Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.0.8
Share-Based Compensation (Tables)
3 Months Ended
Mar. 29, 2014
Share-based Compensation [Abstract]  
Fair value assumptions for performance awards
The fair values of the senior executives' performance share award grants with a TSR modifier at the grant date in 2014 and 2013 were $41.38 and $35.93, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
 
2014
 
2013
Risk-free interest rate
0.6
%
 
0.4
%
Dividend yield (A)

 
0.1
%
Volatility factor
43.7
%
 
53.0
%
Expected life of award
2.9 years

 
2.9 years



(A) In 2014, the Company used an assumption of dividend reinvestment to value performance share grants.