6. STOCKHOLDERS’ EQUITY AND BENEFIT PLANS

Common Stock Repurchase Programs. Purchases of the Company’s common stock are made from time to time pursuant to its repurchase programs, 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 or other purposes. The Company may terminate or limit its 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 repurchase programs are conducted pursuant to Rule 10b-18 of the Exchange Act.

During the Year To Date Period, the Company effectively retired 2.2 million shares of common stock repurchased under its repurchase programs. The effective retirement of repurchased common stock decreased common stock by $22,300, additional paid-in capital by $4.5 million, retained earnings by $221.2 million and treasury stock by $225.8 million. At December 29, 2012 and June 29, 2013, all treasury stock had been effectively retired.

The following table reflects the Company’s common stock repurchase activity for the periods indicated (in millions):

				For the 13 Weeks Ended June 29, 2013			For the 26 Weeks Ended June 29, 2013
Fiscal Year Authorized	Dollar Value Authorized		Termination Date	Number of Shares Repurchased	Dollar Value Repurchased		Number of Shares Repurchased	Dollar Value Repurchased
2012	$	1,000.0	December 2016	1.7	$	169.2	1.8	$	187.2
2010	$	30.0	None	0.0	$	0.0	0.0	$	0.0
2010	$	750.0	December 2013 (1)	0.0	$	0.0	0.4	$	38.6

(1) In the first quarter of fiscal year 2013, the Company completed this repurchase plan.

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. Grants under the Company’s stock-based compensation plans generally include: (i) stock options and restricted stock for its international employees, (ii) restricted stock units for its non-employee directors and (iii) 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 2012 Form 10-K.

The following table summarizes stock options and stock appreciation rights activity during the Second Quarter:

Stock Options and Stock Appreciation Rights	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
	in thousands					in thousands
Outstanding at March 30, 2013	958		$	67.97	6.4	$	35,658
Granted	5		95.91
Exercised	(120	)	35.60			8,544
Forfeited or expired	(20	)	96.38
Outstanding at June 29, 2013	823		72.14		6.3	31,815
Exercisable at June 29, 2013	499		$	55.30	5.6	$	26,124

The aggregate intrinsic value shown in the table above is before income taxes and is based on (i) the exercise price for outstanding and exercisable options/rights at June 29, 2013 and (ii) the fair market value of the Company’s common stock on the exercise date for options/rights that were 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 June 29, 2013:

	Stock Options Outstanding			Stock Options Exercisable
			Weighted-
		Weighted-	Average		Weighted-
		Average	Remaining		Average
	Number of	Exercise	Contractual	Number of	Exercise
Range of Exercise Prices	Shares	Price	Term (Years)	Shares	Price
	in thousands			in thousands
$13.65 - $21.51	97	$ 15.31	4.9	75	$ 15.81
$21.51 - $34.59	101	28.40	3.2	101	28.40
$34.59 - $67.10	92	39.57	6.2	92	39.57
$67.10 - $106.40	138	81.19	7.8	80	81.05
$106.40 - $131.46	194	128.06	8.5	67	128.06
Total	622	$ 70.77	6.6	415	$ 54.92

	Stock Appreciation Rights Outstanding				Stock Appreciation Rights Exercisable
				Weighted-
		Weighted-		Average		Weighted-
		Average		Remaining		Average
	Number of	Exercise		Contractual	Number of	Exercise
Range of Exercise Prices	Shares	Price		Term (Years)	Shares	Price
	in thousands				in thousands
$13.65 - $21.51	28	$	13.65	3.7	12	$	13.65
$21.51 - $34.59	21	29.13		2.6	20	29.47
$34.59 - $67.10	27	40.96		4.9	23	38.25
$67.10 - $106.40	77	92.41		6.9	12	81.23
$106.40 - $131.46	48	127.90		6.4	17	127.89
Total	201	$	76.40	5.6	84	$	57.22

Restricted Stock and Restricted Stock Units. The following table summarizes restricted stock and restricted stock unit activity during the Second Quarter:

			Weighted-Average
Restricted Stock and Restricted Stock Units	Number of Shares		Grant-Date Fair Value
	in thousands
Nonvested at March 30, 2013	235		$	94.09
Granted	14		103.55
Vested	(20	)	76.75
Forfeited	(8	)	88.46
Nonvested at June 29, 2013	221		$	96.47

The total fair value of restricted stock and restricted stock units vested during the Second Quarter was approximately $2.1 million.

Accumulated Other Comprehensive Income. The following table illustrates changes in the balances of each component of accumulated other comprehensive income, net of taxes (in thousands):

	For the 13 Weeks Ended June 29, 2013
	Currency
	Translation		Securities Available
	Adjustments		for Sale			Forward Contracts		Total
Beginning balance	$	10,344	$	(546	)	$	2,445	$	12,243
Other comprehensive income (loss) before reclassifications, net of tax expense of $332	2,984		(12		)	2,442		5,414

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $505	0		0			843		843

Total other comprehensive income (loss)	2,984		(12		)	1,599		4,571

Ending balance	$	13,328	$	(558	)	$	4,044	$	16,814

	For the 13 Weeks Ended June 30, 2012
	Currency
	Translation			Securities Available
	Adjustments			for Sale			Forward Contracts		Total
Beginning balance	$	29,024		$	(396	)	$	2,324	$	30,952
Other comprehensive (loss) income before reclassifications, net of tax expense of $3,063	(15,681		)	(21		)	3,708		(11,994		)

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $721	0			0			1,451		1,451

Total other comprehensive (loss) income	(15,681		)	(21		)	2,257		(13,445		)

Ending balance	$	13,343		$	(417	)	$	4,581	$	17,507

	For the 26 Weeks Ended June 29, 2013
	Currency
	Translation			Securities Available
	Adjustments			for Sale			Forward Contracts			Total
Beginning balance	$	30,181		$	(475	)	$	(946	)	$	28,760
Other comprehensive (loss) income before reclassifications, net of tax expense of $3,806	(16,853		)	(83		)	5,788			(11,148		)

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $592	0			0			798			798

Total other comprehensive (loss) income	(16,853		)	(83		)	4,990			(11,946		)

Ending balance	$	13,328		$	(558	)	$	4,044		$	16,814

	For the 26 Weeks Ended June 30, 2012
	Currency
	Translation			Securities Available
	Adjustments			for Sale			Forward Contracts		Total
Beginning balance	$	18,953		$	(446	)	$	3,673	$	22,180
Other comprehensive (loss) income before reclassifications, net of tax expense of $1,982	(5,610		)	29			3,211		(2,370		)

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $1,165	0			0			2,303		2,303

Total other comprehensive (loss) income	(5,610		)	29			908		(4,673		)

Ending balance	$	13,343		$	(417	)	$	4,581	$	17,507