STOCK-BASED COMPENSATION

6 Months Ended

Oct. 01, 2011

STOCK-BASED COMPENSATION

4. STOCK-BASED COMPENSATION

Stock-based compensation expense of $4.7 million and $4.1 million was recognized for the six months ended October 1, 2011 and October 2, 2010, respectively. The related income tax benefit recognized was $1.3 million for the six months ended October 1, 2011 and October 2, 2010.

The weighted average fair value for our options granted in the first six months of fiscal year 2012 and 2011 was $18.27 and $16.89, respectively. The assumptions utilized for estimating the fair value of option grants during the periods presented are as follows:

	Six Months Ended
	October 1, 2011			October 2, 2010
Stock Options Black-Scholes assumptions (weighted average):
Volatility		27.42	%		28.33	%
Expected life (years)		4.9			4.9
Risk-free interest rate		1.60	%		2.43	%
Dividend yield		0.00	%		0.00	%

During the six months ended October 1, 2011 and October 2, 2010, there were 41,067 and 35,992 shares, respectively, purchased under the ESPP. They were purchased at $46.80 and $45.70 per share, respectively, under the ESPP.