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EMPLOYEE BENEFIT PLANS
9 Months Ended
Oct. 04, 2014
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

7. EMPLOYEE BENEFIT PLANS

 

Stock-Based Compensation Plans. The following table summarizes stock options and stock appreciation rights activity during the Year To Date Period:

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

Aggregate

 

 

 

 

 

Average

 

Contractual

 

Intrinsic

 

Stock Options and Stock Appreciation Rights

 

Shares

 

Exercise Price

 

Term (Years)

 

Value

 

 

 

in thousands

 

 

 

 

 

in thousands

 

Outstanding at December 28, 2013

 

678

 

$

76.15

 

6.2

 

$

31,794

 

Granted

 

94

 

111.90

 

 

 

 

 

Exercised

 

(49

)

42.91

 

 

 

3,318

 

Forfeited or expired

 

(14

)

120.38

 

 

 

 

 

Outstanding at October 4, 2014

 

709

 

82.34

 

5.7

 

18,541

 

Exercisable at October 4, 2014

 

516

 

$

70.42

 

5.2

 

$

18,316

 

 

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 October 4, 2014 and (ii) the fair market value of the Company’s common stock on the exercise date for options/rights that were exercised during the Year To Date Period.

 

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 October 4, 2014:

 

Stock Options Outstanding

 

Stock Options Exercisable

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

Weighted-

 

 

 

 

 

Average

 

Remaining

 

 

 

Average

 

Range of

 

Number of

 

Exercise

 

Contractual

 

Number of

 

Exercise

 

Exercise Prices

 

Shares

 

Price

 

Term (Years)

 

Shares

 

Price

 

 

 

in thousands

 

 

 

 

 

in thousands

 

 

 

$13.65 - $21.51

 

70

 

$

15.37

 

3.7

 

70

 

$

15.37

 

$21.55 - $34.59

 

57

 

29.47

 

2.4

 

57

 

29.47

 

$35.78 - $67.10

 

72

 

39.90

 

4.8

 

72

 

39.90

 

$69.53 - $106.40

 

101

 

80.88

 

6.5

 

97

 

80.75

 

$106.89 - $131.46

 

169

 

128.10

 

7.4

 

116

 

128.10

 

Total

 

469

 

$

75.64

 

5.6

 

412

 

$

68.78

 

 

Stock Appreciation Rights Outstanding

 

Stock Appreciation Rights Exercisable

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

Weighted-

 

 

 

 

 

Average

 

Remaining

 

 

 

Average

 

Range of

 

Number of

 

Exercise

 

Contractual

 

Number of

 

Exercise

 

Exercise Prices

 

Shares

 

Price

 

Term (Years)

 

Shares

 

Price

 

 

 

in thousands

 

 

 

 

 

in thousands

 

 

 

$13.65 - $21.51

 

19

 

$

13.65

 

2.5

 

19

 

$

13.65

 

$21.55 - $34.59

 

6

 

30.71

 

1.5

 

6

 

30.71

 

$35.78 - $67.10

 

14

 

43.64

 

3.9

 

13

 

42.40

 

$69.53 - $106.40

 

72

 

93.54

 

5.9

 

36

 

87.88

 

$106.89 - $131.46

 

128

 

117.46

 

6.8

 

30

 

127.16

 

Total

 

239

 

$

95.47

 

5.9

 

104

 

$

76.88

 

 

Restricted Stock and Restricted Stock Units. The following table summarizes restricted stock and restricted stock unit activity during the Year To Date Period:

 

Restricted Stock and Restricted Stock Units

 

Number of Shares

 

Weighted-Average
Grant Date Fair
Value

 

 

 

in thousands

 

 

 

Nonvested at December 28, 2013

 

219

 

$

99.27

 

Granted

 

159

 

111.35

 

Vested

 

(110

)

90.73

 

Forfeited

 

(12

)

108.14

 

Nonvested at October 4, 2014

 

256

 

$

110.04

 

 

The total fair value of restricted stock and restricted stock units vested during the Year To Date Period was approximately $12.2 million.