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INCENTIVE COMPENSATION (Tables) | 3 Months Ended
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Mar. 26, 2017
INCENTIVE COMPENSATION [Abstract] |
Schedule of Awards | The following awards were outstanding during the thirteen weeks ended March 26, 2017:
Award Type |  | Benefit Plan |  | Awards Granted |  | Grant Date |  | Grant Date Fair Value per Award(a) |  | Vesting Condition |  | Vesting Date |  | Vesting Date Fair Value per Award(a) |  | Estimated Forfeiture Rate |  | Awards Forfeited to Date |  | Settlement Method
RSU |  | LTIP |  | 449,217 |  |  | 02/19/2014 |  | $ | 16.70 |  |  | Service |  | 12/31/2016 |  | $ | 18.99 |  |  | 13.49 | % |  | 86,458 |  |  | Stock
RSU |  | LTIP |  | 223,701 |  |  | 03/03/2014 |  | 17.18 |  |  | Performance / Service |  | 12/31/2017 |  |  |  | 12.34 | % |  | 55,516 |  |  | Stock
RSU | (b) | LTIP |  | 45,961 |  |  | 02/11/2015 |  | 25.87 |  |  | Service |  | 12/31/2017 |  | 18.99 |  |  | 12.34 | % |  | — |  |  | Stock
RSU |  | LTIP |  | 251,136 |  |  | 03/30/2016 |  | 25.36 |  |  | Performance / Service |  | 12/31/2019 |  | 18.99 |  |  | (d) |  |  | 251,136 |  |  | Stock
RSU | (b) | LTIP |  | 74,536 |  |  | 10/13/2016 |  | 20.93 |  |  | Service |  | 12/31/2016 |  |  |  | — | % |  | — |  |  | Stock
RSU |  | LTIP |  | 389,424 |  |  | 01/19/2017 |  | 18.39 |  |  | Performance / Service |  | (e) |  |  |  | — | % |  | — |  |  | Stock
RSU | (c) | LTIP |  | 48,586 |  |  | 02/13/2017 |  | 20.52 |  |  | Service |  | 2/13/2017 |  |  |  | — | % |  | — |  |  | Stock
RSU | (c) | LTIP |  | 23,469 |  |  | 02/13/2017 |  | 20.52 |  |  | Service |  | 12/31/2017 |  |  |  | — | % |  | — |  |  | Stock
(a) | The fair value of each RSU granted or vested represents the closing price of the Company's common stock on the respective grant date or vesting date.
(b) | On February 17, 2015, the Company paid a special cash dividend to stockholders of record as of January 30, 2015 totaling $5.77 per share. On January 27, 2015, the Compensation Committee of the Company's Board of Directors agreed to grant additional RSUs to LTIP participants that were equal to the amount of the dividend that would be awarded to them had their RSUs existing as of the dividend record date been vested. The additional RSUs that were granted to the LTIP participants are subject to the same vesting requirements as the underlying RSUs granted under the LTIP.
(c) | On May 18, 2016, the Company paid a special cash dividend to stockholders of record as of May 10, 2015 totaling $2.75 per share. On October 27, 2016, the Compensation Committee of the Company's Board of Directors agreed to grant additional RSUs to LTIP participants that were equal to the amount of the dividend that would be awarded to them had their RSUs existing as of the dividend record date been vested. The additional RSUs that were granted to the LTIP participants are subject to the same vesting requirements as the underlying RSUs granted under the LTIP.
(d) | Performance conditions associated with these awards were not satisfied. Therefore, 100% of the awards were forfeited during the thirteen weeks ended March 26, 2017.
(e) | The subject RSUs will vest in ratable tranches on December 31, 2018, December 31, 2019, and December 31, 2020.
Schedule of Compensation Cost and Income Tax Benefit | Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below:
| Thirteen Weeks Ended
| March 26, 2017 |  | March 27, 2016
| (In thousands)
Share-based compensation cost: |  |  |
Cost of sales | $ | 149 |  |  | $ | 99 |
Selling, general and administrative expense | 1,311 |  |  | 781 |
Total | $ | 1,460 |  |  | $ | 880 |
Income tax benefit | $ | 417 |  |  | $ | 257 |
Schedule of Restricted Share and Restricted Stock Unit Activity | The Company’s RSU activity is included below:
| Thirteen Weeks Ended March 26, 2017 |  | Thirteen Weeks Ended March 27, 2016
| Number |  | Weighted Average Grant Date Fair Value |  | Number |  | Weighted Average Grant Date Fair Value
| (In thousands, except weighted average fair values)
Outstanding at beginning of period | 906 |  |  | $ | 20.00 |  |  | 774 |  |  | $ | 18.78 |
Granted | 462 |  |  | 18.72 |  |  | — |  |  | — |
Vested | (486 | ) |  | 17.73 |  |  | — |  |  | — |
Forfeited | (251 | ) |  | 25.36 |  |  | (148 | ) |  | 26.82 |
Outstanding at end of period | 631 |  |  | $ | 18.68 |  |  | 626 |  |  | $ | 16.88 |

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