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SYSCO CORPORATION-Form10-K 75
PARTII
ITEM8Financial Statements and Supplementary Data
Summary of Nonvested Awards
The following summary presents information regarding outstanding nonvested awards as of June29,2013 and changes during the  scal year then ended
with regard to these awards under all stock incentive plans. Award types represented include: restricted stock units granted to employees and restricted
awards granted to non-employee directors.
Shares
Weighted
Average Grant
Date Fair Value
Per Share
Nonvested as of June30,2012 2,213,371 $ 27.61
Granted 1,771,096 29.75
Vested (986,354) 27.64
Forfeited (64,306) 27.39
NONVESTED AS OF JUNE29,2013 2,933,807 $ 28.90
Employees’ Stock Purchase Plan
Sysco has an Employees’ Stock Purchase Plan that permits employees to invest in Sysco common stock by means of periodic payroll deductions at
a discount of 15% from the closing price on the last business day of each calendar quarter. In November2010, the Employees’ Stock Purchase Plan
was amended to reserve an additional 5,000,000shares of Sysco common stock for issuance under the plan. Including the additional 5,000,000shares
reserved in  scal 2011, the total number ofshares which may be sold pursuant to the plan may not exceed 79,000,000shares, of which 3,770,467
remained available as of June29,2013.
During  scal 2013, 1,470,271shares of Sysco common stock were purchased by the participants as compared to 1,661,758shares purchased in  scal
2012 and 1,655,100shares purchased in  scal 2011. The weighted average fair value of employee stock purchase rights issued pursuant to the Employees’
Stock Purchase Plan was $4.78, $4.33 and $4.28 per share during  scal 2013,2012 and 2011, respectively. The fair value of the stock purchase rights
was calculated as the difference between the stock price at date of issuance and the employee purchase price.
All Share-Based Payment Arrangements
The total share-based compensation cost that has been recognized in results of operations was $70.1million, $70.3million and $59.2million for  scal
2013,2012 and 2011, respectively, and is included within operating expenses in the consolidated results of operations. The total income tax bene t
recognized in results of operations for share-based compensation arrangements was $29.9million, $21.7million and $18.2million for  scal 2013,2012
and 2011, respectively.
As of June29,2013, there was $69.4million of total unrecognized compensation cost related to share-based compensation arrangements. That cost is
expected to be recognized over a weighted-average period of 2.41 years.
Cash received from option exercises and purchases ofshares under the Employees’ Stock Purchase Plan was $628.7million, $99.4million and $332.7million
during  scal 2013,2012 and 2011, respectively. The actual tax bene t realized for the tax deductions from option exercises totaled $24.0million, $3.0million
and $15.9million during  scal 2013,2012 and 2011, respectively.
NOTE18 Income Taxes
Income Tax Provisions
For  nancial reporting purposes, earnings before income taxes consists of the following:
(Inthousands)
2013 2012 2011
UnitedStates $ 1,351,947 $ 1,606,928 $ 1,639,258
Foreign 195,508 177,074 188,196
TOTAL $ 1,547,455 $ 1,784,002 $ 1,827,454