Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Stock Based Compensation Expenses Included in General and Administrative Expenses

	First quarter ended
	March 31, 2013		April 1, 2012
RSUs	$	1,102	$	2,658
Stock options and tandem SARs		5,075		3,745
DSUs(1)		1,210		778
Total stock-based compensation expense(2)	$	7,387	$	7,181

⁽¹⁾  Deferred share units (“DSUs”).

⁽²⁾  Generally included in General and administrative expenses on the Condensed Consolidated Statement of Operations.

Summary of Restricted Stock Units Activity

The following table is a summary of activity for RSUs granted to employees under the Company’s 2006 and 2012 Stock Incentive Plans for the periods set forth below:

	Restricted Stock Units			Weighted Average Grant Value per Unit
	(in thousands)			(in dollars)
Balance as at January 1, 2012		306		$	40.91
Granted		192			54.49
Dividend equivalent rights		6			50.30
Vested and settled		(160	)		36.72
Forfeited		(32	)		46.35
Balance as at December 30, 2012		312		$	50.91
Dividend equivalent rights		2			52.55
Vested and settled(1)		(5	)		52.85
Forfeited		(8	)		51.29
Balance as at March 31, 2013		301		$	50.80

⁽¹⁾  Settled with common shares from the TDL RSU Employee Benefit Plan Trust (“Trust”).

Stock Option with Tandem SAR Awards Granted to Officers

Stock options and tandem SARs

	Stock Options with SARs			Weighted Average Exercise Price
	(in thousands)			(in dollars)
Balance as at January 1, 2012		1,182		$	36.05
Granted		254			54.86
Exercised		(218	)		31.64
Forfeited		(46	)		41.66
Balance as at December 30, 2012		1,172		$	40.73
Exercised(1)		(77	)		32.57
Balance as at March 31, 2013		1,095		$	41.30

⁽¹⁾  Total cash settlement of $1.4 million of SARs in the first quarter of fiscal 2013 (first quarter fiscal 2012: $0.6 million). The associated options were cancelled.