Stock-Based Compensation

3 Months Ended

Mar. 30, 2013

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

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

STOCK-BASED COMPENSATION

Compensation expense related to equity-based incentive plans of $1.2 million and $1.0 million was recognized for the quarters ended March 30, 2013, and March 31, 2012, respectively. During the quarter ended March 30, 2013, we issued 418,493 non-qualified stock options at a weighted-average exercise price of $25.56 per share and 115,737 restricted shares to employees. During the quarter ended March 31, 2012, we issued 533,994 non-qualified stock options at a weighted-average exercise price of $22.41 per share and 123,867 restricted shares to employees.

For the quarters ended March 30, 2013, and March 31, 2012, we repurchased 27,490 and 14,336 shares, respectively, of common stock from employees to cover withholding taxes payable by employees upon the vesting of restricted stock.

In addition, we recorded $0.8 million and $0.2 million in incentive compensation expense for a performance-based cash incentive plan for the quarters ended March 30, 2013, and March 31, 2012, respectively.