Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.0.8
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 29, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock-Based Compensation Activity
A summary of stock-based compensation activity and changes for the year ended December 29, 2013 are as follows:
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(Year)
 
Aggregate
Intrinsic
Value
Outstanding and expected to vest as of December 30, 2012
1,052,861

 
$
5.28

 
 
 
 
Granted
147,892

 
29.08

 
 
 
 
Exercised
(467,256
)
 
3.08

 
 
 
 
Forfeited
(3,623
)
 
17.36

 
 
 
 
Outstanding and expected to vest as of December 29, 2013
729,874

 
$
11.45

 
5.71
 
$
18,384

Exercisable as of December 29, 2013
447,217

 
$
5.51

 
4.16
 
$
13,919

Weighted Average Assumptions
The weighted-average grant date fair value of options granted was $11.05, $6.07 and $5.71 per share, during the years ended December 29, 2013, December 30, 2012 and December 25, 2011, respectively, as estimated at the date of grant using the Black-Scholes pricing model with the following weighted-average assumptions: 
 
2013
 
2012
 
2011
Dividend yield
%
 
%
 
%
Expected volatility
43
%
 
44
%
 
44
%
Risk-free rate of return
0.80
%
 
0.68
%
 
3.36
%
Expected life (in years)
5

 
5

 
7.5