XML 92 R12.htm IDEA: XBRL DOCUMENT
v2.3.0.15

Stock Purchase And Stock Option Plans | 12 Months Ended
--- | ---
Sep. 30, 2011
Stock Purchase And Stock Option Plans |
Stock Purchase And Stock Option Plans | 4. Stock Purchase and Stock Option Plans Broad-Based, Employee Stock Purchase Plans We sponsor two, broad-based, shareholder-approved employee stock purchase plans: the Jacobs Engineering Group Inc. 1989 Employee Stock Purchase Plan (the "1989 ESPP") and the Jacobs Engineering Group Inc. Global Employee Stock Purchase Plan (the "GESPP"). Both plans offer employees the right to purchase shares of the common stock of Jacobs at a discount that is limited to 5% of the per-share market value on the day shares are sold to employees. The following table summarizes the stock issuance activity under the 1989 ESPP and the GESPP during each of the last three fiscal years:
|  | 2011 |  |  | 2010 |  |  | 2009 |
Aggregate Purchase Price Paid for Shares Sold: |  |  |  |  |  |  |  |  |  |  |  |
Under the 1989 ESPP |  | $ | 31,887,660 |  |  | $ | 30,042,431 |  |  | $ | 37,246,390 |
Under the GESPP |  |  | 2,894,302 |  |  |  | 2,850,202 |  |  |  | 3,033,146 |
Total |  | $ | 34,781,962 |  |  | $ | 32,892,633 |  |  | $ | 40,279,536 |
Aggregate Number of Shares Sold: |  |  |  |  |  |  |  |  |  |  |  |
Under the 1989 ESPP |  |  | 771,818 |  |  |  | 802,508 |  |  |  | 966,241 |
Under the GESPP |  |  | 69,386 |  |  |  | 74,848 |  |  |  | 76,420 |
Total |  |  | 841,204 |  |  |  | 877,356 |  |  |  | 1,042,661 |
At September 30, 2011, there were 3,910,515 shares reserved for issuance under the 1989 ESPP, and there were 413,391 shares reserved for issuance under the GESPP. Stock Incentive Plans We sponsor two, continuing, shareholder-approved stock incentive plans: the 1999 Stock Incentive Plan (the "1999 SIP") and the 1999 Outside Director Stock Plan (the "1999 ODSP"). The 1999 SIP provides for the issuance of incentive stock options, nonqualified stock options, restricted stock, and restricted stock units to employees. The 1999 ODSP provides for awards of shares of common stock, restricted stock, and restricted stock units, and grants of nonqualified stock options to our outside (i.e., nonemployee) directors. The 1999 SIP and the 1999 ODSP (together, the "1999 Plans") replaced our 1981 Executive Incentive Plan (the "1981 Plan"). The following table sets forth certain information about the 1999 Plans:
|  | 1999 SIP |  |  | 1999 ODSP |  |  | Total |
Number of shares authorized |  |  | 18,700,000 |  |  |  | 800,000 |  |  |  | 19,500,000 |
Number of remaining shares reserved for issuance at September 30, 2011 |  |  | 8,255,742 |  |  |  | 456,500 |  |  |  | 8,712,242 |
Number of shares relating to outstanding stock options at September 30, 2011 |  |  | 6,205,635 |  |  |  | 255,875 |  |  |  | 6,461,510 |
Number of shares available for future awards: |  |  |  |  |  |  |  |  |  |  |  |
At September 30, 2011 |  |  | 2,050,107 |  |  |  | 200,625 |  |  |  | 2,250,732 |
At October 1, 2010 |  |  | 2,916,492 |  |  |  | 245,625 |  |  |  | 3,162,117 |
The number of shares of common stock that may be awarded under the 1999 SIP in the form of restricted stock is limited to 4,870,000 shares, and shares of restricted stock that are subsequently forfeited become available again for issuance as restricted stock. At September 30, 2011, there were a total of 2,050,107 shares of common stock that remained available for issuance in the form of restricted stock under the 1999 SIP. The following table presents the fair value of shares (of restricted stock and restricted stock units) vested during the years presented (in thousands):
|  | 2011 |  |  | 2010 |  |  | 2009 |
Fair value of shares vested |  | $ | 4,848 |  |  | $ | 4,188 |  |  | $ | 1,424 |
The following table presents the Company's total pre-tax compensation cost relating to share-based payments included in the accompanying Consolidated Statements of Earnings (in thousands):
|  | 2011 |  |  | 2010 |  |  | 2009 |
Share-based compensation expense (pre-tax) |  | $ | 29,084 |  |  | $ | 24,361 |  |  | $ | 24,085 |
The following table summarizes the stock option activity under the 1999 Plans and the 1981 Plan for each of the last three fiscal years:
|  | Number of Stock Options |  |  | Weighted Average Exercise Price |
Outstanding at September 26, 2008 |  |  | 6,932,559 |  |  | $ | 35.45 |
Granted |  |  | 688,650 |  |  | $ | 41.07 |
Exercised |  |  | (527,616 | ) |  | $ | 15.07 |
Cancelled or expired |  |  | (62,576 | ) |  | $ | 57.38 |
Outstanding at October 2, 2009 |  |  | 7,031,017 |  |  | $ | 37.43 |
Granted |  |  | 975,000 |  |  | $ | 43.79 |
Exercised |  |  | (447,200 | ) |  | $ | 15.90 |
Cancelled or expired |  |  | (148,237 | ) |  | $ | 60.39 |
