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Equity-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Equity-Based Compensation [Abstract]  
Summarizes equity-based compensation expense

The following table summarizes the compensation expense included in the Unaudited Condensed Consolidated Statements of Earnings for the three months ended March 31, 2013 and April 1, 2012 relating to equity-based compensation plans:

 

                 

($ in thousands)

  March 31,
2013
    April 1,
2012
 

Restricted stock units

  $ 1,318     $ 1,214  
   

 

 

   

 

 

 
Status of equity-based compensation plans

The following table summarizes the status of these plans as of March 31, 2013:

 

                                 
    2009 Plan     2004 Plan     2001 Plan     1996 Plan  

Awards originally available

    3,400,000       6,500,000       2,000,000       1,200,000  

Stock options outstanding

            194,300       102,300       33,750  

Restricted stock units outstanding

    784,164       101,223                  

Options exercisable

            194,300       102,300       33,750  

Awards available for grant

    1,628,220       262,686                  
Summary of status of stock options

A summary of the status of stock options as of March 31, 2013 and April 1, 2012, and changes during the three-month periods then ended, is presented below:

 

                                 
    March 31, 2013     April 1, 2012  
    Options     Weighted-
Average
Exercise Price
    Options     Weighted-
Average
Exercise Price
 

Outstanding at beginning of year

    392,550     $ 10.91       728,050     $ 10.24  

Exercised

    (45,800   $ 8.41       (79,122   $ 8.57  

Expired

    (15,400   $ 7.75       (11,000   $ 16.22  

Forfeited

    (1,000   $ 9.78       (9,650   $ 9.52  
   

 

 

           

 

 

         

Outstanding at end of period

    330,350     $ 11.40       628,278     $ 10.36  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at end of period

    330,350     $ 11.40       628,278     $ 10.36  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summarizes information about stock options

The following table summarizes information about stock options outstanding at March 31, 2013:

 

                         
    Options Outstanding and Exercisable  

Range of Exercise Prices

  Number
Outstanding
at 3/31/13
    Weighted  Average
Remaining
Contractual
Life (Years)
    Weighted Average
Exercise
Price
 

$ 9.78 – 11.11

    244,050       1.13     $ 10.49  

$ 13.68 – 16.24

    86,300       2.50     $ 13.97  
Summary of Service-Based Restricted Stock Units

A summary of the status of RSUs as of March 31, 2013 and April 1, 2012, and changes during the three-month periods then ended is presented below:

 

                                 
    March 31, 2013     April 1, 2012  
    RSUs     Weighted-
average
Grant-Date
Fair Value
    RSUs     Weighted-
average
Grant-Date
Fair Value
 

Outstanding at beginning of year

    751,798     $ 9.82       701,449     $ 9.35  

Granted

    336,100     $ 10.17       221,250     $ 10.46  

Converted

    (199,811   $ 9.88       (144,533   $ 9.55  

Forfeited

    (2,700   $ 10.45       (8,897   $ 9.19  
   

 

 

           

 

 

         

Outstanding at end of period

    885,387     $ 9.94       769,269     $ 9.63  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average remaining contractual life

    7.5 years               7.3 years