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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 24, 2012
Stock-Based Compensation [Abstract]  
Weighted-average assumptions to estimates the fair value of stock options granted
                 
    12 Weeks Ended  
    March 24,     March 26,  
    2012     2011  

Expected market price volatility (1)

    37.9     38.6

Risk-free interest rate (2)

    0.6     1.9

Dividend yield (3)

    1.3     1.6

Expected term (4)

    4 years       4 years  

 

(1) Based on historical volatility of the Company’s common stock. The expected volatility is based on the daily percentage change in the price of the stock over the four years prior to the grant.
(2) Represents the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant.
(3) Represents the Company’s cash dividend yield for the expected term.
(4) Represents the period of time that options granted are expected to be outstanding. As part of the determination of the expected term, the Company concluded that all employee groups exhibit similar exercise and post-vesting termination behavior.