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Equity-Based Compensation (Tables)
9 Months Ended
Sep. 28, 2012
Equity-Based Compensation [Abstract]  
Fair Value Assumptions In Lattice Model For Options Awarded

 

 

 

 

 

 

 

 

 

 

 

 

Three quarters ended

 

 

September 28, 2012

 

September 30, 2011

Range of expected volatilities

 

37.541.5%

 

34.442.9%

Weighted-average volatility

 

39.4%

 

37.1%

Range of dividend yields

 

4.15.4%

 

3.14.3%

Weighted-average dividend yield

 

4.3%

 

3.8%

Range of risk-free interest rates

 

0.61.0%

 

1.22.3%

Weighted-average risk-free interest rate

 

0.9%

 

2.2%

Range of expected lives, in years

 

3.45.1

 

5.05.6

Weighted-average expected live, in years

 

5.0

 

5.3

 

Summary Of Weighted-Average Fair Value Compensation Cost Per Share Of Awards Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three quarters ended

 

 

September 28, 2012

 

 

September 30, 2011

Options

 

$                  2.8

 

 

$                  2.9

Awards 

 

$                  9.8

 

 

$                10.9

Aggregate

 

$                  6.3

 

 

$                  5.2

 

Equity-Based Compensation Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options

 

Awards

 

Aggregate information

 

Shares

 

Weighted-average exercise price

Weighted-average remaining contract lives

 

Shares

 

Aggregate intrinsic value

 

Aggregate unrecognized compensation cost

 

(in thousands)

 

(per share)

(in years)

 

(in thousands)

 

(in millions)

 

(in millions)

Outstanding as of December 30, 2011

13,948 

 

$               16.2

4.1 

 

3,678 

 

 

 

 

Granted (1)

1,959 

 

11.2 
6.5 

 

1,960 

 

 

 

 

Exercised (2)

(65)

 

7.4 
2.1 

 

(1,013)

 

 

 

 

Canceled

(3,150)

 

17.8 
2.1 

 

(996)

 

 

 

 

Outstanding as of September 28, 2012

12,692 

 

$               15.1

4.0 

 

3,629 

 

$              31.9

 

$              32.2

 

 

 

 

 

 

 

 

 

 

 

As of September 28, 2012

 

 

 

 

 

 

 

 

 

 

Exercisable/vested (2)

7,274 

 

$               17.2

2.9 

 

63 

 

$                0.8

 

$                    -

Unexercisable/unvested

5,417 

 

$               12.3

5.5 

 

3,566 

 

$              31.2

 

$              32.2

Number vested and expected to ultimately vest

12,259 

 

$               15.2

3.9 

 

514 

 

$                4.7

 

 

 

(1)  Options granted include 799,465 shares and Awards granted include 347,007 shares issued in fiscal year 2012 that have performance and market conditions that have not yet been earned.

(2)  Awards exercised are those that have reached full vested status and have been delivered to the recipients as a taxable event due to elective deferral, available in the case of deferred stock units. Deferred stock units for which the deferral is elected timely are vested but still outstanding as Awards. Total un-issued shares related to deferred stock units as of September 28, 2012 were 63,000 shares as shown in the Awards column as Exercisable/vested.

Equity-Based Compensation, Additional Disclosures

 

 

 

 

 

 

 

 

 

 

Additional Disclosures

 

Three quarters ended

 

 

September 28, 2012

 

September 30, 2011

 

 

($ in millions, share data in thousands)

Shares issued under the employee stock purchase plan

 

813 

 

749 

Aggregate intrinsic value of stock options exercised

 

$                  0.2

 

$                  1.3

 

Equity-Based Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter ended

 

Three quarters ended

 

 

September 28, 2012

 

September 30, 2011

 

September 28, 2012

 

September 30, 2011

By statement of operations line item

 

 

 

 

 

 

 

 

Cost of revenue

 

$                 0.4

 

$                 0.4

 

$                 1.3

 

$                 1.5

Research and development

 

2.3 

 

3.7 

 

9.1 

 

13.0 

Selling, general and administrative

 

2.6 

 

3.0 

 

8.9 

 

8.9 

By stock type

 

 

 

 

 

 

 

 

Stock options

 

$                 2.1

 

$                 2.7

 

$                 7.4

 

$                 8.6

Restricted and deferred stock awards

 

3.0 

 

4.1 

 

11.0 

 

13.8 

Employee stock purchase plan

 

0.2 

 

0.3 

 

0.9 

 

1.0 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of September 28, 2012

 

As of December 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

Equity-based compensation capitalized in inventory

 

$                 0.3

 

$                 0.8

 

 

 

 

 

Performance-Based Grants

 

 

 

 

 

 

 

As of

 

 

September 28, 2012

 

 

Options

 

Awards

 

 

 

 

 

 

 

(in thousands)

Performance-based units outstanding

 

1,618.9 

 

703.6 

Maximum shares that could be issued assuming the highest level of performance

 

2,428.3 

 

1,055.4 

Performance-based shares expected to vest

 

1,268.7 

 

335.5 

Amount to be recognized as compensation cost over the performance period

 

$    2,912.6

 

$    2,991.5