XML 61 R42.htm IDEA: XBRL DOCUMENT v3.3.1.900
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of assumptions used in estimating fair value of each option grant
 
2015
 
2014
 
2013
Expected volatility
34.13
%
 
32.27
%
 
33.26
%
Risk-free interest rate
1.58
%
 
1.43
%
 
1.16
%
Expected life from vesting date
3.0 yrs

 
3.0 yrs

 
3.0 yrs

Dividend yield
0.94
%
 
0.75
%
 
0.72
%
Summary of activity of stock plans
Following is a summary of the activity of the stock plans during 2013, 2014 and 2015:
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding at December 29, 2012
868,992

 
$
84.91

 
 
 
 
Granted
155,254

 
144.86

 
 
 
 
Exercised
(216,105
)
 
(72.17
)
 
 
 
 
Forfeited
(12,920
)
 
(129.08
)
 
 
 
 
Outstanding at December 28, 2013
795,221

 
$
99.29

 
4.56
 
$
39,994

Options vested or expected to vest at December 28, 2013
775,237

 
$
98.41

 
4.51
 
39,678

Options exercisable at December 28, 2013
464,377

 
$
81.73

 
3.58
 
31,508

The weighted average per share fair value of options granted during 2013, was $37.88.



(11) STOCK-BASED COMPENSATION (Continued)
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding at December 28, 2013
795,221

 
$
99.29

 
 
 
 
Granted
177,717

 
132.94

 
 
 
 
Exercised
(194,627
)
 
(71.67
)
 
 
 
 
Forfeited
(9,716
)
 
(126.23
)
 
 
 
 
Outstanding at December 27, 2014
768,595

 
$
113.72

 
4.74
 
$
15,983

Options vested or expected to vest at December 27, 2014
746,974

 
$
113.06

 
4.69
 
15,981

Options exercisable at December 27, 2014
450,539

 
$
97.29

 
3.59
 
15,944

The weighted average per share fair value of options granted during 2014 was $33.94.
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding at December 27, 2014
768,595

 
$
113.72

 
 
 
 
Granted
291,708

 
104.89

 
 
 
 
Exercised
(169,493
)
 
74.37

 
 
 
 
Forfeited
(41,201
)
 
137.02

 
 
 
 
Outstanding at December 26, 2015
849,609

 
$
117.42

 
5.18
 
$
4,536

Options vested or expected to vest at December 26, 2015
818,300

 
$
117.61

 
5.13
 
4,456

Options exercisable at December 26, 2015
409,068

 
$
119.43

 
3.74
 
3,376

The weighted average per share fair value of options granted during 2015 was $27.91.
Summary of status of stock options outstanding
Following is a summary of the status of stock options outstanding at December 26, 2015:
Outstanding and Exercisable By Price Range
Options Outstanding
 
Options Exercisable
Exercise Price
Range
 
Number
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Number
 
Weighted
Average
Exercise
Price
$60.97 - 85.32
 
136,288

 
2.08 years
 
$
83.78

 
136,103

 
$
83.78

$104.47 - 110.33
 
297,221

 
6.78 years
 
104.68

 
12,181

 
109.50

$120.91 - 151.45
 
416,100

 
5.05 years
 
137.55

 
260,784

 
138.51

 
 
849,609

 
 
 
 
 
409,068

 
 
Schedule of non-vested stock and restricted stock units
 
2015
 
2014
 
2013
Shares issued
47,038

 
35,885

 
47,271

Weighted‑average per share price on grant date
$
108.97

 
$
136.91

 
$
146.72

Compensation expense
$
4,511

 
$
3,978

 
$
3,667