STOCK-BASED COMPENSATION

9 Months Ended

Dec. 31, 2011

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

Stock-based compensation expense of $6.7 million and $8.1 million was recognized for the nine months ended December 31, 2011 and January 1, 2011, respectively. The related income tax benefit recognized was $2.0 million and $2.2 million for the nine months ended December 31, 2011 and January 1, 2011, respectively.

The weighted average fair value for our options granted was $16.29 and $15.63 for the nine months ended December 31, 2011 and January 1, 2011, respectively. The assumptions utilized for estimating the fair value of option grants during the periods presented are as follows:

	Nine Months Ended
	December 31, 2011		January 1, 2011
Stock Options Black-Scholes assumptions (weighted average):
Volatility	27.95	%	27.67	%
Expected life (years)	4.9		4.9
Risk-free interest rate	1.12	%	1.89	%
Dividend yield	—	%	—	%

During the nine months ended December 31, 2011 and January 1, 2011, there were 77,260 and 78,107 shares, respectively, purchased under the Employee Stock Purchase Plan. They were purchased at $49.15 and $46.04 per share, respectively.