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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 28, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average Assumptions of Options Granted
The fair value of options granted in 2013, 2012 and 2011 was estimated assuming no dividends and using the following weighted average assumptions:
 
 
Fiscal Year Ended
 
2013
 
2012
 
2011
Expected life of stock options
3.1 years
 
5.0 years
 
5.0 years
Risk-free interest rate
0.57%
 
0.89%
 
2.11%
Expected stock volatility
25.9%
 
34.6%
 
32.7%
Fair value of options granted
$3.62
 
$5.79
 
$6.35
Stock Option Activity
Stock option activity under the 2011 Amended Plan was as follows for the three years ended December 28, 2013:
 
 
No. of Shares
 
Weighted-
Average
Price
 
Weighted-Average
Remaining
Contractual
Term
(in Years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2011
10,415

 
$
16.41

 
3.7
 
 
Granted
40

 
19.62

 
 
 
 
Exercised
(2,397
)
 
15.44

 
 
 
 
Forfeited/cancelled/expired
(42
)
 
16.25

 
 
 
 
Outstanding at December 31, 2011
8,016

 
16.72

 
2.8
 
 
Granted
51

 
18.31

 
 
 
 
Exercised
(2,116
)
 
14.80

 
 
 
 
Forfeited/cancelled/expired
(306
)
 
18.37

 
 
 
 
Outstanding at December 29, 2012
5,645

 
17.36

 
2.7
 
 
Granted
1,452

 
25.70

 
 
 
 
Exercised
(2,619
)
 
16.56

 
 
 
 
Forfeited/cancelled/expired
(291
)
 
20.14

 
 
 
 
Outstanding at December 28, 2013
4,187

 
20.56

 
3.1
 
$
15,469

Vested and expected to vest at December 28, 2013
4,022

 
20.34

 
3.1
 
$
15,469

Exercisable at December 28, 2013
2,783

 
17.83

 
2.7
 
$
15,444

Stock Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding and exercisable at December 28, 2013:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
Number
Outstanding  at
December 28,
2013
 
Weighted-
Average
Remaining
Life
 
Weighted-
Average
Exercise
Price
 
Number
Exercisable  at
December 28,
2013
 
Weighted-
Average
Exercise
Price
$10.62 – $17.80
1,296

 
2.8
 
$
15.96

 
1,292

 
$
15.96

$17.92 – $20.70
1,474

 
2.6
 
19.43

 
1,474

 
19.43

$20.80 – $21.60
17

 
3.2
 
21.50

 
17

 
21.50

$26.00 – $26.00
1,400

 
3.9
 
26.00

 

 

 
4,187

 
3.1
 
20.56

 
2,783

 
17.83

Activity Related to Restricted Stock and Restricted Stock Units
Activity related to restricted stock and restricted stock units was as follows for the three years ended December 28, 2013:
 
 
Number of
Shares
 
Weighted-
Average
Grant Date
Fair Value
Non-vested at January 1, 2011
5,110

 
$
10.84

Granted
1,961

 
19.37

Vested
(1,145
)
 
9.92

Forfeited
(1,006
)
 
18.02

Non-vested at December 31, 2011
4,920

 
12.98

Granted
2,866

 
17.21

Vested
(2,132
)
 
12.79

Forfeited
(147
)
 
17.66

Non-vested at December 29, 2012
5,507

 
15.13

Granted
4,071

 
19.26

Vested
(2,101
)
 
18.34

Forfeited
(447
)
 
17.74

Non-vested at December 28, 2013
7,030

 
16.39