XML 33 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Share-Based Compensation (Tables)
 6 Months Ended
Jul. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Of Stock Options Activity
Stock option activity for the six months ended July 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
4,139

 
63.24

 
 
 
 
Exercised
(1,937
)
 
22.40

 
 
 
 
Forfeited and expired
(298
)
 
56.32

 
 
 
 
Outstanding as of July 1, 2017
25,505

 
45.22

 
$
547,049

 
6.42
 
 
 
 
 
 
 
 
Exercisable as of July 1, 2017
13,509

 
$
32.80

 
$
456,920

 
4.46
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 six months ended July 1, 2017 were as follows:
Expected volatility (%)
 
26.7
%
Expected term (yrs)
 
7

Risk-free rate (%)
 
2.1
%
Fair value per option
 
$
20.47
Schedule of Share-based Compensation, Restricted Stock Activity
Non-vested share and share unit activity for the six months ended July 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
205

 
64.22

Vested
(157
)
 
57.75

Forfeited
(4
)
 
54.92

 
 
 
 
Outstanding as of July 1, 2017
398

 
$
64.11
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
 
Six Months Ended
(In thousands)
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Stock option and non-vested share and share unit compensation expense
$
21,859

 
$
20,143

 
$
39,359

 
$
37,954

Associate stock purchase plan expense
1,495

 
1,463

 
2,970

 
3,219

Amounts capitalized in software development costs, net of amortization
(200
)
 
(190
)
 
(320
)
 
(391
)
 
 
 
 
 
 
 
 
Amounts charged against earnings, before income tax benefit
$
23,154

 
$
21,416

 
$
42,009

 
$
40,782

 
 
 
 
 
 
 
 
Amount of related income tax benefit recognized in earnings
$
6,647

 
$
6,793

 
$
12,063

 
$
12,748