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EQUITY-BASED COMPENSATION PLANS (Tables) | 3 Months Ended
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Sep. 27, 2015
Recognized Equity Based Compensation Expense and Related Income Tax Benefit | The Company recognized the following equity-based compensation expense and related income tax benefit in the Condensed Consolidated Statements of Operations:
|  | Three Months Ended |
|  | September 27, 2015 |  |  | September 28, 2014 |
|  | (in thousands) |
Equity-based compensation expense |  | $ | 35,774 |  |  | $ | 32,040 |
Income tax benefit related to equity-based compensation expense |  | $ | 6,097 |  |  | $ | 4,724 |
Summary of Stock Plan Activity | A summary of stock plan transactions is as follows:
|  | Options Outstanding |  |  | Restricted Stock Units Outstanding |
|  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Number of Shares |  |  | Weighted- Average Fair Market Value at Grant |
June 28, 2015 |  |  | 835,832 |  |  | $ | 37.44 |  |  |  | 4,954,088 |  |  | $ | 60.13 |
Granted |  |  | — |  |  | $ | — |  |  |  | 73,614 |  |  | $ | 68.99 |
Exercised |  |  | (14,718 | ) |  | $ | 25.81 |  |  |  | N/A |  |  |  | N/A |
Cancelled |  |  | — |  |  | $ | — |  |  |  | (21,964 | ) |  | $ | 61.87 |
Vested restricted stock |  |  | N/A |  |  |  | N/A |  |  |  | (652,543 | ) |  | $ | 40.63 |
September 27, 2015 |  |  | 821,114 |  |  | $ | 37.66 |  |  |  | 4,353,195 |  |  | $ | 63.20 |
Schedule of ESPP Weighted-Average Assumptions | Purchase rights under the 1999 ESPP were valued using the Black-Scholes option valuation model and the following weighted-average assumptions for the three and nine months ended September 27, 2015 and September 28, 2014:
|  | Three Months Ended |
|  | September 27, 2015 |  |  | September 28, 2014 |
Expected term (years) |  |  | 0.68 |  |  |  | 0.68 |
Expected stock price volatility |  |  | 31.56 | % |  |  | 29.07 | %
Risk-free interest rate |  |  | 0.18 | % |  |  | 0.07 | %
Dividend Yield |  |  | 0.93 | % |  |  | 0.29 | %

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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F + Details
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- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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