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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 29, 2012
STOCK-BASED COMPENSATION  
Schedule of assumptions used in estimating fair value of each option grant

 

 

 
  2012   2011   2010  

Expected volatility

    33.76 %   32.50 %   31.80 %

Risk-free interest rate

    0.74 %   0.88 %   1.62 %

Expected life from vesting date

    3.0 yrs     3.0 yrs     3.0 yrs  

Dividend yield

    0.77 %   0.82 %   0.81 %
Summary of activity of stock plans

Following is a summary of the activity of the stock plans during 2010, 2011 and 2012:

 
  Number of
Shares
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 

Outstanding at December 26, 2009

    1,126,311   $ 59.06              

Granted

    229,703     85.12              

Exercised

    (109,711 )   (32.09 )            

Forfeited

    (23,409 )   (71.11 )            
                         

Outstanding at December 25, 2010

    1,222,894   $ 66.22     4.86   $ 25,703  
                       

Options vested or expected to vest at December 25, 2010

    1,187,408   $ 65.84     4.81     25,401  
                       

Options exercisable at December 25, 2010

    708,014   $ 58.05     3.91     20,614  
                       

        The weighted average per share fair value of options granted during 2010 was $23.69.

 
  Number of
Shares
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 

Outstanding at December 25, 2010

    1,222,894   $ 66.22              

Granted

    214,206     85.40              

Exercised

    (306,218 )   (61.57 )            

Forfeited

    (52,169 )   (76.12 )            
                         

Outstanding at December 31, 2011

    1,078,713   $ 70.88     4.68   $ 22,382  
                       

Options vested or expected to vest at December 31, 2011

    1,048,182   $ 70.52     4.63     22,113  
                       

Options exercisable at December 31, 2011

    618,844   $ 61.57     3.56     18,441  
                       

        The weighted average per share fair value of options granted during 2011 was $23.32.

 
  Number of
Shares
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2011

    1,078,713   $ 70.88              

Granted

    140,007     136.01              

Exercised

    (341,090 )   61.53              

Forfeited

    (8,638 )   84.18              
                         

Outstanding at December 29, 2012

    868,992   $ 84.91     4.68   $ 43,410  
                       

Options vested or expected to vest at December 29, 2012

    845,470   $ 84.26     4.64     42,765  
                       

Options exercisable at December 29, 2012

    485,786   $ 71.06     3.67     30,846  
                       

        The weighted average per share fair value of options granted during 2012 was $38.17.

Summary of status of stock options outstanding

Following is a summary of the status of stock options outstanding at December 29, 2012:

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
 
$19.75 - 40.21     62,090   1.74 years   $ 23.84     59,890   $ 23.23  
53.01 - 80.83     233,290   3.18 years     69.00     213,924     70.06  
82.81 - 136.42     573,612   5.61 years     97.97     211,972     85.58  
                           
      868,992               485,786        
                           
Schedule of non-vested stock and restricted stock units

 

 

 
  2012   2011   2010  

Shares issued

    27,293     47,417     29,076  

Weighted-average per share price on grant date

  $ 132.21   $ 88.26   $ 80.91  

Compensation expense

  $ 2,835   $ 2,004   $ 2,541