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Share-Based Compensation (Tables)
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12 Months Ended |
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Dec. 30, 2012
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| Share-based Compensation [Abstract] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
The Company’s current outstanding stock options have maximum contractual terms of ten years and vest ratably over three years or cliff vest after three years. The exercise price of options granted is equal to the market price of the Company’s common stock on the date of grant. The fair value of stock options on the date of grant are calculated using the Black-Scholes Model. The aggregate intrinsic value of an option is the amount by which the fair value of the underlying stock exceeds its exercise price. The following table summarizes stock option activity during 2012. | | | | | | | | | | | | | | | Number of Options | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Life in Years | | Aggregate Intrinsic Value | Outstanding at January 1, 2012 | 30,259 |
| | $ | 6.16 |
| | | | | Granted | 6,073 |
| | 4.69 |
| | | | | Exercised | (3,233 | ) | | 4.10 |
| | | | | Forfeited and/or expired | (4,538 | ) | | 6.35 |
| | | | | Outstanding at December 30, 2012 | 28,561 |
| | $ | 6.05 |
| | 5.7 | | $ | 4,513 |
| Vested or expected to vest at December 30, 2012 | 27,944 |
| | $ | 6.08 |
| | 5.6 | | $ | 4,444 |
| Exercisable at December 30, 2012 | 19,161 |
| | $ | 6.71 |
| | 4.0 | | $ | 3,457 |
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| Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] |
The grant date fair value of stock options was determined using the following assumptions: | | | | | | | | | | | 2012 | | 2011 | | 2010 | Risk-free interest rate | 0.98 | % | | 1.74 | % | | 2.01 | % | Expected option life in years | 6.62 |
| | 5.62 |
| | 5.40 |
| Expected volatility | 45.9 | % | | 45.2 | % | | 45.2 | % | Expected dividend yield | 1.71 | % | | 1.59 | % | | 1.53 | % |
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| Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] |
The following table summarizes activity of Restricted Shares during 2012: | | | | | | | | | Number of Restricted Shares | | Weighted Average Grant Date Fair Value | Non-vested at January 1, 2012 | 1,043 |
| | $ | 4.82 |
| Granted | 1,332 |
| | 4.64 |
| Vested | (446 | ) | | 4.60 |
| Forfeited | (53 | ) | | 4.62 |
| Non-vested at December 30, 2012 | 1,876 |
| | $ | 4.72 |
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| Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions [Table Text Block] |
The fair value of market condition awards granted in 2012, 2011 and 2010 was estimated using the Monte Carlo simulation model. The Monte Carlo simulation model utilizes multiple input variables to estimate the probability that the market conditions will be achieved and is applied to the average of the high and low trading prices of our common stock on the date of grant. The input variables are noted in the table below: | | | | | | | | | | | 2012 | | 2011 | | 2010 | Risk-free interest rate | 0.41 | % | | 0.61 | % | | 0.93 | % | Expected life in years | 2.99 |
| | 3.02 |
| | 2.98 |
| Expected volatility | 34.0 | % | | 52.0 | % | | 55.0 | % | Expected dividend yield (a) | 0.00 | % | | 0.00 | % | | 0.00 | % |
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| | (a) | The Monte Carlo method assumes a reinvestment of dividends. |
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| Schedule of Nonvested Performance-based Units Activity [Table Text Block] |
The following table summarizes activity of performance shares during 2012: | | | | | | | | | | | | | | | | Performance Condition Awards | | Market Condition Awards | | Shares | | Weighted Average Grant Date Fair Value | | Shares | | Weighted Average Grant Date Fair Value | Non-vested at January 1, 2012 | 655 |
| | $ | 3.91 |
| | 1,441 |
| | $ | 6.46 |
| Granted | — |
| | — |
| | 896 |
| | 6.04 |
| Dividend equivalent units issued (a) | 11 |
| | — |
| | 39 |
| | — |
| Vested | — |
| | — |
| | — |
| | — |
| Forfeited | (155 | ) | | 3.91 |
| | (229 | ) | | 6.37 |
| Non-vested at December 30, 2012 | 511 |
| | $ | 3.91 |
| | 2,147 |
| | $ | 6.38 |
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| | (a) | Dividend equivalent units are issued in lieu of cash dividends for non-vested performance shares. There is no weighted average fair value associated with dividend equivalent units. |
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| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] |
Total share-based compensation expense and the related income tax benefit recognized in the Company’s consolidated statements of operations were as follows: | | | | | | | | | | | | | | Year Ended | | 2012 | | 2011 | | 2010 | Stock options (a) | $ | 5,578 |
| | $ | 9,898 |
| | $ | 7,700 |
| Restricted Shares | 2,730 |
| | 1,943 |
| | 2,311 |
| Performance Shares: | | | | | | Performance Condition Shares | — |
| | 820 |
| | — |
| Market Condition Shares (b) | 3,210 |
| | 4,688 |
| | 478 |
| Compensation adjustments, net (c) | (45 | ) | | (361 | ) | | — |
| Compensation expense credited to “Stockholders’ Equity” (d) | 11,473 |
| | 16,988 |
| | 10,489 |
| Interest on Restricted Share dividends | — |
| | 2 |
| | 3 |
| Total share-based compensation expense | 11,473 |
| | 16,990 |
| | 10,492 |
| Less: Income tax benefit | (4,286 | ) | | (6,338 | ) | | (3,773 | ) | Share-based compensation expense, net of income tax benefit | $ | 7,187 |
| | $ | 10,652 |
| | $ | 6,719 |
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| | (a) | 2011 includes expense of $3,068 for the accelerated vesting of awards in conjunction with the sale of Arby’s and the announcement of the relocation of the Company’s Atlanta restaurant support center to Ohio. |
| | (b) | 2011 includes expense of $2,347 for the accelerated vesting of awards partially offset by a credit of $384 for awards that were forfeited in conjunction with the sale of Arby’s and the announcement of the relocation of the Company’s Atlanta restaurant support center to Ohio. |
| | (c) | Adjustments relate to modifications of share-based compensation awards. |
| | (d) | Excludes $700 and $3,215 for 2011 and 2010, respectively, which is included in discontinued operations. |
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