XML 95 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 29, 2012
Schedule of Post-Retirement Benefits Obligation to Funded Status and Liability

The following table sets forth the post-retirement benefit obligation, funded status and the liability we have recorded in our consolidated balance sheets:

 

(in thousands)

   2012     2011  

Accumulated benefit obligation at beginning of year

   $ 2,909     $ 3,909  

Service cost

     16       20  

Interest cost

     120       208  

Actuarial gain

     (617     (1,137

Benefits paid

     (62     (91
     

 

 

   

 

 

 

Accumulated benefit obligation at end of year

     2,366       2,909  

Plan assets at end of year

            
     

 

 

   

 

 

 

Funded status

   $ (2,366   $ (2,909
     

 

 

   

 

 

 
Schedule of Stock Option Activity under Share-Based Compensation Plans

Stock option activity under our share-based compensation plans was as follows:

 

     2012      2011      2010  

(in thousands, except per share data)

   Shares     Wt. Avg.
Ex. Price
     Shares     Wt. Avg.
Ex. Price
     Shares     Wt. Avg.
Ex. Price
 
              

Outstanding, beginning of year

     3,112     $ 13.01        3,210     $ 12.89        3,221     $ 12.87  

Granted

     437     $ 10.50        157     $ 13.33        380     $ 13.77  

Exercised

     (73   $ 8.26        (123   $ 9.03        (263   $ 10.92  

Canceled

     (363   $ 14.29        (132   $ 14.24        (128   $ 19.06  
  

 

 

      

 

 

      

 

 

   

Outstanding, end of year

     3,113     $ 12.62        3,112     $ 13.01        3,210     $ 12.89  
  

 

 

      

 

 

      

 

 

   

Options exercisable at year end

     2,209     $ 13.52        2,112     $ 14.44        1,857     $ 15.26  
Schedule of Stock Options Outstanding and Exercisable

Information about stock options outstanding at December 29, 2012 is as follows (options in thousands):

 

     Options Outstanding      Options Exercisable  

Range of

Exercise Prices

   Number
Outstanding
     Approximate
Wt. Avg.
Remaining
Life (Years)
     Wt. Avg.
Ex. Price
     Number
Exercisable
     Wt. Avg.
Ex. Price
 
              
              
              

$  7.32 - $10.83

     1,317        7.2      $ 8.33        641      $ 7.39  

$10.84 - $16.26

     1,001        5.0      $ 14.49        773      $ 14.64  

$16.27 - $24.41

     790        2.3      $ 17.33        790      $ 17.33  

$24.42 - $36.63

     5        2.5      $ 25.70        5      $ 25.70  
  

 

 

          

 

 

    
     3,113        5.2      $ 12.62        2,209      $ 13.52  
  

 

 

          

 

 

    
Schedule of Restricted Stock Unit Activity under Share-Based Compensation Plans

Restricted stock unit activity under our share-based compensation plans was as follows:

 

     2012      2011      2010  

(in thousands, except per share data)

   Units     Wt. Avg.
Fair  Value
     Units     Wt. Avg.
Fair  Value
     Units     Wt. Avg.
Fair  Value
 
              

Outstanding, beginning of year

     299     $ 12.98        373     $ 13.35        155     $ 14.60  

Granted

     462     $ 9.57        75     $ 13.00        323     $ 12.90  

Vested

     (108   $ 13.27        (139   $ 13.91        (101   $ 14.68  

Canceled

     (38   $ 13.92        (10   $ 13.41        (4   $ 15.40  
  

 

 

      

 

 

      

 

 

   

Outstanding, end of year

     615     $ 10.54        299     $ 12.98        373     $ 13.35  
  

 

 

      

 

 

      

 

 

   
Schedule of Weighted Average Assumptions to Value Share-Based Awards Granted

The following weighted average assumptions were used to value share-based awards granted:

 

Employee Stock Purchase Plan

   2012   2011   2010

Dividend yield

   2.4%   1.9%   1.8%

Expected volatility

   43.6%   42.4%   48.2%

Risk-free interest rate

   0.1%   0.1%   0.2%

Expected term of options

   0.5 years   0.5 years   0.5 years

Weighted-average grant date fair value per share

   $2.78   $3.77   $3.90

 

Employee Stock Options

   2012   2011   2010

Dividend yield

   2.1%   2.0%   1.6%

Expected volatility

   46.3%   45.8%   46.6%

Risk-free interest rate

   1.2%   1.9%   1.6%

Expected term of options

   6.25 years   6.0 years   5.9 years

Weighted-average grant date fair value per share

   $3.87   $5.06   $5.39

Restricted Stock Units

   2012   2011   2010

Dividend yield

   2.3%   1.8%   1.7%

Performance Stock Units

   2012        

Dividend yield

   2.3%    
Schedule of Reported Share-Based Compensation in Consolidated Financial Statements

Reported share-based compensation is classified in the consolidated financial statements as follows:

 

(in thousands)

   2012      2011      2010  

Cost of sales

   $ 417      $ 420      $ 297  

Research and development

     1,364        1,356        1,121  

Selling, general and administrative

     2,840        2,511        2,125  
  

 

 

    

 

 

    

 

 

 

Total share-based compensation

     4,621        4,287        3,543  

Income tax benefit

                    
  

 

 

    

 

 

    

 

 

 

Total share-based compensation, net of tax

   $ 4,621      $ 4,287      $ 3,543