Share-Based Compensation (Tables)

3 Months Ended

Jun. 27, 2015

The following table summarizes the share option activity during the three months ended June 27, 2015:


	Number of Options			Weighted Average Exercise price
Outstanding at March 28, 2015		7,187,003		$	23.14
Granted		511,281		$	47.12
Exercised		(706,343	)	$	6.79
Canceled/forfeited		(22,955	)	$	49.27

Outstanding at June 27, 2015		6,968,986		$	26.47

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


	Three Months Ended
	June 27, 2015			June 28, 2014
Expected dividend yield		0.0	%		0.0	%
Volatility factor		31.1	%		33.3	%
Weighted average risk-free interest rate		1.6	%		1.5	%
Expected life of option		4.75 years			4.75 years

The following table summarizes the restricted share activity during the three months ended June 27, 2015:


	Restricted Shares
	Number of Unvested Restricted Shares			Weighted Average Grant Date Fair Value
Unvested at March 28, 2015		770,592		$	68.77
Granted		—		$	—
Vested		(132,565	)	$	80.64
Canceled/forfeited		(8,252	)	$	77.29

Unvested at June 27, 2015		629,775		$	66.16

The following table summarizes the restricted share unit activity during the three months ended June 27, 2015:


	Service-based					Performance-based
	Number of Restricted Share Units			Weighted Average Grant Date Fair Value		Number of Restricted Share Units		Weighted Average Grant Date Fair Value
Unvested at March 28, 2015		35,940		$	66.26		317,201	$	76.69
Granted		801,751		$	47.57		287,476	$	47.10
Vested		—		$	—		—	$	—
Canceled/forfeited		(318	)	$	47.10		—	$	—

Unvested at June 27, 2015		837,373		$	48.37		604,677	$	62.62