XML 57 R23.htm IDEA: XBRL DOCUMENT

Incentive Plans and Stock-Based Compensation (Tables)

9 Months Ended

Sep. 01, 2012

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

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

The following table summarizes information related to stock options and stock option exercises during the nine months ended September 1, 2012 and August 27, 2011.



	Quarter Ended						Nine Months Ended
	September 1, 2012			August 27, 2011			September 1, 2012			August 27, 2011
Pre-tax compensation expense	$	1,089		$	967		$	4,307		$	3,817
Deferred tax benefits	(400		)	(356		)	(1,583		)	(1,403		)
Excess tax benefits associated with tax deductions over the amount of compensation expense recognized in the consolidated condensed financial statements	119			297			2,606			2,338
Fair value of stock options on date of grant	—			27			6,407			5,803
Total intrinsic value of stock options exercised	614			885			8,360			7,443
Cash received upon exercise of stock options	1,218			772			4,469			6,009
Tax benefit realized from exercise of stock options, net	113			297			2,594			2,332
Addition to capital in excess of par value due to exercise of stock options	1,293			1,033			5,352			7,027

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]

The following table summarizes activity for the nine months ended September 1, 2012 with respect to stock options granted by the Company and includes options granted under the 1994 Incentive Plan, the 2004 Incentive Plan and the 2009 Incentive Plan.



	Options Granted Under Incentive Plans	Weighted Average Exercise Price
Outstanding at beginning of year	2,907,533	$	32.39
Granted	512,850	$	49.84
Exercised	(329,466)	$	25.02
Surrendered	(22,404)	$	39.32
Outstanding at end of period	3,068,513	$	36.05

Exercisable at end of period	2,059,794	$	32.50

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes information about the Company’s outstanding and exercisable options at September 1, 2012.



	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number	Weighted Average Exercise Price		Intrinsic Value		Weighted Average Remaining Life in Years	Number	Weighted Average Exercise Price		Intrinsic Value		Weighted Average Remaining Life in Years
$16.15 - $22.80	145,400	$	21.40	$	3,889	1.21	145,400	$	21.40	$	3,889	1.21
$25.31 - $38.06	1,948,402	$	31.88	31,682		4.97	1,689,934	$	31.79	27,631		4.67
$40.73 - $44.07	466,361	$	43.00	2,394		8.33	161,210	$	43.30	780		8.40
$49.35 - $49.91	508,350	$	49.84	—		9.33	63,250	$	49.38	—		9.57
	3,068,513	$	36.05	$	37,965	6.03	2,059,794	$	32.50	$	32,300	4.86

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions by grant year.



	Nine Months Ended
	September 1, 2012			August 27, 2011
Weighted average fair value per option at the date of grant for options granted	$	12.49		$	11.73
Risk-free interest rate	1.38		%	2.52		%
Expected dividend yield	0.96		%	0.97		%
Expected volatility factor	26.52		%	25.54		%
Expected option term in years	6.1			6.4

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table summarizes information related to restricted stock unit awards during the nine months ended September 1, 2012 and August 27, 2011.



	Quarter Ended						Nine Months Ended
	September 1, 2012			August 27, 2011			September 1, 2012			August 27, 2011
Pre-tax compensation expense	$	156		$	119		$	1,090		$	969
Deferred tax benefits	(58		)	(44		)	(401		)	(356		)
Excess tax (expense) benefits associated with tax deductions under the amount of compensation expense recognized in the consolidated condensed financial statements	(14		)	(40		)	(38		)	43
Fair value of restricted stock unit awards on date of grant	—			—			1,489			1,263
Fair value of restricted stock unit awards vested	—			—			997			905

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

The following table summarizes activity for the nine months ended September 1, 2012 with respect to the restricted stock unit awards.



	Units	Weighted Average Grant Date Fair Value
Nonvested at beginning of year	71,545	$	36.95
Granted	29,839	$	49.91
Vested	(27,710)	$	35.99
Nonvested at end of period	73,674	$	42.56

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References+ Details