Outstanding at October 1, 2010 |  |  | 7,410,580 |  |  | $ | 39.10 |
Granted |  |  | 433,600 |  |  | $ | 46.04 |
Exercised |  |  | (1,363,005 | ) |  | $ | 21.37 |
Cancelled or expired |  |  | (19,665 | ) |  | $ | 47.81 |
Outstanding at September 30, 2011 |  |  | 6,461,510 |  |  | $ | 43.28 |
Stock options outstanding at September 30, 2011 consisted entirely of nonqualified stock options. The following table presents the total intrinsic value of stock options exercised (in thousands):
|  | 2011 |  |  | 2010 |  |  | 2009 |
Intrinsic value of stock options exercised |  | $ | 34,665 |  |  | $ | 11,764 |  |  | $ | 15,033 |
The total intrinsic value of stock options exercisable at September 30, 2011 was approximately $18.0 million. The following table presents certain other information regarding our stock incentive plans:
|  | 2011 |  |  | 2010 |  |  | 2009 |
At fiscal year end: |  |  |  |  |  |  |  |  |  |  |  |
Range of exercise prices for options outstanding |  | $ | 13.29–$94.11 |  |  | $ | 10.79–$94.11 |  |  | $ | 7.03–$94.11 |
Number of options exercisable |  |  | 4,822,297 |  |  |  | 5,441,883 |  |  |  | 5,075,975 |
For the fiscal year: |  |  |  |  |  |  |  |  |  |  |  |
Range of prices relating to options exercised |  | $ | 10.785–$41.18 |  |  | $ | 7.03–$37.35 |  |  | $ | 7.73–$37.68 |
Estimated weighted average fair values of options granted |  | $ | 19.43 |  |  | $ | 19.33 |  |  | $ | 19.71 |
The following table presents certain information regarding stock options outstanding, and stock options exercisable at September 30, 2011:
|  | Options Outstanding |  |  | Options Exercisable |
Range of Exercise Prices |  | Number |  |  | Weighted Average Remaining Contractual Life (years) |  |  | Weighted Average Price |  |  | Number |  |  | Weighted Average Exercise Price |
$13.29 - $18.49 |  |  | 262,200 |  |  |  | 0.89 |  |  | $ | 15.70 |  |  |  | 262,200 |  |  | $ | 15.70 |
$19.21 - $26.95 |  |  | 1,489,535 |  |  |  | 1.11 |  |  | $ | 23.10 |  |  |  | 1,489,535 |  |  | $ | 23.10 |
$32.51 - $37.35 |  |  | 474,250 |  |  |  | 2.20 |  |  | $ | 37.30 |  |  |  | 452,375 |  |  | $ | 37.33 |
$37.68 - $46.86 |  |  | 2,656,000 |  |  |  | 5.88 |  |  | $ | 42.85 |  |  |  | 1,515,550 |  |  | $ | 43.00 |
$47.11 - $55.04 |  |  | 391,550 |  |  |  | 8.83 |  |  | $ | 48.41 |  |  |  | 82,465 |  |  | $ | 48.17 |
$56.95 - $57.81 |  |  | 515,825 |  |  |  | 2.76 |  |  | $ | 56.97 |  |  |  | 513,825 |  |  | $ | 56.97 |
$76.15 - $83.61 |  |  | 80,625 |  |  |  | 4.27 |  |  | $ | 81.33 |  |  |  | 60,625 |  |  | $ | 81.33 |
$88.19 - $94.11 |  |  | 591,525 |  |  |  | 3.63 |  |  | $ | 92.57 |  |  |  | 445,722 |  |  | $ | 92.57 |
|  |  | 6,461,510 |  |  |  | 4.01 |  |  | $ | 43.28 |  |  |  | 4,822,297 |  |  | $ | 41.47 |
Our stock incentive plans allow participants to satisfy the exercise price of stock options by tendering shares of Jacobs common stock that have been owned by the participants for at least six months. Shares so tendered are retired and canceled, and are shown as repurchases of common stock in the accompanying Consolidated Statements of Stockholders' Equity. At September 30, 2011, the amount of compensation cost relating to nonvested awards not yet recognized in the financial statements is approximately $27.9 million. The majority of the unrecognized compensation costs will be recognized by the second quarter of fiscal 2013. The weighted average remaining contractual term of options currently exercisable is 2.60 years. The following table presents the number of shares of restricted stock and restricted stock units issued under the 1999 Plans:
|  | 2011 |  |  | 2010 |  |  | 2009 |
Restricted stock issued |  |  | 226,850 |  |  |  | 525,600 |  |  |  | 147,300 |
Restricted stock units issued (service condition) |  |  | 12,100 |  |  |  | 9,000 |  |  |  | 9,000 |
Restricted stock units issued (service and performance conditions) |  |  | 291,700 |  |  |  | — |  |  |  | — |
The restrictions generally relate to the recipient's ability to sell or otherwise transfer the stock or stock units. There are also restrictions that subject the stock and stock units to forfeiture back to the Company until earned by the recipient through continued employment or service. At September 30, 2011, there were 1,167,300 shares of restricted stock; 44,100 shares of restricted stock units (service condition) and 291,700 shares of restricted stock units (service and performance conditions) outstanding under the 1999 Plans.

X
- Definition Stock Purchase And Stock Option Plans Disclosure [Text Block] + Details
Name: | jec_StockPurchaseAndStockOptionPlansDisclosureTextBlock
Namespace Prefix: | jec
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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