Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.0.8
Share-Based Compensation (Tables)
9 Months Ended
Sep. 28, 2013
Share-based Compensation [Abstract]  
Weighted average assumptions used to estimate fair value
The Company estimated the fair value of the grant on the date of grant using the Black-Scholes-Merton pricing model, utilizing the following weighted average assumptions for 2012:
 
2012
Risk-free interest rate
1.1
%
Dividend yield
0.2
%
Volatility factor (A)
58.3
%
Weighted average expected life
5.2 - 6.7 years



(A) The Company uses a combination of implied and historical volatility in calculating the fair value of each grant.
Fair value assumptions for performance awards
The fair values of the senior executives' performance awards with a TSR modifier at the grant date in 2013 and 2012 were $35.93 and $26.81, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
 
2013
 
2012
Risk-free interest rate
0.4
%
 
0.4
%
Dividend yield
0.1
%
 
0.2
%
Volatility factor
53.0
%
 
67.9
%
Expected life of award
2.9 years

 
2.9 years