Annual report pursuant to Section 13 and 15(d)

Equity-Based Compensation (Tables)

v2.4.0.6
Equity-Based Compensation (Tables)
12 Months Ended
Dec. 29, 2012
Equity-Based Compensation [Abstract]  
Schedule Of Remaining Unrecognized Compensation Expense For Unvested Awards
2013 $ 7,637
2014   5,682
2015   3,775
2016   1,735
2017   802
  $ 19,631
Schedule Of Fair Value Assumptions
          Year Ended        
    2010     2011     2012  
 
Expected volatility (1)   54.9 %   56.0 %   50.7 %
Risk-free interest rate (2)   1.7 %   1.1 %   0.6 %
Expected life (3)   4.2 yrs.   3.9 yrs.   3.9 yrs.
Expected dividend yield (4)   0.0 %   0.0 %   0.0 %
Weighted-average grant price (5) $ 38.28   $ 28.89   $ 39.41  

 

(1) Through June, 2012 expected volatility was a weighted-average of historical volatility and implied volatility. In July 2012, the Company eliminated the implied volatility aspect of this calculation and began utilizing historical volatility alone due to the lack of sufficient compliant option trading volume.

(2) Risk-free interest rate is based on the U.S. Treasury yield curve with respect to the expected life of the award.

(3) For awards that follow the 20% per year vesting schedule, expected life is a weighted-average that includes historical settlement data of the Company's equity awards and a hypothetical holding period for outstanding awards. Due to lack of historical settlement data on awards that follow the 50% vesting at each of years four and five, expected life of these awards is calculated under the simplified method.

(4) The Company historically has not paid dividends.

(5) Grant price is the closing price of the Company's common stock on the date of grant.

Schedule Of Stock Option Activity
        Weighted- Weighted-average   Aggregate
        average grant remaining   intrinsic
  Shares     price contractual term   value*
Outstanding at December 31, 2011 3,808   $ 32.12 2.9 $ 8,603
Granted 387     39.41      
Exercised (1,397 )   29.16      
Canceled (65 )   29.95      
Expired (44 )   51.39      
 
Outstanding at December 29, 2012 2,689   $ 34.43 2.9 $ 5,136
 
Exercisable at December 29, 2012 774   $ 36.10 2.4 $ 1,275

 

* Aggregate intrinsic value is defined as the difference between the current market value at the reporting date (the closing price of the Company's common stock on the last trading day of the period) and the exercise price of awards that were in-the-money. The closing price of the Company's common stock at December 31, 2011 and December 29, 2012, was $30.37 and $31.60, respectively.

Schedule Of Deferred Stock Unit Activity
        Weighted-
        average fair
  Shares     value
Nonvested at December 31, 2011 49   $ 44.29
Granted -     -
Vested (49 )   44.29
Canceled        
Expired -     -
Nonvested at December 29, 2012 -   $ -