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Stockholders' Equity and Benefit Plans | 6 Months Ended
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Jul. 02, 2011
Stockholders' Equity and Benefit Plans |
Stockholders' Equity and Benefit Plans | 4. STOCKHOLDERS' EQUITY AND BENEFIT PLANS Common Stock Repurchase Programs. Purchases of the Company's common stock are made from time to time, subject to market conditions and at prevailing market prices, through the open market. Repurchased shares of common stock are recorded at cost and become authorized but unissued shares which may be issued in the future for general corporate and other purposes. The Company may terminate or limit the stock repurchase program at any time. In the event the repurchased shares are cancelled, the Company accounts for retirements by allocating the repurchase price to common stock, additional paid-in capital and retained earnings. The repurchase price allocation is based upon the equity contribution associated with historical issuances. The Company's repurchase programs are conducted pursuant to Rule 10b-18 of the Exchange Act. The following table reflects the Company's common stock repurchase activity for the periods indicated (in millions).
|  |  |  |  |  |  | For the 13 Weeks Ended July 2, 2011 |  |  | For the 26 Weeks Ended July 2, 2011 |  |  | For the 2010 Fiscal Year |
Period authorized |  | Dollar value authorized |  |  | Termination date |  | Number of shares repurchased |  |  | Dollar value repurchased |  |  | Number of shares repurchased |  |  | Dollar value repurchased |  |  | Number of shares repurchased |  |  | Dollar value repurchased |
Fiscal Year 2010 |  | $ | 30.0 |  |  | None |  |  | 0.0 |  |  | $ | 0.0 |  |  |  | 0.0 |  |  | $ | 0.0 |  |  |  | 0.0 |  |  | $ | 0.0 |
Fiscal Year 2010 |  | $ | 750.0 |  |  | December 2013 |  |  | 0.6 |  |  | $ | 60.9 |  |  |  | 1.9 |  |  | $ | 155.4 |  |  |  | 3.1 |  |  | $ | 179.2 |
Fiscal Year 2009 |  | $ | 20.0 |  |  | None |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.5 |  |  | $ | 20.0 |
Stock-Based Compensation Plans. The Company accounts for stock-based compensation in accordance with the provisions of ASC 718, Compensation — Stock Compensation ("ASC 718"), using the Black-Scholes option pricing model to determine the fair value of stock options and stock appreciation rights at the date of grant. The Company's current stock-based compensation plans include: (a) stock options and restricted stock for its international employees, (b) stock options and restricted stock units for its non-employee directors and (c) stock appreciation rights, restricted stock and restricted stock units for its U.S.-based employees. There have been no significant changes to the Company's stock-based compensation plans since the Company's Annual Report on Form 10-K for the fiscal year ended January 1, 2011. The following table summarizes stock options and stock appreciation rights activity during the Second Quarter:
Stock Options and Stock Appreciation Rights |  | Shares |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
|  | IN THOUSANDS |  |  |  |  |  |  |  |  | IN THOUSANDS |
Outstanding at April 2, 2011 |  |  | 1,468 |  |  | $ | 35.41 |  |  |  | 6.4 |  |  | $ | 85,452 |
Granted |  |  | 6 |  |  |  | 93.29 |  |  |  |  |  |  |  |  |
Exercised |  |  | (230 | ) |  |  | 26.24 |  |  |  |  |  |  |  | 18,490 |
Forfeited or expired |  |  | (1 | ) |  |  | 8.84 |  |  |  |  |  |  |  |  |
Outstanding at July 2, 2011 |  |  | 1,243 |  |  |  | 37.39 |  |  |  | 6.4 |  |  |  | 105,130 |
Exercisable at July 2, 2011 |  |  | 498 |  |  |  | 24.17 |  |  |  | 4.5 |  |  |  | 48,735 |
Nonvested at July 2, 2011 |  |  | 745 |  |  |  | 46.24 |  |  |  | 7.6 |  |  |  | 56,396 |
Expected to vest |  |  | 690 |  |  | $ | 46.24 |  |  |  | 7.6 |  |  | $ | 52,321 |
The aggregate intrinsic value in the table above is before income taxes and is based on the exercise price for outstanding and exercisable stock options and stock appreciation rights at July 2, 2011 and the fair market value on the exercise date for stock options and stock appreciation rights that have been exercised during the Second Quarter. Stock Options and Stock Appreciation Rights Outstanding and Exercisable. The following table summarizes information with respect to stock options and stock appreciation rights outstanding and exercisable at July 2, 2011:
Stock Options and Stock Appreciation Rights Outstanding |  |  | Stock Options and Stock Appreciation Rights Exercisable |
Range of Exercise Prices |  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (Years) |  |  | Number of Shares |  |  | Weighted- Average Exercise Price |
|  | IN THOUSANDS |  |  |  |  |  |  |  |  | IN THOUSANDS |  |  |  |
$0 - $9.33 |  |  | 12 |  |  | $ | 9.22 |  |  |  | 0.5 |  |  |  | 12 |  |  | $ | 9.22 |
$9.33 - $18.66 |  |  | 309 |  |  |  | 14.32 |  |  |  | 5.5 |  |  |  | 158 |  |  |  | 14.77 |
$18.66 - $27.99 |  |  | 201 |  |  |  | 23.59 |  |  |  | 3.5 |  |  |  | 171 |  |  |  | 23.82 |
$27.99 - $37.31 |  |  | 223 |  |  |  | 31.09 |  |  |  | 5.7 |  |  |  | 89 |  |  |  | 30.98 |
$37.31 - $65.30 |  |  | 241 |  |  |  | 39.02 |  |  |  | 7.7 |  |  |  | 68 |  |  |  | 40.61 |
$65.30 - $74.63 |  |  | 6 |  |  |  | 69.53 |  |  |  | 9.5 |  |  |  | 0 |  |  |  | 0.00 |
$74.63 - $83.96 |  |  | 245 |  |  |  | 81.23 |  |  |  | 9.2 |  |  |  | 0 |  |  |  | 0.00 |
$83.96 - $93.29 |  |  | 6 |  |  |  | 93.29 |  |  |  | 9.8 |  |  |  | 0 |  |  |  | 0.00 |
Total |  |  | 1,243 |  |  | $ | 37.39 |  |  |  | 6.4 |  |  |  | 498 |  |  | $ | 24.17 |
Restricted Stock and Restricted Stock Units. The following table summarizes restricted stock and restricted stock unit activity during the Second Quarter:
Restricted Stock and Restricted Stock Units |  | Number of Shares |  |  | Weighted- Average Grant-Date Fair Value |
|  | IN THOUSANDS |  |  |  |
Nonvested at April 2, 2011 |  |  | 383 |  |  | $ | 40.94 |
Granted |  |  | 10 |  |  |  | 99.69 |
Vested |  |  | (30 | ) |  |  | 36.18 |
Forfeited |  |  | (3 | ) |  |  | 35.27 |
Nonvested at July 2, 2011 |  |  | 360 |  |  |  | 43.00 |
Expected to vest |  |  | 324 |  |  | $ | 43.00 |
The total fair value of restricted stock and restricted stock units vested during the Second Quarter was approximately $3.0 million.

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- Definition Description of share repurchase programs authorized by an entity's Board of Directors, also including the allocation of amounts paid to purchase treasury stock. Disclosure is also included 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. + Details
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- Definition Stockholders' Equity and Benefit Plans [Abstract] + Details
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