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Share-Based Arrangements (Tables)

6 Months Ended

Jun. 29, 2012

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes share-based compensation expense recorded during each period presented:



	For the Three Months Ended				For the Six Months Ended
	June 29, 2012		July 1, 2011		June 29, 2012		July 1, 2011
In thousands
Stock options	$	417	$	360	$	1,071	$	1,034
Restricted stock awards	1,357		2,381		2,297		3,285
Stock appreciation rights	—		48		—		179
Employee stock purchase plan	110		81		213		157
Total share-based compensation	$	1,884	$	2,870	$	3,581	$	4,655

Schedule of Share-based Compensation, Stock Options, Activity

Stock option activity is as follows:



	For the Three Months Ended				For the Six Months Ended
	June 29, 2012				June 29, 2012
	Options		Weighted - average exercise price		Options		Weighted - average exercise price
Options outstanding at beginning of period	1,106,447		$	25.38	979,658		$	23.35
Granted	—		—		181,620		33.59
Exercised	(16,243	)	20.87		(55,431	)	17.19
Forfeited or expired	—		—		(15,643	)	17.66
Options outstanding at June 29, 2012	1,090,204		25.45		1,090,204		25.45

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model. The following table indicates the weighted-average assumptions used in estimating fair value:



	For the Three Months Ended						For the Six Months Ended
	June 29, 2012			July 1, 2011			June 29, 2012			July 1, 2011
Expected option term (years)							5.4			6.5
Expected volatility	—		%	—		%	46.5		%	43.9		%
Risk-free interest rate	—		%	—		%	0.9		%	2.9		%
Expected dividend yield	—		%	—		%	1.9		%	2.2		%
Per share fair value of options granted	$	—		$	—		$	12.00		$	12.05

No stock options were granted during the three months ended June 29, 2012 and July 1, 2011.

11. SHARE-BASED ARRANGEMENTS (CONTINUED)

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Restricted Stock activity is as follows:



	For the Three Months Ended				For the Six Months Ended
	June 29, 2012				June 29, 2012
	Restricted Stock Awards		Weighted- average grant date fair value		Restricted Stock Awards		Weighted- average grant date fair value
Restricted Stock outstanding at beginning of period	311,517		$	27.73	309,533		$	25.74
Granted	18,992		33.71		94,392		33.67
Vested	(36,630	)	28.65		(108,244	)	26.65
Forfeited or expired	—		—		(1,802	)	23.54
Restricted Stock outstanding at June 29, 2012	293,879		28.00		293,879		28.00

- 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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