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Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Equity-Based Compensation [Abstract]  
Summary of equity-based compensation expense

The following table summarizes the compensation expense included in the Unaudited Condensed Consolidated Statements of Earnings for the three and six months ended June 30, 2013 and July 1, 2012, respectively, relating to equity-based compensation plans:

 

                                 
    Three Months Ended     Six Months Ended  

($ in thousands)

  June 30,
2013
    July 1,
2012
    June 30,
2013
    July 1,
2012
 

Restricted stock units

    1,163       957       2,481       2,171  
Summary of the status of equity-based compensation plans

The following table summarizes the status of these plans as of June 30, 2013:

 

                         
    2009 Plan     2004 Plan     2001 Plan  

Awards originally available

    3,400,000       6,500,000       2,000,000  

Stock options outstanding

            156,400       24,800  

Restricted stock units outstanding

    727,242       101,223          

Options exercisable

            156,400       24,800  

Awards available for grant

    1,682,842       262,686          
Summary of the status of stock options

A summary of the status of stock options as of June 30, 2013 and July 1, 2012, and changes during the six-month periods then ended, is presented below:

 

                                 
    June 30, 2013     July 1, 2012  
    Options     Weighted-
Average

Exercise  Price
    Options     Weighted-
Average

Exercise  Price
 

Outstanding at beginning of year

    447,250     $ 10.87       728,050     $ 10.24  

Exercised

    (227,750   $ 9.83       (154,750   $ 8.71  

Expired

    (37,300   $ 8.94       (11,000   $ 16.22  

Forfeited

    (1,000   $ 9.78       (10,150   $ 9.41  
   

 

 

           

 

 

         

Outstanding at end of period

    181,200     $ 12.59       552,150     $ 10.57  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at end of period

    181,200     $ 12.59       552,150     $ 10.57  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of information about stock options

The following table summarizes information about stock options outstanding at June 30, 2013:

 

                         
    Options Outstanding and Exercisable  

Range of
Exercise
Prices

 

Number Outstanding And
Exercisable at 6/30/13

   

Weighted Average
Remaining Contractual Life
(Years)

   

Weighted Average Exercise
Price

 
$11.04 –11.11     85,900       1.58     $ 11.08  
$13.68 –14.70     95,300       2.32     $ 13.95  
Summary of Service-Based Restricted Stock Units

A summary of the status of RSUs as of June 30, 2013 and July 1, 2012, and changes during the six-month periods then ended is presented below:

 

                                 
    June 30, 2013     July 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       231,750     $ 10.41  

Converted

    (203,311   $ 9.88       (252,964   $ 8.51  

Forfeited

    (56,122   $ 9.77       (26,861   $ 9.06  
   

 

 

           

 

 

         

Outstanding at end of period

    828,465     $ 9.95       653,374     $ 10.07  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average remaining contractual life

    7.6 years               8.3 years