Share-Based Compensation (Tables)

3 Months Ended

Apr. 01, 2017

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

Stock option activity for the three months ended April 1, 2017 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	23,601		$	40.33
Granted	876		55.67
Exercised	(882	)	17.88
Forfeited and expired	(206	)	54.87
Outstanding as of April 1, 2017	23,389		41.62		$	431,649	6.06

Exercisable as of April 1, 2017	12,376		$	28.27	$	381,943	4.21

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

The weighted-average assumptions used to estimate the fair value, under the Black-Scholes-Merton pricing model, of stock options granted during the three months ended April 1, 2017 were as follows:



Expected volatility (%)	27.0		%
Expected term (yrs)	7
Risk-free rate (%)	2.2		%
Fair value per option	$	18.31

Schedule of Share-based Compensation, Restricted Stock Activity

Non-vested share and share unit activity for the three months ended April 1, 2017 was as follows:



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

Outstanding at beginning of year	354		$	61.12
Granted	20		55.74
Vested	(12	)	61.75
Forfeited	(4	)	52.37

Outstanding as of April 1, 2017	358		$	60.88

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 share units, and our associate stock purchase plan:



	Three Months Ended
(In thousands)	2017			2016

Stock option and non-vested share and share unit compensation expense	$	17,500		$	17,811
Associate stock purchase plan expense	1,475			1,756
Amounts capitalized in software development costs, net of amortization	(120		)	(201		)

Amounts charged against earnings, before income tax benefit	$	18,855		$	19,366

Amount of related income tax benefit recognized in earnings	$	5,416		$	5,955