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Share-based Payment Arrangements (Tables)
3 Months Ended
Mar. 30, 2013
Amounts Recognized In Financial Statements with Respect to Plans

Amounts recognized in the financial statements with respect to these Plans are as follows (in thousands):

 

     Thirteen Weeks Ended  
     March 30,
2013
     March 31,
2012
 

Total cost of the Plans during the period

   $ 1,618       $ 1,525   

Amount of related income tax benefit recognized during the period

     697         953   
  

 

 

    

 

 

 

Net cost of the Plans during the period

   $ 921       $ 572   
  

 

 

    

 

 

 
Weighted Average Assumptions for Option Grants

The fair value of each option grant on its grant date was calculated using the Black-Scholes option pricing model with the following weighted average assumptions for grants made in the 2013 and 2012 thirteen-week periods:

 

     2013     2012  

Expected volatility

     32.0     34.0

Expected dividend yield

     0.410     0.420

Risk-free interest rate

     0.75     0.90

Expected lives (in years)

     4.0        4.0   
Summary of Information Regarding Stock Options

The following table summarizes information regarding the Company’s outstanding stock options under the Plans:

 

     Number of
Options
    Weighted
Average
Exercise
Price per
Share
     Weighted
Average
Remaining
Contractual
Term
(years)
     Aggregate
Intrinsic
Value
(000s)
 

Options outstanding at December 29, 2012

     1,781,182      $ 42.56         

Granted

     152,500      $ 56.40         

Exercised

     (357,720   $ 40.89         

Forfeited

     (32,600   $ 38.66         
  

 

 

         

Options outstanding at March 30, 2013

     1,543,362      $ 44.40         6.5       $ 19,585   
  

 

 

         

Options exercisable at March 30, 2013

     757,462      $ 41.96         4.8       $ 11,460   
  

 

 

         
Non-vested Restricted Stock
 
Schedule of Information on Non-Vested Restricted Stock

The following table summarizes information regarding the Company’s outstanding non-vested restricted stock under the Plans:

 

     Number of
Shares
    Weighted Average
Grant Date Fair
Value
 

Outstanding at December 29, 2012

     34,719      $ 42.75   

Granted

     1,104      $ 53.26   

Vested

     (4,657   $ 40.24   
  

 

 

   

Outstanding at March 30, 2013

     31,166      $ 43.49   
  

 

 

   
Restricted Stock Units (RSUs)
 
Schedule of Information on Restricted Stock Units

The following table summarizes information regarding the Company’s outstanding RSU awards under the Plans:

 

     Number of
Shares
    Weighted Average
Grant Date Fair
Value
 

Outstanding at December 29, 2012

     113,000      $ 44.78   

Granted

     244,500      $ 51.19   

Vested

     (21,901   $ 44.78   

Forfeited

     (6,046   $ 44.78   
  

 

 

   

Outstanding at March 30, 2013

     329,553      $ 49.54