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Share-Based Payment Arrangements (Tables)
12 Months Ended
Dec. 29, 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):

 

     Fiscal Years  
     2012      2011      2010  

Total cost of the Plans during the period

   $ 6,149       $ 5,012       $ 4,769   

Amount of related income tax benefit recognized during the period

     2,398         983         1,194   
  

 

 

    

 

 

    

 

 

 

Net cost of the Plans during the period

   $ 3,751       $ 4,029       $ 3,575   
  

 

 

    

 

 

    

 

 

 
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 2012, 2011 and 2010:

 

     2012     2011     2010  

Expected volatility

     34.0     35.0     37.0

Expected dividend yield

     0.420     0.450     0.400

Risk-free interest rate

     0.90     1.75     2.50
Expected lives (in years)      4.0        4.0        4.2   
Summary of Information Regarding Stock Options

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

 

     Options Outstanding      Options Exercisable  
     Number of
Options
    Weighted Average
Exercise Price
per Share
     Number of
Options
     Weighted Average
Exercise Price
per Share
 

Options at December 26, 2009

     2,557,802      $ 36.86         1,225,802       $ 32.43   

Granted

     230,250      $ 37.41         

Exercised

     (424,354   $ 20.73         

Forfeited

     (67,867   $ 42.64         
  

 

 

         

Options at December 25, 2010

     2,295,831      $ 39.73         936,081       $ 38.85   

Granted

     273,000      $ 41.79         

Exercised

     (111,355   $ 34.84         

Forfeited

     (130,700   $ 41.48         
  

 

 

         

Options at December 31, 2011

     2,326,776      $ 40.11         1,110,743       $ 39.74   

Granted

     329,500      $ 52.03         

Exercised

     (846,294   $ 39.47         

Forfeited

     (28,800   $ 43.23         
  

 

 

         

Options at December 29, 2012

     1,781,182      $ 42.56         661,865       $ 40.64   
  

 

 

         
Summary of Stock Options Outstanding And Exercisable

The following tables summarize stock options outstanding and exercisable at December 29, 2012:

 

     Options Outstanding  

Range of Exercise Prices Per Share

   Number
Outstanding
     Weighted Average
Remaining  Contractual
Term (years)
     Weighted Average
Exercise Price
per Share
 

$14.62 - $ 25.00

     18,019         0.8       $ 18.77   

$25.01 - $ 35.00

     55,704         2.1       $ 32.13   

$35.01 - $ 40.00

     458,663         6.0       $ 37.89   

$40.01 - $ 45.00

     865,696         5.4       $ 42.31   

$45.01 - $ 57.83

     383,100         8.4       $ 51.37   
  

 

 

       
     1,781,182         6.1       $ 42.56   
  

 

 

       

 

     Options Exercisable  

Range of Exercise Prices Per Share

   Number
Exercisable
     Weighted Average
Remaining  Contractual
Term (years)
     Weighted Average
Exercise Price
per Share
 

$14.62 - $ 25.00

     18,019         0.8       $ 18.77   

$25.01 - $ 35.00

     55,704         2.1       $ 32.13   

$35.01 - $ 40.00

     131,479         4.8       $ 37.11   

$40.01 - $ 45.00

     407,963         4.3       $ 43.03   

$45.01 - $ 51.99

     48,700         5.0       $ 47.94   
  

 

 

       
     661,865         4.2       $ 40.64   
  

 

 

       
Schedule of Information on Non-Vested Restricted Stock

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

 

     Number of
Shares
    Weighted Average
Grant Date Fair
Value
 

Outstanding at December 26, 2009

     11,500      $ 34.82   

Granted

     18,354      $ 42.41   
  

 

 

   

Outstanding at December 25, 2010

     29,854      $ 39.49   

Granted

     22,410      $ 44.82   

Vested

     (8,333   $ 42.14   

Forfeited

     (2,938   $ 37.13   
  

 

 

   

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 December 29, 2012

     34,719      $ 42.75