Stock-Based Compensation (Notes)

3 Months Ended

Mar. 30, 2013

Stock-Based Compensation [Abstract]

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

Stock-Based Compensation

We compensate officers, directors and key employees with stock-based compensation under three stock plans approved by our shareholders in 1997, 2004 and 2010 and administered under the supervision of our Board. Compensation expense, net of estimated forfeitures, is recognized ratably over the vesting period.

Stock-based compensation expense/(benefit) for three months endedMarch 30, 2013 and March 31, 2012, was as follows (in thousands):

	Three Months Ended
	March 30, 2013			March 31, 2012
Stock options	$	545		$	2,011
Stock awards	(113		)	4,953
Total stock-based compensation expense(1)	432			6,964
Income tax benefit	(148		)	(2,417		)
Total stock-based compensation expense, net of tax	$	284		$	4,547

⁽¹⁾ Includes $(0.4) million and $5.6 million of CEO transition (benefit) costs for the three months ended March 30, 2013 and March 31, 2012, respectively.

CEO Transition Costs

In February 2012, we announced that William R. McLaughlin, then President and Chief Executive Officer would retire from the Company effective June 1, 2012. In recognition of Mr. McLaughlin’s contributions, the Company’s Compensation Committee approved the modification of Mr. McLaughlin’s unvested stock awards, including performance stock awards. The performance stock awards are subject to applicable performance adjustments (through 2014) based on free cash flow and actual market share growth versus performance targets. During the three months ended March 31, 2012, we incurred $5.6 million ($3.7 million, net of income tax) of non-recurring, non-cash expenses associated with these stock award modifications. In the first three months of 2013, we recorded a non-cash compensation benefit of $0.4 million ($0.3 million, net of income tax) resulting from performance-based stock award adjustments.