Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.3.0.814
Stock-based Compensation (Tables)
9 Months Ended
Oct. 03, 2015
Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted

The grant date fair value of each option award is calculated using a lattice option-pricing valuation model, which incorporates a range of assumptions for inputs as follows:

 

     Options Granted
Three Months Ended
September 2015
   Options Granted
Three Months Ended
March 2015

Expected volatility

   19% to 29%    20% to 29%

Weighted average expected volatility

   21%    22%

Expected term (in years)

   6.0 to 7.0    5.9 to 7.5

Dividend yield

   1.8%    2.0%

Risk-free interest rate

   0.1% to 2.3%    0.1% to 2.1%

Fair value at date of grant

   $14.21    $13.71