Share-Based Compensation

3 Months Ended

Oct. 01, 2011

Share-based Compensation [Abstract]

Share-Based Compensation

8. SHARE-BASED COMPENSATION

     Sysco provides compensation benefits to employees and non-employee directors under several share-based payment arrangements including various employee stock incentive plans, the Employees' Stock Purchase Plan, and various non-employee director plans.

Stock Incentive Plans

     There were no share-based award grants to employees or non-employee directors during the first quarter of fiscal 2012.

Employees' Stock Purchase Plan

     Plan participants purchased 377,730 shares of Sysco common stock under the Sysco Employees' Stock Purchase Plan during the first quarter of fiscal 2012.

     The weighted average fair value per share of employee stock purchase rights issued pursuant to the Employees' Stock Purchase Plan was $4.68 during the first quarter of fiscal 2012. The fair value of the stock purchase rights is estimated as the difference between the stock price and the employee purchase price.

All Share-Based Payment Arrangements

     The total share-based compensation cost that has been recognized in results of operations was $9.8 million and $10.1 million for the first quarter of fiscal 2012 and fiscal 2011, respectively.

     As of October 1, 2011, there was $52.7 million of total unrecognized compensation cost related to share-based compensation arrangements. This cost is expected to be recognized over a weighted-average period of 2.50 years.