STOCK-BASED COMPENSATION

3 Months Ended

Jun. 30, 2012

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

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

Stock-based compensation expense of $2.4 million was recognized for the three months ended June 30, 2012 and the related income tax benefit recognized was $0.8 million.

The weighted average fair value for our options granted was $17.36 for the three months ended June 30, 2012 and $17.68 for three months ended July 2, 2011. The assumptions utilized for estimating the fair value of option grants during the period presented are as follows:

	Three Months Ended
	June 30, 2012		July 2, 2011
Stock Options Black-Scholes assumptions (weighted average):
Volatility	27.91	%	27.20	%
Expected life (years)	4.9		4.9
Risk-free interest rate	0.92	%	1.65	%
Dividend yield	—	%	—	%

During the three months ended June 30, 2012 and July 2, 2011, there were 42,257 and 41,067 shares, respectively, purchased under the Employee Stock Purchase Plan. They were purchased at $49.83 and $46.80 per share, respectively.