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Equity-Based Employee Compensation (Tables)

12 Months Ended

Dec. 28, 2013

In fiscal years 2012 and 2011, the weighted average assumptions used in the Black-Scholes Option Pricing Model were as follows:

	2012	2011
Expected term	1 to 3 years	1 to 4 years
Dividend yield	0.0%	0.0%
Risk-free interest rate	0.14 to 0.15%	0.05 to 0.17%
Expected volatility(1)	44.7%	50.0%

(1)	Expected volatility is based upon a peer group of companies given no historical data for the Units.

Unit Based Compensation Expense, Including in Selling, General and Administrative Expense

Our Company recognized the following unit based non-cash compensation expense, included in selling, general and administrative expenses for its Units during 2013, 2012 and 2011:

		2013				2012				2011
Equity compensation expense	$	9,268			$	5,048			$	3,507

Company's Unit activity under the Incentive Plan

Our Company’s Unit activity under the Incentive Plan is as follows:

	Number of Units
Outstanding at December 29, 2012		108,156,595
Granted		52,187,574
Cancelled		(50,372,788	)
Outstanding at December 28, 2013		109,971,381
Vested at December 29, 2012		63,638,862
Vested at December 28, 2013		56,213,673

Monte Carlo

Schedule of option pricing model

The following weighted average assumptions were used in the Monte Carlo Analysis for Units granted during fiscal year 2013:

Risk-free interest rate		0.7 to 1.6%
Expected volatility(1)		30.0 to 32.0%

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(1)	Expected volatility is based upon a peer group of companies given no historical data for the Units.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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