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Share-based Payment Arrangements (Tables)
6 Months Ended
Jun. 30, 2012
Amounts Recognized In The Financial Statements With Respect To Plans

Amounts recognized in the financial statements with respect to these Plans are as follows (in thousands):

 

 

     Twenty Six Weeks Ended      Thirteen Weeks Ended  
     June 30,
2012
     June 25,
2011
     June 30,
2012
     June 25,
2011
 

Total cost of the Plans during the period

   $ 3,186       $ 2,473       $ 1,661       $ 1,268   

Amount of related income tax benefit recognized during the period

     1,332         638         379         333   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net cost of the Plans during the period

   $ 1,854       $ 1,835       $ 1,282       $ 935   
  

 

 

    

 

 

    

 

 

    

 

 

 
Weighted Average Assumptions for Option Grants

The fair value of each option grant on its grant date was calculated using the Black-Scholes option pricing model with the following weighted average assumptions for grants made in the 2012 and 2011 twenty-six-week periods:

 

     2012     2011  

Expected volatility

     34.0     35.0

Expected dividend yield

     0.420     0.450

Risk-free interest rate

     0.90     1.75

Expected lives (in years)

     4.0        4.0   
Summary Of Information Regarding Stock Options

The following table summarizes information regarding the Company’s outstanding stock options under the Plans:

 

     Number of
Options
    Weighted Average
Exercise Price

per Share
     Weighted Average
Remaining
Contractual

Term (years)
     Aggregate Intrinsic
Value (000s)
 

Options outstanding at December 31, 2011

     2,326,776      $ 40.11         

Granted

     329,500      $ 52.03         

Exercised

     (834,545   $ 39.54         

Forfeited

     (20,800   $ 43.56         
  

 

 

         

Options outstanding at June 30, 2012

     1,800,931      $ 42.51         6.5       $ 16,588   
  

 

 

         

Options exercisable at June 30, 2012

     667,114      $ 40.51         4.7       $ 7,476   
  

 

 

         
Non-Vested Restricted Stock
 
Schedule of Information on Non-Vested Restricted Stock

The following table summarizes information regarding the Company’s non-vested restricted stock under the Plans:

 

     Number of
Shares
    Weighted Average
Grant Date
Fair Value
 

Outstanding at December 31, 2011

     40,993      $  42.03   

Granted

     4,151      $ 54.20   

Vested

     (8,732   $ 44.35   

Forfeited

     (1,693   $ 45.21   
  

 

 

   

Outstanding at June 30, 2012

     34,719      $ 42.75