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INCENTIVE PLANS AND STOCK-BASED COMPENSATION (Details 2) (Stock Options [Member])
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9 Months Ended | |
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Aug. 27, 2011
years
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Mar. 23, 2009
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Stock Options [Member]
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 3,800,000 | |
| Number of years which shares can be granted under the Plan | 10 | |
| Incentive Plan End Date | December 2019 | |
| Share-based Compensation Arrangement by Share-based Payment Award, Policy for Issuing Shares upon Exercise | Upon share option exercise or restricted stock unit award conversion, the Company issues new shares unless treasury shares are available | |
| Share-based Compensation Arrangement by Share-based Payment Award, Description | Nonqualified stock options are granted at exercise prices equal to the market price of CLARCOR common stock at the date of grant, which is the date the Company’s Board of Directors approves the grant and the participants receive it. The Company’s Board of Directors determines the vesting requirements for stock options at the time of grant and may accelerate vesting | |
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | vest 25% per year beginning at the end of the first year; therefore, they become fully exercisable at the end of four years | |
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 | |
| Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award | Vesting may be accelerated in the event of retirement, disability or death of a participant or change in control of the Company. Options granted to non-employee directors vest immediately | |
| Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date | 10 |
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- Definition
Incentive Plan End Date
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- Definition
Number of years which shares can be granted under the Plan
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- Definition
The date when the equity-based award expires as specified in the award agreement, which may be presented in a variety of ways (for example, year, month and year, day, month and year, quarter of a year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of the period of time over which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, which may be expressed in a variety of ways (for example, in years, month and year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of award terms as to how many shares or portion of an award are no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell the shares, and be entitled to the cash proceeds of such sale. For example, vesting may be expressed as being 25 percent of the shares under option on each anniversary of the grant date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
General descriptive information regarding an arrangement under which employees and directors receive: (a) awards of equity shares, equity share options, or other equity instruments; or (b) the entity incurs liabilities to them: (1) in amounts based, at least in part, on the price of the entity's shares or other equity instruments; or (2) that require or may require settlement by issuance of the entity's shares. Such an arrangement is usually provided to employees and directors to compensate them, provide performance incentives to them, and to attract or retain their services. May also include pertinent information particular to a plan that is not elsewhere specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
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- Definition
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The policy, if any, for issuing shares (or other type of equity) upon exercise or conversion of equity-based awards into shares of stock or units, including the source of those shares or units (that is, new share, new unit, treasury shares or treasury units). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of pertinent provisions of equity-based compensation awards that have actual or potential impact upon the company's financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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