   </div></div> 8  Stock-Based Compensation   The Company maintains various shareholder-approved, stock-based compensation plans which allow for the issuance of false false false Disclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 false false 1 2 false UnKnown UnKnown UnKnown false true