STOCK-BASED COMPENSATION

3 Months Ended

Jul. 02, 2011

STOCK-BASED COMPENSATION

4. STOCK-BASED COMPENSATION

Stock-based compensation expense of $2.4 million and $2.2 million was recognized for the three months ended July 2, 2011 and July 3, 2010, respectively. The related income tax benefit recognized was $0.7 million and $0.5 million for the three months ended July 2, 2011 and July 3, 2010, respectively.

The weighted average fair value for stock options granted in the first three months of fiscal year 2012 and 2011 was $17.68 and $17.48, respectively. The assumptions utilized for stock option grants during the periods presented are as follows:

	Three Months Ended
	July 2, 2011			July 3, 2010
Stock Options Black-Scholes assumptions (weighted average):
Volatility		27.20	%		28.34	%
Expected life (years)		4.9			5.0
Risk-free interest rate		1.65	%		2.64	%
Dividend yield		0.00	%		0.00	%

During the three months ended July 2, 2011 and July 3, 2010, there were 41,067 and 35,992 shares purchased under the ESPP, respectively. They were purchased at $46.80 and $45.70 per share under the ESPP, respectively.