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Share-Based Compensation (Tables)
3 Months Ended
Mar. 30, 2013
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 three months ended March 30, 2013 and March 31, 2012:

 

     For the Three Months Ended  
     March 30, 2013     March 31, 2012  

Risk-free interest rate

     0.55     0.66

Expected dividend yield

     0     0

Expected option life

     4 years        4 years   

Expected volatility

     48.4     50.7

Weighted-average expected volatility

     48.4     50.7
Summary of Stock Option Activity

A summary of stock option activity and weighted-average exercise prices for the three months ended March 30, 2013 follows:

 

     Options     Weighted-
Average
Exercise Price
     Weighted-Average
Remaining
Contractual Term
     Aggregate Intrinsic
Value as of
March 30, 2013
 

Outstanding at January 1, 2013

     831,504      $ 36.31         

Granted

     238,767        43.78         

Forfeited

     (35,136     44.93         

Exercised

     (115,158     26.58         
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at March 30, 2013

     919,977      $ 39.23         5.1       $ 7,194   
  

 

 

   

 

 

    

 

 

    

 

 

 

Options exercisable at March 30, 2013

     455,199      $ 31.50         4.0       $ 6,438   
  

 

 

   

 

 

    

 

 

    

 

 

 
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 three months ended March 30, 2013:

 

     Shares     Weighted-Average
Grant Date
Fair Value
 

Non-vested at January 1, 2013

     31,236      $ 45.80   

Granted

     427        44.28   

Forfeited

     (1,586     51.89   

Vested

     (3,747     38.51   
  

 

 

   

 

 

 

Non-vested at March 30, 2013

     26,330      $ 46.44