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Share-Based Compensation (Tables)
9 Months Ended
Sep. 29, 2012
Fair Value of Options Granted

The Company used the following assumptions for the Black-Scholes option-pricing model to determine the fair value of options granted during the nine months ended September 29, 2012 and October 1, 2011:

 

     For the Nine Months Ended
     September 29, 2012   October 1, 2011

Risk-free interest rate

   0.50% - 0.66%   0.66% and 1.83%

Expected dividend yield

   0%   0%

Expected option life

   4 years   4 years

Expected volatility

   50.4% - 50.7%   47.9% - 48.7%

Weighted-average expected volatility

   50.7%   48.7%
Summary of Stock Option Activity

A summary of stock option activity and weighted-average exercise prices for the nine months ended September 29, 2012 follows:

Options Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate Intrinsic
Value as of
September 29, 2012

Outstanding at January 1, 2012

865,445 $ 26.72

Granted

242,866 56.86

Forfeited

(18,724 ) 30.95

Exercised

(256,331 ) 23.82

Outstanding at September 29, 2012

833,256 $ 36.31 4.8 $ 7,936

Options exercisable at September 29, 2012

364,397 $ 24.85 3.5 $ 6,001

Summary of Restricted Stock Activity

The following table summarizes the restricted stock and restricted stock unit activity and weighted average grant-date fair values for the nine months ended September 29, 2012:

 

     Shares     Weighted-Average
Grant Date
Fair Value
 

Non-vested at January 1, 2012

     43,527      $ 32.31   

Granted

     12,719        49.98   

Forfeited

     (1,619     27.39   

Vested

     (23,391     30.28   
  

 

 

   

 

 

 

Non-vested at September 29, 2012

     31,236      $ 45.80