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Stock Based Compensation (Tables) | 4 Months Ended
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Apr. 20, 2013
Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises | The cash received, the windfall tax benefit, and intrinsic value from stock option exercises for the sixteen weeks ended April 20, 2013 and April 21, 2012 were as follows (amounts in thousands):
|  | April 20, 2013 |  |  | April 21, 2012 |
Cash received from option exercises |  | $ | 146 |  |  | $ | 233 |
Cash tax windfall, net |  | $ | 29 |  |  | $ | 23 |
Intrinsic value of stock options exercised |  | $ | 109 |  |  | $ | 124 |
Payout Determined from Total Shareholder Return Shares | The Company TSR compared to the Peer Group TSR will determine the payout as set forth below:
Percentile |  | Payout as % of Target |
90th |  |  | 200 | %
70th |  |  | 150 | %
50th |  |  | 100 | %
30th |  |  | 50 | %
Below 30th |  |  | 0 | %
Deferred Stock Activity | The deferred stock activity for the sixteen weeks ended April 20, 2013 is set forth below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Balance at December 29, 2012 |  |  | 252 |  |  | $ | 17.24 |  |  |  |  |  |  |  |  |
Deferred stock issued |  |  | 24 |  |  | $ | 21.60 |  |  |  |  |  |  |  |  |
Deferred stock exercised |  |  | (24 | ) |  | $ | 16.22 |  |  |  |  |  |  |  |  |
Balance at April 20, 2013 |  |  | 252 |  |  | $ | 17.76 |  |  |  | 0.24 |  |  | $ | 8,121 |
Outstanding vested at April 20, 2013 |  |  | 160 |  |  | $ | 15.98 |  |  |  |  |  |  | $ | 5,167 |
Outstanding unvested at April 20, 2013 |  |  | 92 |  |  | $ | 20.86 |  |  |  | 0.66 |  |  | $ | 2,954 |
Shares vesting during the quarter ended April 20, 2013 |  |  | 24 |  |  | $ | 16.22 |  |  |  |  |  |  | $ | 776 |
Stock Appreciation Rights Activity | The rights activity for the sixteen weeks ended April 20, 2013 is set forth below (amounts in thousands except price data):
|  | Rights |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at December 29, 2012 |  |  | 130 |  |  | $ | 10.52 |  |  |  |  |  |  |  |  |
Rights exercised |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Rights forfeited |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Outstanding at April 20, 2013 |  |  | 130 |  |  | $ | 10.52 |  |  |  | 1.82 |  |  | $ | 2,899 |
Summary of Company's Stock Based Compensation Expense (Income) | The following table summarizes the company’s stock based compensation expense for the sixteen weeks ended April 20, 2013 and April 21, 2012 (amounts in thousands):
|  | For the Sixteen Weeks Ended |
|  | April 20, 2013 |  |  | April 21, 2012 |
Stock options |  | $ | 636 |  |  | $ | 1,202 |
Performance-contingent restricted stock awards |  |  | 3,794 |  |  |  | 1,005 |
Deferred stock |  |  | 454 |  |  |  | 433 |
Stock appreciation rights |  |  | 1,191 |  |  |  | 424 |
Total stock based compensation |  | $ | 6,075 |  |  | $ | 3,064 |
Return On Invested Capital |
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards | The following performance-contingent ROIC Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):
Grant date |  | 1/1/13 |  |  | 7/16/2012 |
Shares granted |  |  | 276.1 |  |  |  | 137.5 |
Vesting date |  |  | 3/1/2015 |  |  |  | 2/28/2014 |
Fair value per share |  | $ | 23.27 |  |  | $ | 21.56 |
Performance-Contingent Total Shareholder Return Shares |
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards | The following performance-contingent TSR Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):
Grant date |  | 1/1/13 |  |  | 7/16/2012 |
Shares granted |  |  | 276.1 |  |  |  | 137.5 |
Vesting date |  |  | 3/1/2015 |  |  |  | 2/28/2014 |
Fair value per share |  | $ | 25.83 |  |  | $ | 23.18 |
Performance-Contingent Restricted Stock Activity | The company’s performance-contingent restricted stock activity during the quarter ended April 20, 2013, is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested at December 29, 2012 |  |  | 592 |  |  | $ | 18.92 |
Initial grant |  |  | 552 |  |  | $ | 24.55 |
Grant increase for exceeding the S&P TSR |  |  | 63 |  |  | $ | 15.93 |
Vested |  |  | (381 | ) |  | $ | 15.93 |
Forfeited |  |  | (2 | ) |  | $ | 23.44 |
Nonvested at April 20, 2013 |  |  | 824 |  |  | $ | 23.83 |
Stock Option |
Stock Option Activity | The stock option activity for the sixteen weeks ended April 20, 2013 pursuant to the EPIP is set forth below (amounts in thousands, except price data):
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at December 29, 2012 |  |  | 6,360 |  |  | $ | 16.08 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (9 | ) |  | $ | 16.20 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (9 | ) |  | $ | 16.48 |  |  |  |  |  |  |  |  |
Outstanding at April 20, 2013 |  |  | 6,342 |  |  | $ | 16.08 |  |  |  | 3.44 |  |  | $ | 102,377 |
Exercisable at April 20, 2013 |  |  | 4,253 |  |  | $ | 15.96 |  |  |  | 2.76 |  |  | $ | 69,071 |
Nonqualified Stock Options |
Non-Qualified Stock Options, Grant Information And Valuation Assumptions | The following non-qualified stock options (“NQSOs”) have been granted under the EPIP with service period remaining. The Black-Scholes option-pricing model was used to estimate the grant date fair value (amounts in thousands, except price data and as indicated):
Grant date |  | 2/10/2011 |
Shares granted |  |  | 2,142 |
Exercise price($) |  |  | 16.31 |
Vesting date |  |  | 2/10/2014 |
Fair value per share($) |  |  | 3.47 |
Dividend yield(%)(1) |  |  | 3.00 |
Expected volatility(%)(2) |  |  | 29.20 |
Risk-free interest rate(%)(3) |  |  | 2.44 |
Expected option life (years)(4) |  |  | 5.00 |
Outstanding at April 20, 2013 |  |  | 2,095 |
(1) | Dividend yield — estimated yield based on the historical dividend payment for the four most recent dividend payments prior to the grant date.
(2) | Expected volatility — based on historical volatility over the expected term using daily stock prices.
(3) | Risk-free interest rate — United States Treasury Constant Maturity rates as of the grant date over the expected term.
(4) | Expected option life —The 2011 grant assumptions are based on the simplified formula determined in accordance with Staff Accounting Bulletin No. 110. The company does not have sufficient historical exercise behavior data to reasonably estimate the expected option life.

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- Definition Tabular disclosure of the amount of cash proceeds received from the exercise of stock options and similar instruments granted under share-based payment arrangements and the tax benefit realized from stock options exercised during the period. Disclosure may also include the intrinsic value of stock options exercised during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (j) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number, aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both performance-based awards (or share units) outstanding and performance-based awards (or share units) fully vested and expected to vest at the date of the latest statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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