Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

v3.2.0.727
Equity-Based Compensation (Tables)
6 Months Ended
Jul. 04, 2015
Equity-Based Compensation [Abstract]  
Schedule Of Remaining Unrecognized Compensation Expense For Unvested Awards

 

 

 

 

 

 

2015

 

$          3,919

2016

 

7,214 

2017

 

4,843 

2018

 

1,756 

2019+

 

582 

 

 

$        18,314

 

 

 

The cost above is expected to be recognized over a weighted-average period of 1.8 years.

 

 

 

 

 

 

Schedule Of Fair Value Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

June 28,

 

July 4,

 

 

 

2014

 

2015

 

 

 

 

 

 

 

Expected volatility (1)

 

39.9% 

 

40.6% 

 

Risk-free interest rate (2)

 

1.2% 

 

1.1% 

 

Expected life (3)

 

3.54 yrs.

 

3.33 yrs.

 

Expected dividend yield (4)

 

0.0% 

 

0.0% 

 

Weighted-average exercise price (5)

 

$
57.62 

 

$
105.27 

 

 

 

 

 

 

 

(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 and currently has no plan to pay 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

 

130 

 

105.27 

 

 

 

 

 

Exercised

 

(250)

 

37.26 

 

 

 

 

 

Forfeited

 

(18)

 

43.83 

 

 

 

 

 

Expired

 

 -

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 4, 2015

 

1,417 

 

$          56.52

 

2.8 

 

$      120,766

 

 

 

 

 

 

 

 

 

 

 

Exercisable at July 4, 2015

 

58 

 

$          39.33

 

1.9 

 

$          5,902