Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

v2.4.1.9
Equity-Based Compensation (Tables)
3 Months Ended
Apr. 04, 2015
Equity-Based Compensation [Abstract]  
Schedule Of Remaining Unrecognized Compensation Expense For Unvested Awards

 

 

 

 

 

 

2015

 

$          5,664

2016

 

6,771 

2017

 

4,484 

2018

 

1,561 

2019+

 

510 

 

 

$        18,990

 

 

 

The cost above is expected to be recognized over a weighted-average period of 1.9 years.

 

 

 

 

 

 

Schedule Of Fair Value Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

March 29,

 

April 4,

 

 

 

2014

 

2015

 

 

 

 

 

 

 

Expected volatility (1)

 

39.9% 

 

40.4% 

 

Risk-free interest rate (2)

 

1.2% 

 

1.1% 

 

Expected life (3)

 

3.54 yrs.

 

3.30 yrs.

 

Expected dividend yield (4)

 

0.0% 

 

0.0% 

 

Weighted-average exercise price (5)

 

$
57.62 

 

$
102.10 

 

 

 

 

 

 

 

(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 January 3, 2015

 

1,555 

 

$          49.20

 

2.9 

 

$        82,564

 

Granted

 

110 

 

102.10 

 

 

 

 

 

Exercised

 

(55)

 

41.60 

 

 

 

 

 

Forfeited

 

(19)

 

43.83 

 

 

 

 

 

Expired

 

 -

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at April 4, 2015

 

1,591 

 

$          53.18

 

2.7 

 

$        97,095

 

 

 

 

 

 

 

 

 

 

 

Exercisable at April 4, 2015

 

66 

 

$          39.25

 

2.3 

 

$          4,954