XML 41 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Share-Based Compensation (Tables)
 9 Months Ended
Sep. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Of Stock Options Activity
Stock option activity for the nine months ended September 29, 2018 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
21,332

 
$
49.40

 
 
 
 
Granted
3,582

 
58.34

 
 
 
 
Exercised
(2,316
)
 
35.71

 
 
 
 
Forfeited and expired
(378
)
 
62.75

 
 
 
 
Outstanding as of September 29, 2018
22,220

 
52.04

 
$
287,526

 
6.49
 
 
 
 
 
 
 
 
Exercisable as of September 29, 2018
11,235

 
$
44.07

 
$
234,623

 
4.66
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 nine months ended September 29, 2018 were as follows:
Expected volatility (%)
 
27.0
%
Expected term (yrs)
 
7

Risk-free rate (%)
 
2.8
%
Fair value per option
 
$
20.12
Schedule of Share-based Compensation, Restricted Stock Activity
Non-vested share and share unit activity for the nine months ended September 29, 2018 was as follows:
(In thousands, except per share data)
Number of Shares
 
Weighted-Average
Grant Date Fair Value
 
 
 
 
Outstanding at beginning of year
799

 
$
66.76

Granted
531

 
59.34

Vested
(426
)
 
65.93

Forfeited
(20
)
 
63.43

 
 
 
 
Outstanding as of September 29, 2018
884

 
$
62.77
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
 
Nine Months Ended
(In thousands)
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Stock option and non-vested share and share unit compensation expense
$
25,209

 
$
19,858

 
$
74,348

 
$
59,217

Associate stock purchase plan expense
1,407

 
1,546

 
4,685

 
4,516

Amounts capitalized in software development costs, net of amortization
266

 
(45
)
 
587

 
(365
)
 
 
 
 
 
 
 
 
Amounts charged against earnings, before income tax benefit
$
26,882

 
$
21,359

 
$
79,620

 
$
63,368

 
 
 
 
 
 
 
 
Amount of related income tax benefit recognized in earnings
$
5,615

 
$
6,226

 
$
16,483

 
$
18,289