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Share-Based Compensation (Tables)
3 Months Ended
Jun. 29, 2013
Options Activity and Information about Options Outstanding

The following table summarizes the share option activity during the three months ended June 29, 2013, and information about options outstanding June 29, 2013:

 

     Number of
Options
    Weighted
Average
Exercise price
     Weighted
Average
Remaining
Contractual
Life (years)
     Aggregate
Intrinsic
Value

(in  thousands)
 

Outstanding at March 30, 2013

     10,381,342      $ 9.21         

Granted

     598,903      $ 62.24         

Exercised

     (1,118,416   $ 5.73         

Canceled/forfeited

     (2,507   $ 62.24         
  

 

 

         

Outstanding at June 29, 2013

     9,859,322      $ 12.81         6.92       $ 485,285   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested or expected to vest at June 29, 2013

     9,464,949      $ 12.81         6.92      
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and exercisable at June 29, 2013

     3,228,969      $ 6.91         6.69       $ 177,944   
  

 

 

   

 

 

    

 

 

    

 

 

 

Assumptions Used to Estimate Fair Value of Options

The following table represents assumptions used to estimate the fair value of options:

 

     Three Months Ended  
     June 29,
2013
    June 30,
2012
 

Expected dividend yield

     0.0     0.0

Volatility factor

     46.2     50.2

Weighted average risk-free interest rate

     1.0     0.6

Expected life of option

     4.75 years        4.75 years   
Restricted Shares and Restricted Share Units

The following table summarizes restricted shares under the 2012 Plan as of June 29, 2013 and changes during the fiscal period then ended:

 

     Number of Unvested
Restricted Shares
    Weighted
Average Grant
Date Fair Value
 

Unvested at March 30, 2013

     617,468      $ 23.66   

Granted

     239,936      $ 62.24   

Vested

     (815   $ 38.38   

Canceled/forfeited

     (1,004   $ 62.24   
  

 

 

   

Unvested at June 29, 2013

     855,585      $ 34.41   
  

 

 

   

The following table summarizes restricted share units under the 2012 Plan as of June 29, 2013 and changes during the fiscal period then ended:

 

     Number of Unvested
Restricted Units
     Weighted
Average Grant
Date Fair Value
 

Unvested at March 30, 2013

     27,763       $ 31.12   

Granted

     163,077       $ 62.24   

Vested

     —         $ —     

Canceled/forfeited

     —         $ —     
  

 

 

    

Unvested at June 29, 2013

     190,840       $ 57.71