Share-Based Compensation (Tables)

3 Months Ended

Mar. 29, 2014

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

Options activity for the three months ended March 29, 2014 was as follows:



(In thousands, except per share data)	Number of Shares		Weighted- Average Exercise Price		Aggregate Intrinsic Value		Weighted-Average Remaining Contractual Term (Yrs)
Outstanding at beginning of year	24,407		$	22.24
Granted	540		60.21
Exercised	(894	)	10.59
Forfeited and expired	(68	)	38.14
Outstanding as of March 29, 2014	23,985		23.48		$	785,713	6.19

Exercisable as of March 29, 2014	13,830		$	11.30	$	620,300	4.74

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The weighted-average assumptions used to estimate the fair value of stock options granted in 2014 were as follows:



Expected volatility (%)	29.7		%
Expected term (yrs)	9.2
Risk-free rate (%)	3.0		%
Fair value per option	$	26.29

Schedule of Share-based Compensation, Restricted Stock Activity

Non-vested share activity for the three months ended March 29, 2014 was as follows:



(In thousands, except per share data)	Number of Shares	Weighted-Average Grant Date Fair Value

Outstanding at beginning of year	552	$	38.54
Granted	78	59.97
Vested	—	—
Forfeited	—	—

Outstanding as of March 29, 2014	630	$	41.19

Compensation Expense Recognized In The Condensed Consolidated Statements Of Operations

The following table presents total compensation expense recognized with respect to stock options, non-vested shares and our associate stock purchase plan:



	Three Months Ended
(In thousands)	2014			2013

Stock option and non-vested share compensation expense	$	13,649		$	10,594
Associate stock purchase plan expense	1,283			831
Amounts capitalized in software development costs, net of amortization	(164		)	(199		)

Amounts charged against earnings, before income tax benefit	$	14,768		$	11,226

Amount of related income tax benefit recognized in earnings	$	5,184		$	4,356