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Shareholders' Equity (Tables)
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12 Months Ended |
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Dec. 28, 2013
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| Shareholders' Equity [Abstract] |
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| 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 |
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(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 |
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| Exercised | | (757 | ) | | 10.52 |
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| Canceled/Forfeited | | (643 | ) | | 24.66 |
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| 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 |
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| | (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. |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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: | |
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| | | 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 |
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