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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(in thousands, except per share data)
94
Note 16 – Employee Benefit Plans – (Continued)
A summary of the stock option activity under the Plans is presented below:
Years Ended
December 27, December 28, December 29,
2014 2013 2012
Weighted Weighted Weighted
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding at beginning of year ..........
.
1,323 $ 51.53 2,138 $ 48.61 4,059 $ 44.53
Granted ..................................................
.
- - - - - -
Exercised ...............................................
.
(639) 49.51 (815) 43.86 (1,890) 40.06
Forfeited ................................................
.
- - - - (31) 36.02
Outstanding at end of year ....................
.
684 $ 53.41 1,323 $ 51.53 2,138 $ 48.61
Options exercisable at end of year ........
.
684 $ 53.41 1,323 $ 51.53 2,137 $ 48.62
During the years ended December 27, 2014, December 28, 2013 and December 29, 2012, we did not grant any
stock options.
The following table represents the intrinsic values of:
As of
December 27, December 28, December 29,
2014 2013   2012
Stock options outstanding ................................................................ $ 57,421 $ 83,252 $67,044
Stock options exercisable ................................................................. 57,421 83,252 66,964
The total cash received as a result of stock option exercises for the years ended December 27, 2014, December
28, 2013 and December 29, 2012 was approximately $31.5 million, $35.6 million and $72.5 million. In connection
with these exercises, the tax benefits that we realized for the years ended December 27, 2014, December 28, 2013
and December 29, 2012 were $11.2 million, $18.4 million and $31.6 million. We settle employee stock option
exercises with newly issued common shares.