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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2011
STOCK-BASED COMPENSATION  
Schedule of assumptions used in estimating fair value of each option grant

 

 

 
  2011   2010   2009  

Expected volatility

    32.50 %   31.80 %   31.80 %

Risk-free interest rate

    0.88 %   1.62 %   2.26 %

Expected life from vesting date

    3.0 yrs     3.0 yrs     3.0 yrs.  

Dividend yield

    0.82 %   0.81 %   0.66 %
Summary of activity of stock plans

 

 

 
  Number of Shares   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term   Aggregate Intrinsic Value  

Outstanding at December 27, 2008

    1,112,777   $ 49.36              

Granted

    242,707     78.65              

Exercised

    (186,120 )   (26.28 )            

Forfeited

    (43,053 )   (64.84 )            
                         

Outstanding at December 26, 2009

    1,126,311   $ 59.06     5.12   $ 26,454  
                       

Options vested or expected to vest at December 26, 2009

    1,085,735   $ 58.60     5.07     25,998  
                       

Options exercisable at December 26, 2009

    581,145   $ 47.76     4.02     20,229  
                       

        The weighted average per share fair value of options granted during 2009 was $22.97.

 
  Number of
Shares
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 

Outstanding at December 26, 2009

    1,126,311   $ 59.06              

Granted

    229,703     85.12              

Exercised

    (109,711 )   (32.09 )            

Forfeited

    (23,409 )   (71.11 )            
                         

Outstanding at December 25, 2010

    1,222,894   $ 66.22     4.86   $ 25,703  
                       

Options vested or expected to vest at December 25, 2010

    1,187,408   $ 65.84     4.81     25,401  
                       

Options exercisable at December 25, 2010

    708,014   $ 58.05     3.91     20,614  
                       

        The weighted average per share fair value of options granted during 2010 was $23.69.

 
  Number of
Shares
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 

Outstanding at December 25, 2010

    1,222,894   $ 66.22              

Granted

    214,206     85.40              

Exercised

    (306,218 )   (61.57 )            

Forfeited

    (52,169 )   (76.12 )            
                         

Outstanding at December 31, 2011

    1,078,713   $ 70.88     4.68   $ 22,382  
                       

Options vested or expected to vest at December 31, 2011

    1,048,182   $ 70.52     4.63     22,113  
                       

Options exercisable at December 31, 2011

    618,844   $ 61.57     3.56     18,441  
                       

        The weighted average per share fair value of options granted during 2011 was $23.32.

Summary of status of stock options outstanding

Following is a summary of the status of stock options outstanding at December 31, 2011:

Outstanding and Exercisable By Price Range  
Options Outstanding   Options Exercisable  
Exercise Price Range   Number   Weighted
Average
Remaining
Contractual
Life
  Weighted
Average
Exercise
Price
  Number   Weighted
Average
Exercise
Price
 
$  19.73 -   34.33     126,354   1.86 years   $ 25.59     126,354   $ 25.59  
    40.21 -   60.97     255,880   3.40 years     56.66     235,980     56.90  
    64.36 -   99.13     684,250   5.64 years     83.74     256,510     83.59  
  105.44 - 110.26     12,229   6.25 years     109.04          
                           
      1,078,713               618,844        
                           
Schedule of non-vested stock and restricted stock units

 

 

 
  2011   2010   2009  

Shares issued

    47,417     29,076     21,607  

Weighted-average per share price on grant date

  $ 88.26   $ 80.91   $ 64.44  

Compensation expense

  $ 2,004   $ 2,541   $ 2,595