Share-Based Compensation (Tables)

3 Months Ended

Mar. 30, 2013

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

Options activity for the three months ended March 30, 2013 was as follows:



(In thousands, except per share data)	Number of Shares		Weighted- Average Exercise Price		Aggregate Intrinsic Value		Weighted-Average Remaining Contractual Term (Yrs)
Outstanding at beginning of year	12,036		$	33.97
Granted	313		89.16
Exercised	(419	)	19.25
Forfeited and expired	(13	)	67.73
Outstanding as of March 30, 2013	11,917		35.90		$	701,195	6.29

Exercisable as of March 30, 2013	7,135		$	18.25	$	545,759	5.03

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

The weighted-average assumptions used to estimate the fair value of stock options granted in 2013 were as follows:



Expected volatility (%)	33.3		%
Expected term (yrs)	9.1
Risk-free rate (%)	2.0		%
Fair value per option	$	39.11

Schedule of Share-based Compensation, Restricted Stock Activity

Non-vested share activity for the three months ended March 30, 2013 was as follows:



(In thousands, except per share data)	Number of Shares	Weighted-Average Grant Date Fair Value

Outstanding at beginning of year	301	$	56.82
Granted	44	89.58
Vested	—	—
Forfeited	—	—

Outstanding as of March 30, 2013	345	$	61.01

Compensation Expense Recognized In The Condensed Consolidated Statements Of Operations

The following table presents total compensation expense recognized with respect to stock options, non-vested shares and our associate stock purchase plan:



	Three Months Ended
(In thousands)	2013			2012

Stock option and non-vested share compensation expense	$	10,594		$	8,331
Associate stock purchase plan expense	831			732
Amounts capitalized in software development costs, net of amortization	(199		)	(114		)

Amounts charged against earnings, before income tax benefit	$	11,226		$	8,949

Amount of related income tax benefit recognized in earnings	$	4,356		$	3,423