v2.4.0.8
INCENTIVE COMPENSATION
 9 Months Ended
Sep. 29, 2013
INCENTIVE COMPENSATION [Abstract]  
INCENTIVE COMPENSATION

12. INCENTIVE COMPENSATION

      The Company sponsors a short-term incentive plan that provides the grant of either cash or share-based bonus awards payable upon achievement of specified performance goals (the "STIP"). Full-time, salaried exempt employees of the Company and its affiliates who are selected by the administering committee are eligible to participate in the STIP. The Company has accrued $12.5 million in costs related to the STIP at September 29, 2013 related to cash bonus awards that could potentially be awarded during the remainder of 2013 and 2014.

      The Company also sponsors a performance-based, omnibus long-term incentive plan that provides for the grant of a broad range of long-term equity-based and cash-based awards to the Company's officers and other employees, members of the Board and any consultants (the "LTIP"). The equity-based awards that may be granted under the LTIP include "incentive stock options," within the meaning of the Internal Revenue Code, nonqualified stock options, stock appreciation rights, restricted stock awards ("RSAs") and restricted stock units ("RSUs"). At September 29, 2013, we have reserved approximately 6.6 million shares of common stock for future issuance under the LTIP.

      The following awards existed during the thirty-nine weeks ended September 29, 2013:

                        Estimated    
Award               Award           Vesting       Forfeiture       Settlement
Type   Benefit Plan   Quantity   Grant Date       Condition       Vesting Date       Rate   Method
RSA   Employment Agreement   100,000   January 14, 2011   Service   January 3, 2013   - %   Stock
RSA   Employment Agreement   100,000   January 14, 2011   Service   January 3, 2014   - %   Stock
RSA   LTIP   72,675   August 27, 2012   Service   April 27, 2014   - %   Stock
RSU   LTIP   608,561   February 4, 2013   Service   December 31, 2014   9.6559 %   Stock
RSA   LTIP   15,000   February 25, 2013   Service   February 24, 2015   - %   Stock
RSA   LTIP   15,000   February 25, 2013   Service   February 24, 2016   - %   Stock
RSU   LTIP   206,933   February 26, 2013   Service   December 31, 2014   - %   Stock

      Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below:

    Thirteen Weeks Ended   Thirty-Nine Weeks Ended
        September 29, 2013       September 23, 2012       September 29, 2013       September 23, 2012
    (In thousands)
Share-based compensation costs:                        
       Cost of goods sold   $ 102   $ -   $ 255   $ -
       Selling, general and administrative
              expenses		     711     166     2,160     464
              Total   $ 813   $ 166   $ 2,415   $ 464
 
Income tax benefit   $ 151   $ -   $ 488   $ -

      The Company's RSA and RSU activity is included below:

    Thirty-Nine Weeks Ended
    September 29, 2013   September 23, 2012
          Weighted Average       Weighted Average
    Number   Grant Date Fair Value   Number   Grant Date Fair Value
    (In thousands, except weighted average fair values)
RSAs:                                  
       Outstanding at beginning of period   273     $      6.54   200       $ 7.10
       Granted   30       8.72   -     -
       Vested          (100 )     7.10   -     -
       Outstanding at end of period   203     $ 6.59            200   $ 7.10
 
RSUs:                      
       Outstanding at beginning of period   -     $ -   -   $ -
       Granted   815       8.82   -     -
       Forfeited   (72 )     8.89   -     -
       Outstanding at end of period   743     $ 8.81   -   $ -

      At September 29, 2013, the total unrecognized compensation cost related to all nonvested awards was $5.5 million. That cost is expected to be recognized over a weighted average period of 1.25 years.

      Historically, we have issued new shares to satisfy award conversions.