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SHARE-BASED COMPENSATION Tables

6 Months Ended

Jul. 02, 2011

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

The Stock Plan was amended and restated to, among other things, increase the number of shares available for issuance from 1,300,000 to 2,200,000 shares as follows:



	Authorized Shares
Options	1,600,000
Awards	600,000

Schedule of Assumptions Used to Determine the Fair Value of Options Granted

The assumptions used for the Black-Scholes model to determine the fair value of options granted during the first six months ended July 2, 2011 and July 3, 2010 are as follows:



	July 2, 2011		July 3, 2010
Risk-free interest rate	0.05 - 4.84%		1.61 - 3.20%
Dividend yield	0.65 - 1.23%		0.65 – 1.72%
Weighted-average dividend yield	1.07	%	0.95	%
Volatility factor	0.355 - 0.434		0.355 – 0.398
Weighted-average volatility	0.432		0.396
Expected term	1.5 years		6.3 years
Forfeiture rate	3.59	%	2.70	%

Schedule of Stock Option Plans Activity

A summary of the Company’s stock option plans activity and related information for the six months ended July 2, 2011 and July 3, 2010 is as follows:



(Shares in thousands)	July 2, 2011				July 3, 2010
Stock Options	Shares		Weighted-Average Exercise Price		Shares		Weighted-Average Exercise Price
Outstanding beginning of period	1,817		$	27.95	1,979		$	26.80
Granted	113		43.43		157		29.03
Exercised	(117	)	26.45		(140	)	16.99
Forfeited	(9	)	36.81		(21	)	42.33
Outstanding end of period	1,804		$	28.97	1,975		$	27.49
Expected to vest after applying forfeiture rate	1,780		$	28.99	1,943		$	27.57
Vested and exercisable end of period	1,255		$	30.05	1,214		$	30.08

Schedule of Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value

A summary of the weighted average remaining contractual term and aggregate intrinsic value for the six months ended July 2, 2011 is as follows:



Stock Options	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (000’s)
Outstanding end of period	5.58 years	$	34,316
Expected to vest after applying forfeiture rate	5.54 years	$	33,821

Vested and exercisable end of period	4.46 years	$	22,547

Schedule of Stock Award Activity

A summary of the Company’s stock award activity and related information for the six months ended July 2, 2011 and July 3, 2010 is as follows:



(Shares in thousands)	July 2, 2011				July 3, 2010
Nonvested Stock Awards	Shares		Weighted-Average Grant Date Fair Value		Shares		Weighted-Average Grant Date Fair Value
Nonvested at beginning of period	128		$	31.86	72		$	40.12
Awarded	68		43.40		101		29.89
Vested	(3	)	39.12		(36	)	40.86
Forfeited	(20	)	47.41		—		48.87
Nonvested at end of period	173		$	34.44	137		$	32.58

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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