v2.4.0.6
Stock Options Plans and Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activities relating to restricted stock awards
                 
    Number of
Shares Underlying
Restricted Stock
    Weighted Average
Grant Date Fair
Value
 

Outstanding at December 27, 2008

    168,716     $ 15.60  

Granted

    183,139       9.94  

Vested

    (46,162     15.09  

Forfeited

    (4,469     16.23  
   

 

 

   

 

 

 

Outstanding at January 2, 2010

    301,224     $ 12.23  

Granted

    382,564       16.84  

Vested

    (98,015     13.18  

Forfeited

    (15,696     13.17  
   

 

 

   

 

 

 

Outstanding at January 1, 2011

    570,077     $ 15.14  

Granted

    282,744       32.08  

Vested

    (168,041     15.31  

Forfeited

    (77,275     16.73  
   

 

 

   

 

 

 

Outstanding at December 31, 2011

    607,505     $ 22.77  
   

 

 

   

 

 

 
Fair value of each option grant computed on the grant date
             
    Fiscal Year Ended
December 31,
2011
  Fiscal Year Ended
January 1,
2011
  Fiscal Year Ended
January 2,
2010

Risk-free interest rate

  0.83% — 2.24%   1.27% — 2.28%   1.45% — 2.50%

Expected dividend yield

     

Expected life

  4.11 — 4.31 years   4.00 — 4.75 years   3.50 — 4.75 years

Expected volatility

  61.0% — 63.0%   57.0% — 62.0%   55.0% — 56.5%
Summary of stock option plan activity
                                 
    Number of
Shares
    Weighted Average
Exercise Price
    Weighted  Average
Remaining
Contractual Term
    Aggregate
Intrinsic
Value(1)
 

Outstanding at December 27, 2008

    3,523,931     $ 13.24                  

Granted

    941,406       11.09                  

Exercised

    (243,791     3.02                  

Canceled

    (824,918     19.89                  
   

 

 

   

 

 

                 

Outstanding at January 2, 2010

    3,396,628     $ 11.77                  

Granted

    1,058,323       16.65                  

Exercised

    (667,348     9.87                  

Canceled

    (130,568     15.21                  
   

 

 

   

 

 

                 

Outstanding at January 1, 2011

    3,657,035     $ 13.40                  

Granted

    349,650       33.27                  

Exercised

    (1,232,721     10.87                  

Canceled

    (212,672     15.37                  
   

 

 

   

 

 

                 

Outstanding at December 31, 2011

    2,561,292     $ 17.17       4.36 years     $ 33.6 million  
   

 

 

   

 

 

                 

Vested and expected to vest at
December 31, 2011

    2,454,904     $ 16.94       4.31 years     $ 32.7 million  

Exercisable as of December 31, 2011

    1,397,605     $ 14.51       3.56 years     $ 21.4 million  

Weighted average fair value of options granted during the fiscal year ended December 31, 2011

          $ 16.55                  

Options available for future grant at December 31, 2011

    2,695,397                          

 

 

  (1) The aggregate intrinsic value on the table was calculated based upon the positive difference between the closing market value of the Company’s stock on December 31, 2011 of $29.85 and the exercise price of the underlying option.
Summary of information about stock options outstanding
                                     

Range of Exercise Prices

  Number
Outstanding
    Options Outstanding
Weighted Average
Remaining
Contractual Life
  Weighted  Average
Exercise Price
    Options Exercisable  
        Number
Exercisable
    Weighted Average
Exercise Price
 

    $  0.55 –  $  7.76

    350,786     3.07 years    $ 5.40       295,500     $ 4.96  

        8.10 –  13.46

    278,793     3.79                 11.54       149,955       12.41  

      13.74 –  14.13

    203,331     3.51                 14.07       147,630       14.06  

      14.52 –  14.52

    509,475     5.20                 14.52       147,242       14.52  

      14.54 –  17.60

    258,210     2.67                 16.21       243,993       16.19  

      17.70 –  18.74

    266,045     5.07                 18.20       146,458       18.08  

      19.85 –  24.53

    346,397     4.40                 23.27       255,272       22.82  

      24.88 –  29.85

    32,555     4.90                 28.47       11,555       27.19  

      33.48 –  33.48

    308,200     6.19                 33.48             0.00  

      35.96 –  35.96

    7,500     6.50                 35.96             0.00  
   

 

 

   

 

 

 

 

   

 

 

   

 

 

 

     $ 0.55 –  $35.96

    2,561,292     4.36 years    $ 17.17       1,397,605     $ 14.51  
   

 

 

   

 

 

 

 

   

 

 

   

 

 

 
Activities relating to restricted stock units
                 
    Number of
Shares Underlying
Restricted Stock
    Weighted Average
Grant Date Fair
Value
 

Outstanding at December 27, 2008

    168,716     $ 15.60  

Granted

    183,139       9.94  

Vested

    (46,162     15.09  

Forfeited

    (4,469     16.23  
   

 

 

   

 

 

 

Outstanding at January 2, 2010

    301,224     $ 12.23  

Granted

    382,564       16.84  

Vested

    (98,015     13.18  

Forfeited

    (15,696     13.17  
   

 

 

   

 

 

 

Outstanding at January 1, 2011

    570,077     $ 15.14  

Granted

    282,744       32.08  

Vested

    (168,041     15.31  

Forfeited

    (77,275     16.73  
   

 

 

   

 

 

 

Outstanding at December 31, 2011

    607,505     $ 22.77  
   

 

 

   

 

 

 
Restricted Stock [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activities relating to restricted stock awards
                 
    Number of
Shares Underlying
Restricted Stock
    Weighted Average
Grant Date Fair
Value
 

Outstanding at December 27, 2008

    16,746     $ 16.03  

Granted

           

Vested

    (5,582     16.03  

Forfeited

           
   

 

 

   

 

 

 

Outstanding at January 2, 2010

    11,164     $ 16.03  

Granted

           

Vested

    (5,582     16.03  

Forfeited

           
   

 

 

   

 

 

 

Outstanding at January 1, 2011

    5,582     $ 16.03  

Granted

           

Vested

    (5,582     16.03  

Forfeited

           
   

 

 

   

 

 

 

Outstanding at December 31, 2011

        $  
   

 

 

   

 

 

 
Activities relating to restricted stock units
                 
    Number of
Shares Underlying
Restricted Stock
    Weighted Average
Grant Date Fair
Value
 

Outstanding at December 27, 2008

    16,746     $ 16.03  

Granted

           

Vested

    (5,582     16.03  

Forfeited

           
   

 

 

   

 

 

 

Outstanding at January 2, 2010

    11,164     $ 16.03  

Granted

           

Vested

    (5,582     16.03  

Forfeited

           
   

 

 

   

 

 

 

Outstanding at January 1, 2011

    5,582     $ 16.03  

Granted

           

Vested

    (5,582     16.03  

Forfeited

           
   

 

 

   

 

 

 

Outstanding at December 31, 2011

        $