XML 71 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Incentive Compensation Plans (Tables)
 12 Months Ended
Nov. 24, 2013
Share-based Compensation [Abstract]  
Stock appreciation rights award activity
SARs activity during the years ended November 24, 2013, and November 25, 2012, was as follows:
 
Service SARs
 
Performance-based SARs
 
Units
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life (Years)
 
Units
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life (Years)
 
(Units in thousands)
Outstanding at November 27, 2011
2,021

 
 
$
40.52

 
 
3.9
 
 
 
 
 
 
 
 
Granted
1,438

 
 
32.09

 
 
 
 
 
 
 
 
 
 
 
Exercised
(271
)
 
 
24.93

 
 
 
 
 
 
 
 
 
 
 
Forfeited
(387
)
 
 
35.78

 
 
 
 
 
 
 
 
 
 
 
Expired
(264
)
 
 
43.49

 
 
 
 
 
 
 
 
 
 
 
Outstanding at November 25, 2012
2,537

 
 
$
37.82

 
 
4.5
 
—

 
 
 
 
 
 
Granted
672

 
 
40.21

 
 
 
 
672

 
 
$
40.21

 
 
 
Exercised
(380
)
 
 
35.91

 
 
 
 
—

 
 
 
 
 
 
Forfeited
(79
)
 
 
35.07

 
 
 
 
(28
)
 
 
37.75

 
 
 
Expired
(737
)
 
 
47.59

 
 
 
 
—

 
 
 
 
 
 
Outstanding at November 24, 2013
2,013

 
 
$
35.51

 
 
5.5
 
644

 

$
40.32

 
 
6.3
Vested and expected to vest at November 24, 2013
1,893

 
 
$
35.36

 
 
5.4
 
478

 
 
$
40.32

 
 
6.3
Exercisable at November 24, 2013
718

 
 
$
34.02

 
 
4.9
 
—

 
 
 
 
 
 
Stock appreciation rights, valuation assumptions
The weighted-average grant date fair values and corresponding weighted-average assumptions used in the model were as follows:
 
 
Service SARs Granted
 
Performance-based SARs Granted
 
 
 
2013
 
2012
 
2011
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average grant date fair value
$
12.21

 
$
10.96

 
$
16.08

 
$
12.54

 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average assumptions:
 
 
 
 
 
 
 
 
 
Expected life (in years)
4.6

 
4.5

 
4.6

 
5.0

 
 
Expected volatility
43.2
%
 
47.1
%
 
46.9
%
 
42.6
%
 
 
Risk-free interest rate
0.8
%
 
0.6
%
 
2.0
%
 
0.9
%
 
 
Expected dividend
1.7
%
 
1.7
%
 
1.2
%
 
1.7
%
 
Restricted stock units award activity
RSU activity during the years ended November 24, 2013, and November 25, 2012, was as follows:
 
 
Units
 
Weighted-Average Fair Value
 
 
 
(Units in thousands)
 
 
Outstanding at November 27, 2011
60

 
 
$
38.61

 
 
 
Granted
34

 
 
32.90

 
 
 
Converted
(22
)
 
 
31.13

 
 
 
Outstanding at November 25, 2012
72

 
 
$
38.11

 
 
 
Granted
26

 
 
56.79

 
 
 
Converted
(23
)
 
 
37.37

 
 
 
Outstanding, vested and expected to vest at November 24, 2013
75

 
 
$
44.66

 
 
Total shareholder return plan activity
Liability award activity during the years ended November 24, 2013, and November 25, 2012, was as follows:
 
TSRPs
 
PRSUs
 
Units
 
Weighted-Average Exercise Price
 
Weighted-Average Fair Value At Period End
 
Units
 
Weighted-Average Exercise Price
 
Weighted-Average Fair Value At Period End
 
(Units in thousands)
Outstanding at November 27, 2011
1,169

 
 
$
34.09

 
 
 
$
6.59

 
 
 
 
 
 
 
 
 
 
 
Granted
389

 
 
32.09

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercised
(437
)
 
 
24.84

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forfeited
(289
)
 
 
37.46

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expired
—

 
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at November 25, 2012
832

 
 
$
36.83

 
 
 
$
4.22

 
 
—

 
 
 
 
 
 
 
 
Granted
—

 
 
—

 
 
 
 
 
 
398

 
 
$
38.19

 
 
 
 
 
Exercised
(252
)
 
 
36.36

 
 
 
 
 
 
—

 
 
 
 
 
 
 
 
Performance Adjustment of PRSU
 
 
 
 
 
 
 
 
 
 
66

 
 
37.75

 
 
 
 
 
Forfeited
(164
)
 
 
37.23

 
 
 
 
 
 
(60
)
 
 
37.75

 
 
 
 
 
Expired
—

 
 
—

 
 
 
 
 
 
—

 
 
 
 
 
 
 
 
Outstanding at November 24, 2013
416

 
 
$
36.96

 
 
 
$
25.42

 
 
404

 
 
$
38.19

 
 
 
$
62.75

 
Vested and expected to vest at November 24, 2013
373

 
 
$
37.52

 
 
 
$
24.90

 
 
267

 
 
$
38.19

 
 
 
$
62.75

 
Exercisable at November 24, 2013
191

 
 
$
42.70

 
 
 
$
19.98

 
 
—

 
 
 
 
 
 
 
 
Total shareholder return plan, valuation assumptions
The weighted-average assumptions used in the TSRPs Black-Scholes model were as follows:
 
 
TSRPs Outstanding at
 
 
 
November 24, 2013
 
November 25, 2012
 
 
 
 
 
 
 
 
Weighted-average assumptions:
 
 
 
 
 
 
 
 
 
Expected life (in years)
 
0.6

 
 
 
1.2

 
 
 
Expected volatility
 
30.8
%
 
 
 
38.3
%
 
 
 
Risk-free interest rate
 
0.1
%
 
 
 
0.2
%
 
 
 
Expected dividend
 
1.1
%
 
 
 
1.7
%