v2.4.0.8

STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 29, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of recorded stock-based compensation cost

The Company recorded stock-based compensation cost as follows:

	Fiscal quarters ended								Two fiscal quarters ended
(dollars in thousands)	June 29, 2013				June 30, 2012				June 29, 2013				June 30, 2012
Stock options	$	1,233			$	1,112			$	2,508			$	2,043
Restricted stock:
Time-based awards	1,791				1,439				3,482				2,593
Performance-based awards	1,156				662				1,982				1,070
Stock awards	180				270				453				645
Total	$	4,360			$	3,483			$	8,425			$	6,351

Summary of stock option activity

The following table summarizes the Company's stock option activity for the two fiscal quarters ended June 29, 2013:

	Number of shares			Weighted- average exercise price			Weighted-average remaining contractual terms (years)		Aggregate intrinsic value (in thousands)
Outstanding, December 29, 2012	2,078,433			$26.14
Granted	338,600			$59.47
Exercised	(605,350	)		$18.52
Forfeited	(27,400	)		$33.52
Expired	—			—
Outstanding, June 29, 2013	1,784,283			$34.94			7.40		$	69,817
Vested and Expected to Vest, June 29, 2013	1,719,751			$34.57			7.35		$	67,934
Exercisable, June 29, 2013	871,319			$25.04			6.11		$	42,718

Assumptions used for grants and summary of stock options and restricted stock activity

The table below presents the assumptions used to calculate the fair value of options granted:

	Two fiscal quarters ended
	June 29, 2013				June 30, 2012
Expected volatility	33.17		%		34.82		%
Risk-free interest rate	1.12		%		1.38		%
Expected term (years)	6.0				5.9
Dividend yield	—		%		—		%
Weighted average fair value of options granted	$	20.15			$	15.11

Summary of restricted stock award activity

The following table summarizes activity related to all restricted stock awards during the two fiscal quarters ended June 29, 2013:

	Restricted stock awards			Weighted-average grant-date fair value
Outstanding, December 29, 2012	766,929			$	33.97
Granted	313,773			$	59.76
Vested	(213,152	)		$	31.36
Forfeited	(13,575	)		$	33.57
Outstanding, June 29, 2013	853,975			$	44.10

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- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ 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 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.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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