Share-Based Compensation (Tables)

3 Months Ended

Mar. 30, 2019

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

Stock option activity for the three months ended March 30, 2019 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	21,792		$	52.31
Granted	39		55.28
Exercised	(750	)	19.16
Forfeited and expired	(329	)	62.92
Outstanding as of March 30, 2019	20,752		53.34		$	138,631	6.12

Exercisable as of March 30, 2019	10,663		$	46.77	$	131,285	4.40

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 March 30, 2019 were as follows:



Expected volatility (%)	26.1		%
Expected dividend rate (%)	1		%
Expected term (yrs)	7
Risk-free rate (%)	2.6		%
Fair value per option	$	15.62

Schedule of Share-based Compensation, Restricted Stock Activity

Non-vested share and share unit activity for the three months ended March 30, 2019 was as follows:



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

Outstanding at beginning of year	882		$	62.82
Granted	10		54.47
Vested	(4	)	59.22
Forfeited	(6	)	59.62

Outstanding as of March 30, 2019	882		$	62.76

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)	2019		2018

Stock option and non-vested share and share unit compensation expense	$	19,860	$	24,935
Associate stock purchase plan expense	1,542		1,362
Amounts capitalized in software development costs, net of amortization	187		160

Amounts charged against earnings, before income tax benefit	$	21,589	$	26,457

Amount of related income tax benefit recognized in earnings	$	4,201	$	5,300