Stock-Based Compensation Plans (Tables)

3 Months Ended

Mar. 30, 2014

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 2014:

	2014
Expected dividend yield	—
Expected volatility	30.7	%
Risk-free interest rate	1.7	%
Expected life in years	7.5

Stock option transactions for employee stock option plans

Stock option transactions for Teledyne’s employee stock option plans for the first quarter ended March 30, 2014 are summarized as follows:

	Shares		Weighted Average Exercise Price
Beginning balance	2,419,372		$	53.77
Exercised	(175,756	)	$	38.13
Canceled or expired	(10,831	)	$	65.04
Ending balance	2,232,785		$	54.94
Options exercisable at end of period	1,371,429		$	44.51

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 ended March 30, 2014 are summarized as follows:

	Shares	Weighted Average Exercise Price
Beginning balance	324,381	$	44.99
Granted	2,957	$	60.03
Ending balance	327,338	$	45.13
Options exercisable at end of period	285,402	$	41.11