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STOCK-BASED COMPENSATION
 6 Months Ended
Sep. 29, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION
Stock-based compensation expense of $5.0 million and $4.7 million was recognized for the six months ended September 29, 2012 and October 1, 2011, respectively. The related income tax benefit recognized was $1.6 million and $1.3 million for the six months ended September 29, 2012 and October 1, 2011, respectively.
The weighted average fair value for our options granted was $18.02 and $18.27 for the six months ended September 29, 2012 and October 1, 2011, respectively. The assumptions utilized for estimating the fair value of option grants during the periods presented are as follows:
 
Six Months Ended
 
September 29,
2012
 
October 1,
2011
Stock Options Black-Scholes assumptions (weighted average):
 
 
 
Volatility
27.18
%
 
27.42
%
Expected life (years)
5

 
4.9

Risk-free interest rate
0.62
%
 
1.60
%
Dividend yield
—
%
 
—
%

During the six months ended September 29, 2012 and October 1, 2011, there were 42,257 and 41,067 shares, respectively, purchased under the Employee Stock Purchase Plan. They were purchased at $49.83 and $46.80 per share, respectively.