Stock-Based Compensation (Tables)

12 Months Ended

Dec. 29, 2012

Stock-Based Compensation [Abstract]

Weighted average assumptions used in calculating fair value of stock options

The Company estimates the fair value of all stock option awards as of the grant date by applying the Black-Scholes-Merton option pricing model.  The use of this valuation model in the determination of compensation expense involves certain assumptions that are judgmental and/or highly sensitive including the expected life of the option, stock price volatility, risk-free interest rate, and dividend yield.  Additionally, forfeitures are estimated at the time of valuation and reduce expense ratably over the vesting period.  The forfeiture rate, which was estimated at 16.5 percent for 2012 and 17.0 percent for 2011 and 2010, is adjusted periodically based on actual forfeitures.  The weighted average of key assumptions used in determining the fair value of options granted and a discussion of the methodology used to develop each assumption are as follows:

	2012		2011		2010
Expected term	6.5 years		6.3 years		6.3 years
Expected price volatility		0.375		0.358		0.353
Risk-free interest rate		0.7%		1.7%		2.4%
Dividend yield		0.9%		1.1%		1.6%

Summary of the stock option activity

The Company generally issues treasury shares when options are exercised.  A summary of the stock option activity and related information follows:

(Shares in thousands)	Options			Weighted Average Exercise Price
Outstanding at December 26, 2009		1,604		$	27.56
Granted		233			24.70
Exercised		(148	)		19.26
Expired		(24	)		30.78
Outstanding at December 25, 2010		1,665			27.85
Granted		31			37.54
Exercised		(464	)		27.91
Outstanding at December 31, 2011		1,232			28.07
Granted		46			43.58
Exercised		(575	)		28.29
Canceled		(9	)		27.01
Outstanding at December 29, 2012		694			28.93