XML 78 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareholders' Equity (Tables)
12 Months Ended
Dec. 28, 2013
Shareholders' Equity [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
Total stock-based compensation expense for 2013, 2012 and 2011, was as follows (in thousands):
 
 
2013
 
2012
 
2011
Stock options
 
$
2,698

 
$
3,688

 
$
2,721

Stock awards
 
1,534

 
6,618

 
2,250

   Total stock-based compensation expense(1)
 
4,232

 
10,306

 
4,971

Income tax benefit
 
1,447

 
3,576

 
1,710

   Total stock-based compensation expense, net of tax
 
$
2,785

 
$
6,730

 
$
3,261

        
(1) Includes $(0.5) million and $5.6 million of CEO transition (benefit) costs in 2013 and 2012, respectively. See CEO Transition Costs on page 57.
Schedule of Share-based Compensation, Stock Options, Activity
A summary of our stock option activity for the year ended December 28, 2013 was as follows (in thousands, except per share amounts and years):
 
 
Stock
Options
 
Weighted-
Average
Exercise
Price per
Share
 
Weighted-
Average
Remaining 
Contractual
Term (years)
 
Aggregate
Intrinsic
Value (1)
Outstanding at December 29, 2012
 
2,889

 
$
15.92

 
5.0
 
$
26,109

Granted
 
265

 
20.67

 
 
 
 

Exercised
 
(757
)
 
10.52

 
 
 
 

Canceled/Forfeited
 
(643
)
 
24.66

 
 
 
 

Outstanding at December 28, 2013
 
1,754

 
$
15.77

 
5.6
 
$
11,812

 
 
 
 
 
 
 
 
 
Exercisable at December 28, 2013
 
1,185

 
$
13.62

 
4.3
 
$
10,180

 
 
 
 
 
 
 
 
 
Vested and expected to vest at December 28, 2013
 
1,707

 
$
15.66

 
5.5
 
$
11,645

        
(1) 
Aggregate intrinsic value includes only those options where the current share price is equal to or greater than the share price on the date of grant.
Schedule Of Additional Information Related To Stock Option
Other information pertaining to options for the years ended December 28, 2013, December 29, 2012, and December 31, 2011 is as follows (in thousands, except per share amounts):
 
 
2013
 
2012
 
2011
Weighted-average grant date fair value of stock options granted
 
$
10.57

 
$
14.28

 
$
10.91

Total intrinsic value (at exercise) of stock options exercised
 
$
7,726

 
$
12,724

 
$
8,295

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The assumptions used to calculate the fair value of awards granted during 2013, 2012 and 2011 using the Black-Scholes-Merton option-pricing model were as follows:
Valuation Assumptions
 
2013
 
2012
 
2011
Expected dividend yield
 
0
%
 
0
%
 
0
%
Expected volatility
 
61
%
 
63
%
 
78
%
Risk-free interest rate
 
0.9
%
 
1.1
%
 
1.9
%
Expected term (in years)
 
5.7

 
5.6

 
5.0

Schedule Of Share Based Compensation Stock And Performance Stock Award Activity
Stock award and performance stock award activity was as follows for the year ended December 28, 2013 (in thousands, except per share amounts):
 
 
Time-
Based
Stock
Awards
 
Weighted-Average
Grant Date
Fair Value
 
Performance
Stock
Awards
 
Weighted-Average
Grant Date
Fair Value
Outstanding at December 29, 2012
 
255

 
$
13.62

 
554

 
$
11.47

Granted
 
88

 
20.39

 
119

 
19.28

Vested
 
(87
)
 
5.50

 
(182
)
 
0.97

Canceled/Forfeited
 
(17
)
 
16.69

 
(30
)
 
15.05

Outstanding at December 28, 2013
 
239

 
$
18.86

 
461

 
$
17.39

 
 
 
 
 
 
 
 
 
Share Repurchase
Repurchases of our common stock for the years ended December 28, 2013, December 29, 2012 and December 31, 2011 were as follows (in thousands): 
 
 
2013
 
2012
 
2011
Amount repurchased under Board-approved share repurchase program
 
$
40,037

 
$
30,023

 
$

Amount repurchased in connection with the vesting of employee restricted stock grants
 
2,035

 
4,869

 
371

    Total amount repurchased
 
$
42,072

 
$
34,892

 
$
371

Schedule of Earnings Per Share Reconciliation
The components of basic and diluted net income per share are as follows (in thousands, except per share amounts):
 
2013
 
2012
 
2011
Net income
$
60,081

 
$
78,094

 
$
60,478

 
 
 
 
 
 
Reconciliation of weighted-average shares outstanding:
 

 
 

 
 
Basic weighted-average shares outstanding
54,866

 
55,516

 
55,081

Effect of dilutive securities:
 
 
 
 
 
Options
554

 
1,059

 
821

Restricted shares
383

 
501

 
530

Diluted weighted-average shares outstanding
55,803

 
57,076

 
56,432

 
 
 
 
 
 
Net income per share – basic
$
1.10

 
$
1.41

 
$
1.10

Net income per share – diluted
$
1.08

 
$
1.37

 
$
1.07