Employee Stock Benefit Plans

9 Months Ended

Jul. 01, 2011

Employee Stock Benefit Plans

Employee Stock Benefit Plans

11. EMPLOYEE STOCK BENEFIT PLANS

Share-based compensation expense consists of expense related to unvested grants of employee stock options and awards in accordance with ASC 718 — Compensation-Stock Compensation ("ASC 718").

The following table summarizes share-based compensation expense related to unvested employee stock options, restricted and performance stock grants, management incentive compensation, and the employee stock purchase plan for the three and nine-months ended July 1, 2011 and July 2, 2010:

	Three-months Ended				Nine-months Ended
(In thousands)	July 1, 2011		July 2, 2010		July 1, 2011		July 2, 2010
Stock options	$	4,282	$	3,163	$	12,233	$	9,335
Restricted stock with service and market conditions		—		—		—		689
Restricted stock with service conditions		805		255		1,768		668
Performance shares		8,495		4,158		24,228		10,802
Management incentive plan stock awards		352		1,376		2,636		3,382
Employee stock purchase plan		609		483		1,823		1,363
Total share-based compensation expense	$	14,543	$	9,435	$	42,688	$	26,239

The Company utilized the following weighted average assumptions in calculating its share-based compensation expense from stock options using the Black-Scholes model as of the nine-months ended July 1, 2011 and July 2, 2010:

	Nine-months Ended
	July 1, 2011			July 2, 2010
Expected volatility		49.26	%		56.19	%
Risk free interest rate		1.11	%		1.62	%
Dividend yield		0.00			0.00
Expected option life (7 year contractual life options)		4.10			4.23