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Share-based Payment Arrangements (Tables)
6 Months Ended
Jun. 29, 2013
Amounts Recognized in 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 29,
2013
     June 30,
2012
     June 29,
2013
     June 30,
2012
 

Total cost of the Plans during the period

   $ 2,992       $ 3,186       $ 1,374       $ 1,661   

Amount of related income tax benefit recognized during the period

     979         1,332         282         379   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net cost of the Plans during the period

   $ 2,013       $ 1,854       $ 1,092       $ 1,282   
  

 

 

    

 

 

    

 

 

    

 

 

 
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 2013 and 2012 twenty-six-week periods:

 

      2013     2012  

Expected volatility

     32.0     34.0

Expected dividend yield

     0.410     0.420

Risk-free interest rate

     0.75     0.90

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:

 

                  Weighted Average         
     Number of     Weighted Average
Exercise Price
     Remaining
Contractual
     Aggregate Intrinsic  
     Options     per Share      Term (years)      Value (000s)  

Options outstanding at December 29, 2012

     1,781,182      $ 42.56         

Granted

     152,500      $ 56.40         

Exercised

     (371,570   $ 40.58         

Forfeited

     (37,400   $ 40.44         
  

 

 

         

Options outstanding at June 29, 2013

     1,524,712      $ 44.48         6.5       $ 10,703   
  

 

 

         

Options exercisable at June 29, 2013

     744,212      $ 42.13         4.6       $ 6,971   
  

 

 

         
Non-vested Restricted Stock
 
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    

Weighted Average

Grant Date

 
     Shares     Fair Value  

Outstanding at December 29, 2012

     34,719      $  42.75   

Granted

     13,449      $ 54.56   

Vested

     (11,975   $ 45.61   
  

 

 

   

Outstanding at June 29, 2013

     36,193      $ 46.19   
  

 

 

   
Restricted Stock Units (RSUs)
 
Schedule of Information on Restricted Stock Units

The following table summarizes information regarding the Company’s outstanding RSU awards under the Plans:

 

     Number of    

Weighted Average

Grant Date

 
     Units     Fair Value  

Outstanding at December 29, 2012

     113,000      $  44.78   

Granted

     244,500      $ 51.19   

Vested

     (21,901   $ 44.78   

Forfeited

     (7,046   $ 45.45   
  

 

 

   

Outstanding at June 29, 2013

     328,553      $ 49.54