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INCENTIVE COMPENSATION (Tables) | 6 Months Ended
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Jul. 01, 2018
INCENTIVE COMPENSATION [Abstract] |
Schedule of Awards | The following awards were outstanding during the twenty-six weeks ended July 1, 2018:
Award Type |  | Benefit Plan |  | Awards Granted |  | Grant Date |  | Grant Date Fair Value per Award |  | Vesting Condition |  | Vesting Date |  | Awards Forfeited to Date |  | Settlement Method
RSU |  | LTIP |  | 389,424 |  |  | 01/19/2017 |  | 18.38 |  |  | Performance / Service |  | (a) |  | 389,424 |  | (a) | Stock
RSU |  | LTIP |  | 410,000 |  |  | 02/14/2018 |  | 25.59 |  |  | Service |  | 01/01/2019 |  | — |  |  | Stock
RSU |  | LTIP |  | 161,215 |  |  | 03/01/2018 |  | 24.93 |  |  | Service |  | (b) |  | 5,097 |  |  | Stock
RSU |  | LTIP |  | 266,478 |  |  | 03/01/2018 |  | 24.93 |  |  | Performance / Service |  | (c) |  | 22,548 |  |  | Stock
RSU |  | LTIP |  | 11,144 |  |  | 05/10/2018 |  | 21.54 |  |  | (d) |  | (d) |  | — |  |  | Stock
(a) | Performance conditions associated with these awards were not satisfied. Therefore, 100% of the awards were forfeited during the twenty-six weeks ended July 1, 2018.
(b) | These restricted stock units vest in ratable tranches on December 31, 2018, December 31, 2019 and December 31, 2020. Expected compensation cost related to these units totals $4.0 million based on a closing stock price for the Company’s common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss over the remaining vesting period.
(c) | If performance conditions related to the Company's 2018 operating results are satisfied, these restricted stock units vest in ratable tranches on December 31, 2019, December 31, 2020 and December 31, 2021. Expected compensation cost related to these units totals $6.6 million based on a closing stock price for the Company's common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period.
(d) | These restricted stock units were granted to the four non-employees who currently serve on the Company's Board of Directors. Each participating director's units will vest upon his departure from the Company's Board of Directors. Compensation cost was recognized in profit/loss upon the grant date.
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 |  | Twenty-Six Weeks Ended
| July 1, 2018 |  | June 25, 2017 |  | July 1, 2018 |  | June 25, 2017
| (In thousands)
Share-based compensation cost: |  |  |  |  |  |  |
Cost of sales | $ | 117 |  |  | $ | 38 |  |  | $ | 169 |  |  | $ | 187 |
Selling, general and administrative expense | 4,243 |  |  | 449 |  |  | 5,464 |  |  | 1,760 |
Total | $ | 4,360 |  |  | $ | 487 |  |  | $ | 5,633 |  |  | $ | 1,947 |
Income tax benefit | $ | 1,061 |  |  | $ | 184 |  |  | $ | 1,371 |  |  | $ | 601 |
Schedule of Restricted Share and Restricted Stock Unit Activity | The Company’s RSU activity is included below:
| Twenty-Six Weeks Ended July 1, 2018 |  | Twenty-Six Weeks Ended June 25, 2017
| 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 | 389 |  |  | $ | 18.39 |  |  | 906 |  |  | $ | 20.00 |
Granted | 849 |  |  | 25.20 |  |  | 462 |  |  | 18.72 |
Vested | — |  |  | — |  |  | (486 | ) |  | 17.73 |
Forfeited | (417 | ) |  | 18.82 |  |  | (251 | ) |  | 25.36 |
Outstanding at end of period | 821 |  |  | $ | 25.21 |  |  | 631 |  |  | $ | 18.68 |

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