XML 35 R32.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Equity-Based Compensation (Tables)
6 Months Ended
Jul. 02, 2011
Compensation Expense And Related Tax Benefit For Equity-Based Payments
     Three Months Ended      Six Months Ended  
     July 2, 2011      July 3, 2010      July 2, 2011      July 3, 2010  

Cost of sales

   $ 299       $ 233       $ 537       $ 420   

Selling and marketing

     264         355         774         546   

Research and development

     347         345         694         661   

General and administrative

     2,570         1,452         4,945         2,712   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total compensation

     3,480         2,385         6,950         4,339   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income tax benefit

   $ 1,201       $ 823       $ 2,398       $ 1,497   
  

 

 

    

 

 

    

 

 

    

 

 

 
Weighted-Average Assumptions Used For Grants Of Stock Options And SARs
     Six Months Ended  
     July 2, 2011     July 3, 2010  

Expected dividend yield

     0     0

Forfeiture rate

     11.50     9.78

Volatility

     35.33     39.50

Risk free interest rate

     2.01     2.26

– Range of interest rates

     0.01% - 3.18     0.06% - 3.41

Expected weighted-average life

     5.42 years        5.36 years   

Fair value of options and SARs granted

   $ 5,347,000      $ 6,527,000   

Weighted-average grant date fair value of options and SARs granted

   $ 14.39      $ 10.65   
Summary Of Restricted Stock Award Activity
     Six Months Ended July 2, 2011  

Restricted Stock Awards

   Shares     Weighted-Average
Grant Date Fair Value
 

Outstanding at beginning of year

     844,686      $ 25.46   

Granted

     209,465        41.53   

Vested

     (195,071     30.24   

Forfeited

     (10,212     28.83   
  

 

 

   

 

 

 

Outstanding at end of period

     848,868      $ 28.29   
  

 

 

   

 

 

 
Summary Of Award Granted Under Equity-Based Compensation Plans
     As of
July 2, 2011
 

Awards granted under Zebra's equity based compensation plans:

  

Unearned compensation costs related to awards granted

   $ 23,329,000   

Period expected to be recognized over

     2.7 years   
Weighted-Average Assumptions Used For Employee Purchase Rights Granted Under Stock Purchase Plan
     Six Months Ended  
     July 2, 2011     July 3, 2010  

Fair market value

   $ 38.52      $ 26.79   

Option price

   $ 36.60      $ 25.45   

Expected dividend yield

     0     0

Expected volatility

     26     26

Risk free interest rate

     0.11     0.11
Stock Appreciation Rights (SARs) [Member]
 
Summary Of SAR Activity
     Six Months Ended July 2, 2011  

SARs

   Shares     Weighted-Average
Exercise Price
 

Outstanding at beginning of year

     1,234,787      $ 23.82   

Granted

     371,551        41.51   

Exercised

     (74,117     22.01   

Forfeited

     (210,841     24.36   

Expired

     (273     19.56   
  

 

 

   

 

 

 

Outstanding at end of period

     1,321,107      $ 28.81   
  

 

 

   

 

 

 

Exercisable at end of period

     318,637      $ 23.19   
  

 

 

   

 

 

 

Intrinsic value of exercised SARs

   $ 1,411,000     
  

 

 

   
Summary Of Outstanding And Exercisable SAR
Stock Options [Member]
 
Summary Of Outstanding And Exercisable SAR
Summary Of Stock Option Activity
     Six Months Ended July 2, 2011  

Options

   Shares     Weighted-Average
Exercise Price
 

Outstanding at beginning of year

     2,340,959      $ 37.36   

Granted

     0        0.00   

Exercised

     (348,332     25.87   

Forfeited

     (53,802     32.36   

Expired

     (45,009     39.51   
  

 

 

   

 

 

 

Outstanding at end of period

     1,893,816      $ 39.55   
  

 

 

   

 

 

 

Exercisable at end of period

     1,734,673      $ 39.94   
  

 

 

   

 

 

 

Intrinsic value of exercised options

   $ 5,192,000