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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Share-Based Compensation [Abstract]  
Assumptions used in determining the fair value of stock options

The following table includes the assumptions we used in determining the fair value of stock options, the resulting weighted average fair value of options granted, and estimated forfeiture rates:

 

                 
    First Half Year Ended  
    June 30, 2012     June 25, 2011  

Expected dividend yield

    3.9     3.2

Expected stock price volatility

    52     51

Risk-free interest rate

    0.8     1.7

Expected term of options

    4.4 years       4.4 years  

Estimated forfeiture rate

    13     13

Weighted average fair value of options granted

  $ 3.97     $ 5.56  
Summary of stock option activity

The following table represents stock option activity for the quarter ended June 30, 2012:

 

                         
    Number of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contract Life
 

Outstanding options at beginning of period

    1,031,713     $ 12.77          

Granted

    3,750       12.90          

Exercised

    (187     7.75          

Canceled

    (20,400     13.61          
   

 

 

                 

Outstanding options at end of period

    1,014,876       12.75       3.7 years  
   

 

 

                 

Outstanding exercisable at end of period

    636,850       12.06       2.6 years