XML 41 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.8

STOCK OPTION PLANS | 6 Months Ended
--- | ---
Aug. 17, 2013
STOCK OPTION PLANS |
STOCK OPTION PLANS | 2. STOCK OPTION PLANS The Company recognized total stock-based compensation of $23 and $17 in the second quarters ended August 17, 2013 and August 11, 2012, respectively. The Company recognized total stock-based compensation of $47 and $41 in the first two quarters of 2013 and 2012, respectively. These costs were recognized as operating, general and administrative costs in the Company’s Consolidated Statements of Operations. The Company grants options for common shares (“stock options”) to employees, as well as to its non-employee directors, under various plans at an option price equal to the fair market value of the shares at the date of grant. In addition to stock options, the Company awards restricted stock to employees and its non-employee directors under various plans. Equity awards may be made once each quarter on a predetermined date. It has been the Company’s practice to make a general annual grant to employees, which occurred in the second quarter of 2013. Special grants may be made in the other three quarters. Grants to non-employee directors occur on the same date that the general annual grant to employees occurs. Stock options granted in the first two quarters of 2013 expire 10 years from the date of grant and vest between one year and five years from the date of grant. Restricted stock awards granted in the first two quarters of 2013 have restrictions that lapse between one year and five years from the date of the awards. All grants and awards become immediately exercisable, in the case of options, and restrictions lapse, in the case of restricted stock, upon certain changes of control of the Company. Changes in equity awards outstanding under the plans are summarized below. Stock Options
|  | Shares subject to option |  | Weighted-average exercise price |
Outstanding, February 2, 2013 |  | 26.5 |  | $ | 22.61 |
Granted |  | 4.1 |  | $ | 37.63 |
Exercised |  | (7.0 | ) | $ | 22.30 |
Canceled or Expired |  | (0.1 | ) | $ | 23.85 |
Outstanding, August 17, 2013 |  | 23.5 |  | $ | 25.32 |
Restricted Stock
|  | Restricted shares outstanding |  | Weighted-average grant-date fair value |
Outstanding, February 2, 2013 |  | 4.3 |  | $ | 22.67 |
Granted |  | 2.6 |  | $ | 37.56 |
Vested |  | (2.4 | ) | $ | 22.85 |
Forfeited |  | (0.1 | ) | $ | 23.93 |
Outstanding, August 17, 2013 |  | 4.4 |  | $ | 31.27 |
The weighted-average fair value of stock options granted during the first two quarters of 2013 and 2012, was $8.97 and $4.37, respectively. The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option-pricing model, based on the assumptions shown in the table below. The Black-Scholes model utilizes extensive accounting judgment and financial estimates, including the term option holders are expected to retain their stock options before exercising them, the volatility of the Company’s stock price over that expected term, the dividend yield over the term, and the number of awards expected to be forfeited before they vest. Using alternative assumptions in the calculation of fair value would produce fair values for stock option grants that could be different than those used to record stock-based compensation expense in the Consolidated Statements of Operations. The increase in the fair value of the stock options granted during the first two quarters of 2013, compared to the first two quarters of 2012, resulted primarily from an increase in the Company’s share price, which decreased the expected dividend yield and an increase in the weighted average risk-free interest rate. The following table reflects the weighted average assumptions used for grants awarded to option holders:
|  | 2013 |  | 2012 |
Risk-free interest rate |  | 1.87% |  | 0.97% |
Expected dividend yield |  | 1.82% |  | 2.49% |
Expected volatility |  | 26.34% |  | 26.48% |
Expected term |  | 6.8 Years |  | 6.9 Years |

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration