XML 16 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share Based Compensation
 6 Months Ended
Jun. 28, 2014
Share-based Compensation [Abstract]  
Share Based Compensation
Share-Based Compensation:

Share-based compensation includes stock option and restricted stock unit awards and certain transactions under our Employee Stock Purchase Plan (the “ESPP”).   Share-based compensation expense is recognized based on grant date fair value of all options and restricted stock unit awards plus a discount on shares purchased by employees as a part of the ESPP.

There were no significant modifications to the Company's share-based compensation plans during the fiscal six months ended June 28, 2014.

For the second quarters of fiscal 2014 and 2013, share-based compensation expense was $4.2 million and $3.5 million, respectively, and $8.1 million and $6.9 million for the first six months of fiscal 2014 and 2013, respectively.

Stock Options

The following summarizes information concerning stock option grants during the first six months of fiscal 2014 and 2013:
 
Fiscal six months ended
 
June 28,
2014
 
June 29,
2013
Stock options granted
1,117,089

 
1,015,426

Weighted average exercise price
$
63.89

 
$
51.72

Weighted average fair value per option
$
15.33

 
$
14.65



As of June 28, 2014, total unrecognized compensation expense related to non-vested stock options was approximately $23.8 million with a remaining weighted average expense recognition period of 1.5 years.

Restricted Stock Units

The following summarizes information concerning restricted stock unit grants during the first six months of fiscal 2014 and 2013:
 
Fiscal six months ended
 
June 28,
2014
 
June 29,
2013
Restricted stock units granted
56,650

 
59,864

Weighted average fair value per share
$
64.52

 
$
51.72



As of June 28, 2014, total unrecognized compensation expense related to non-vested restricted stock units was approximately $4.6 million with a remaining weighted average expense recognition period of 1.9 years.