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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 30, 2012
Summary Of Stock Options

The following table presents a summary of the company’s stock options for the year ended December 30, 2012.

 

     Year Ended  
     December 30, 2012  
                  Weighted         
           Weighted      Average         
           Average      Remaining      Aggregate  
           Exercise      Contractual      Intrinsic  
     Shares     Price      Life      Value  
     (000’s)            (In years)      (In millions)  

Outstanding at beginning of period

     6,469      $ 19.36         

Granted

     25        13.93         

Exercised

     (399     12.61         

Forfeited

     (5     7.26         

Expired

     (4,157     21.82         
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at end of period

     1,933      $ 15.42         1.6         1.4   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at end of period

     1,906      $ 15.45         1.6         1.4   
Schedule Of Deferred Stock Units

The following table presents a summary of the company’s DSUs for the year ended December 30, 2012.

 

     Year Ended  
     December 30, 2012  
           Weighted  
           Average  
           Grant-date  
     Shares     Fair Value  
     (000’s  

Outstanding at beginning of period

     304      $ 13.53   

Granted

     80        14.30   

Vested and released

     (35     17.89   

Forfeited

     —          —     
  

 

 

   

 

 

 

Outstanding at end of period

     349      $ 13.27   
  

 

 

   

 

 

 
Summary Of Restricted Stock Units

The following table presents a summary of the company’s RSUs for the year ended December 30, 2012.

 

     Year Ended  
     December 30, 2012  
     Shares     Weighted
Average
Grant-date
Fair Value
 
     (000’s)        

Nonvested at beginning of period

     4,454      $ 11.47   

Granted

     2,022        14.40   

Vested

     (1,635     9.80   

Forfeited

     (576     13.18   
  

 

 

   

 

 

 

Nonvested at end of period

     4,265      $ 13.17   
  

 

 

   

 

 

 
Schedule Of Performance Units

The following table presents a summary of the company’s PUs for the year ended December 30, 2012.

 

     Year Ended  
     December 30, 2012  
     Shares     Weighted
Average
Grant-date
Fair Value
 
     (000’s)        

Nonvested at beginning of period

     1,556      $ 11.42   

Granted

     34        15.77   

Vested

     (841     8.86   

Forfeited

     (166     13.25   
  

 

 

   

 

 

 

Nonvested at end of period

     583      $ 14.48   
  

 

 

   

 

 

 
Summary Of Total Intrinsic Value For Stock Options Exercised And DSUs, RSUs And PSs Vested

The following table summarizes the total intrinsic value for stock options exercised and DSUs, RSUs and PUs vested (i.e. the difference between the market price at exercise and the price paid by employees to exercise the award) for 2012, 2011 and 2010, respectively.

 

     Year Ended  
     December 30,
2012
     December 25,
2011
     December 26,
2010
 
     (In millions)  

Options

   $ 0.8       $ 10.8       $ 1.60   

DSUs

   $ 0.5       $ 0.8       $ 0.4   

RSUs

   $ 23.5       $ 24.0       $ 22.2   

PUs

   $ 12.3       $ 12.4       $ 5.5   
Summary Of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense by financial statement caption, for the years ended December 30, 2012, December 25, 2011 and December 26, 2010.

 

     Year Ended  
     December 30,
2012
     December 25,
2011
     December 26,
2010
 
     (In millions)  

Cost of Sales

   $ 4.5       $ 4.3       $ 5.7   

Research and Development

     5.7         4.8         4.1   

Selling, General and Administrative

     12.4         15.7         11.1   
  

 

 

    

 

 

    

 

 

 
   $ 22.6       $ 24.8       $ 20.9   
  

 

 

    

 

 

    

 

 

 
Summary Of Compensation Cost Relating To Unvested Awards

The following table summarizes total compensation cost related to unvested awards not yet recognized and the weighted average period over which it is expected to be recognized at December 30, 2012.

 

     December 30, 2012  
     Unrecognized
Compensation
Cost for
Unvested
Awards
     Weighted
Average
Remaining
Recognition
Period
 
     (In millions)      (In years)  

Options

     0.0         0.1   

DSUs

     0.3         1.8   

RSUs

     40.9         2.7   

PUs

     1.9         1.7   
Schedule Of Fair Value Of Each DSU, RSU And PU

grant of options in 2012 and no options were granted in 2011 or 2010. The fair value of each DSU, RSU and PU is equal to the closing market price of the company’s common stock on the date of grant.

 

     Year Ended  
     December 30,
2012
 

Expected volatility

     50.1

Dividend yield

     —     

Risk-free interest rate

     0.7

Expected life, in years

     5.33