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Equity-Based Compensation (Tables)
9 Months Ended
Sep. 29, 2012
Compensation Expense And Related Tax Benefit For Equity-Based Payments
    Three Months Ended     Nine Months Ended  
    September 29, 2012     October 1, 2011     September 29, 2012     October 1, 2011  

Cost of sales

  $ 287      $ 218      $ 820      $ 755   

Selling and marketing

    511        333        1,271        1,107   

Research and development

    374        343        1,196        1,037   

General and administrative

    2,268        2,204        8,198        7,149   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total compensation

  $ 3,440      $ 3,098      $ 11,485      $ 10,048   
 

 

 

   

 

 

   

 

 

   

 

 

 

Income tax benefit

  $ 1,217      $ 1,069      $ 4,003      $ 3,467   
 

 

 

   

 

 

   

 

 

   

 

 

 
Weighted-Average Assumptions Used For Grants Of Stock Options And SARs
     Nine Months Ended  
     September 29, 2012     October 1, 2011  

Expected dividend yield

     0     0

Forfeiture rate

     10.21     11.50

Volatility

     35.90     35.33

Risk free interest rate

     .94     2.01

Range of interest rates

     0.07% - 1.95     0.01% - 3.18

Expected weighted-average life

     5.48 years        5.42 years   

Fair value of stock appreciation rights (SARs) granted

   $ 5,507,000      $ 5,495,000   

Weighted-average grant date fair value of SARs granted

   $ 12.84      $ 14.29   
Summary of SAR Activity
     Nine Months Ended September 29, 2012  

SARs

  
Shares
    Weighted-Average
Exercise Price
 

Outstanding at beginning of year

     1,287,724      $ 28.91   

Granted

     428,987        38.51   

Exercised

     (64,582     23.05   

Forfeited

     (35,725     34.30   

Expired

     (2,011)        41.57   

Outstanding at end of period

     1,614,393      $ 31.56   

Exercisable at end of period

     553,996      $ 26.48   

Intrinsic value of exercised SARs

   $ 953,020     
Summary Of Outstanding And Exercisable Options

The following table summarizes information about stock options outstanding at September 29, 2012:

 

     Outstanding      Exercisable  

Range of Exercise Prices

   Number
of Shares
     Weighted-Average
Remaining Contractual Life
     Weighted-Average
Exercise Price
     Number
of Shares
     Weighted-Average
Exercise Price
 

$ 1.29-$36.49

     422,223         4.78 years       $ 32.84         416,537       $ 33.02   

$ 36.80-$41.25

     378,221         4.56 years         39.78         378,221         39.78   

$ 42.28-$45.62

     401,316         2.99 years         44.51         401,316         44.51   

$ 46.18-$51.62

     374,856         2.20 years         48.63         374,856         48.63   

$ 53.92-$53.92

     1,800         1.66 years         53.92         1,800         53.92   
  

 

 

          

 

 

    
     1,578,416               1,572,730      
  

 

 

          

 

 

    

 

     Outstanding      Exercisable

Aggregate intrinsic value

   $ 1,744,000       $1,643,000

Weighted-average remaining contractual term

     3.7 years       3.7 years
Summary Of Stock Option Activity
     Nine Months Ended September 29, 2012  

Options

  
Shares
    Weighted-Average
Exercise Price
 

Outstanding at beginning of year

     1,702,650      $ 40.43   

Granted

     0        0.00   

Exercised

     (102,230     27.26   

Forfeited

     (1,663     36.36   

Expired

     (20,341     43.63   
  

 

 

   

 

 

 

Outstanding at end of period

     1,578,416      $ 41.24   
  

 

 

   

 

 

 

Exercisable at end of period

     1,572,730      $ 41.32   
  

 

 

   

 

 

 

Intrinsic value of exercised options

   $ 1,090,858     
  

 

 

   
Summary Of Restricted Stock Award Activity
     Nine Months Ended September 29, 2012  

Restricted Stock Awards

  
Shares
    Weighted-Average
Grant Date Fair Value
 

Outstanding at beginning of year

     836,141      $ 28.34   

Granted

     235,889        38.53   

Released

     (226,978     20.93   

Forfeited

     (113,640     23.26   
  

 

 

   

 

 

 

Outstanding at end of period

     731,412      $ 34.72   
  

 

 

   

 

 

 
Summary Of Awards Granted Under Equity-Based Compensation Plans
     As of
September 29, 2012
 

Awards granted under Zebra’s equity based compensation plans:

  

Unearned compensation costs related to awards granted

   $ 21,978,000   

Period expected to be recognized over

     2.6 years   
Weighted-Average Assumptions Used For Employee Purchase Rights Granted Under Stock Purchase Plan
     Nine Months Ended  
     September 29, 2012     October 1, 2011  

Fair market value

   $ 34.93      $ 35.86   

Option price

   $ 33.18      $ 34.07   

Expected dividend yield

     0     0

Expected volatility

     21     32

Risk free interest rate

     0.06     0.09
Stock Appreciation Rights (SARs) [Member]
 
Summary Of Outstanding And Exercisable Options

The following table summarizes information about SARs outstanding at September 29, 2012:

 

     Outstanding      Exercisable  

Range of

Exercise Prices

   Number
of Shares
     Weighted-Average
Remaining Contractual Life
     Weighted-Average
Exercise Price
     Number
of Shares
     Weighted-Average
Exercise Price
 

$ 19.56-$19.56

     368,856         6.60 years       $ 19.56         256,826       $ 19.56   

$ 21.83-$27.50

     56,764         7.10 years         24.82         46,761         24.64   

$ 27.82-$27.82

     400,461         7.60 years         27.82         127,518         27.82   

$ 28.33-$37.15

     61,725         9.02 years         33.37         25,976         34.82   

$ 38.79-$42.36

     726,587         9.12 years         40.09         96,915         41.69   
  

 

 

          

 

 

    
     1,614,393               553,996      
  

 

 

          

 

 

    

 

     Outstanding      Exercisable

Aggregate intrinsic value

   $ 10,972,000       $6,257,000

Weighted-average remaining contractual term

     8.1 years       7.4 years