Stock-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2013

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

Valuation of stock options granted

The following assumptions will be used in the valuation of stock options granted in 2013:

	2013
Expected dividend yield	—
Expected volatility	31.9	%
Risk-free interest rate	0.87	%
Expected life in years	7.3

Stock option transactions for employee stock option plans

Stock option transactions for Teledyne’s employee stock option plans for the first quarter of March 31, 2013 are summarized as follows:

	Shares	Weighted Average Exercise Price
Beginning balance	2,203,005	$	45.90
Exercised	(131,608)	$	36.66
Canceled or expired	(34,869)	$	54.46
Ending balance	2,036,528	$	46.35
Options exercisable at end of period	1,442,632	$	40.42

Stock option transactions for non-employee stock option plans

Stock option transactions for Teledyne’s non-employee director stock option plans for the first quarter of March 31, 2013 are summarized as follows:

	Shares	Weighted Average Exercise Price
Beginning balance	308,908	$	39.35
Granted	3,187	$	44.70
Exercised	(330)	$	40.70
Ending balance	311,765	$	39.40
Options exercisable at end of period	269,597	$	36.12