Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

v2.4.0.8
Equity-Based Compensation (Tables)
9 Months Ended
Sep. 27, 2014
Equity-Based Compensation [Abstract]  
Schedule Of Remaining Unrecognized Compensation Expense For Unvested Awards

 

 

 

 

 

 

2014

 

$          2,388

2015

 

7,388 

2016

 

5,622 

2017

 

3,516 

2018+

 

724 

 

 

$        19,638

 

 

 

The cost above is expected to be recognized over a weighted-average

 

 

period of 2.0 years.

 

 

 

Schedule Of Fair Value Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 28,

 

September 27,

 

 

2013

 

2014

 

 

 

 

 

Expected volatility (1)

 

42.5% 

 

40.0% 

Risk-free interest rate (2)

 

0.7% 

 

1.2% 

Expected life (3)

 

3.95 yrs

 

3.55 yrs

Expected dividend yield (4)

 

0.0% 

 

0.0% 

Weighted-average exercise price (5)

 

$
48.26 

 

$
58.04 

 

 

 

 

 

(1) The Company utilizes historical volatility of the trading price of its common stock.

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

the award.

 

 

 

 

(3) Depending upon the terms of the award, one of two methods will be used to calculate expected life: (i)

a weighted-average that includes historical settlement data of the Company’s equity awards and a

hypothetical holding period, or (ii) the simplified method.

(4) The Company historically has not paid dividends.

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

 

 

 

 

 

 

 

 

Schedule Of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

Weighted-average exercise price

 

Weighted-average remaining contractual term

 

Aggregate intrinsic value*

 

Outstanding at December 28, 2013

 

1,827 

 

$          37.37

 

2.6 

 

$        74,160

 

Granted

 

711 

 

58.04 

 

 

 

 

 

Exercised

 

(434)

 

32.33 

 

 

 

 

 

Forfeited

 

(48)

 

37.25 

 

 

 

 

 

Expired

 

 -

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 27, 2014

 

2,056 

 

$          45.58

 

2.7 

 

$        54,978

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 27, 2014

 

526 

 

$          38.37

 

1.4 

 

$        17,743

 

 

 

 

 

 

 

 

 

 

 

* 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 28, 2013, and September 27, 2014, was $77.72 and $71.98, respectively.