XML 95 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.8

STOCK BASED COMPENSATION (Tables) | 9 Months Ended
--- | ---
Oct. 04, 2014
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 forty weeks ended October 4, 2014 and October 5, 2013 were as follows (amounts in thousands):
|  | October 4, 2014 |  |  | October 5, 2013 |
Cash received from option exercises |  | $ | 17,096 |  |  | $ | 11,216 |
Cash tax windfall, net |  | $ | 3,871 |  |  | $ | 4,594 |
Intrinsic value of stock options exercised |  | $ | 13,995 |  |  | $ | 14,727 |
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 and Restricted Stock Activity | The deferred and restricted stock activity for the forty weeks ended October 4, 2014 is set forth below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 28, 2013 |  |  | 177 |  |  | $ | 18.92 |
Deferred stock granted |  |  | 97 |  |  | $ | 20.47 |
Deferred stock vested |  |  | (78 | ) |  | $ | 19.07 |
Deferred stock forfeited |  |  | (19 | ) |  | $ | 19.03 |
Nonvested at October 4, 2014 |  |  | 177 |  |  | $ | 20.01 |
Stock Appreciation Rights Activity | The rights activity for the forty weeks ended October 4, 2014 is set forth below (amounts in thousands except price data):
|  | Rights |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Liability |
Outstanding at December 28, 2013 |  |  | 141 |  |  | $ | 7.26 |  |  | $ | 1,982 |
Rights exercised |  |  | (22 | ) |  | $ | 6.25 |  |  |  |  |
Outstanding at October 4, 2014 |  |  | 119 |  |  | $ | 7.44 |  |  | $ | 1,295 |
Summary of Company's Stock Based Compensation Expense | The following table summarizes the company’s stock based compensation expense for the twelve and forty week periods ended October 4, 2014 and October 5, 2013, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |  |  | For the Forty Weeks Ended |
|  | October 4, 2014 |  |  | October 5, 2013 |  |  | October 4, 2014 |  |  | October 5, 2013 |
Stock options |  | $ | — |  |  | $ | 380 |  |  | $ | 197 |  |  | $ | 1,397 |
Performance-contingent restricted stock awards |  |  | 3,527 |  |  |  | 2,463 |  |  |  | 12,714 |  |  |  | 8,710 |
Deferred and restricted stock |  |  | 482 |  |  |  | 446 |  |  |  | 1,663 |  |  |  | 1,323 |
Stock appreciation rights |  |  | (297 | ) |  |  | (281 | ) |  |  | (388 | ) |  |  | 1,268 |
Total stock based compensation |  | $ | 3,712 |  |  | $ | 3,008 |  |  | $ | 14,186 |  |  | $ | 12,698 |
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 |  | January 1, 2014 |  |  | January 1, 2013 |
Shares granted |  |  | 366 |  |  |  | 414 |
Assumed vesting date |  |  | 3/1/2016 |  |  |  | 3/1/2015 |
Fair value per share |  | $ | 23.97 |  |  | $ | 17.22 |
Performance-Contingent Restricted Stock Activity | The company’s performance-contingent restricted stock activity during the quarter ended October 4, 2014, is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested at December 28, 2013 |  |  | 1,229 |  |  | $ | 15.88 |
Initial 2014 grant at target |  |  | 732 |  |  | $ | 22.72 |
Incremental shares issued for the 2012 ROIC modifier |  |  | 51 |  |  | $ | 14.37 |
Incremental shares issued for the 2012 TSR modifier |  |  | 194 |  |  | $ | 15.45 |
2012 Vested |  |  | (653 | ) |  | $ | 15.03 |
Forfeited |  |  | (43 | ) |  | $ | 19.78 |
Nonvested at October 4, 2014 |  |  | 1,510 |  |  | $ | 19.35 |
Stock Option |
Stock Option Activity | The stock option activity for the forty weeks ended October 4, 2014 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 28, 2013 |  |  | 8,112 |  |  | $ | 10.89 |  |  |  |  |  |  |  |  |
Exercised |  |  | (1,565 | ) |  | $ | 10.92 |  |  |  |  |  |  |  |  |
Outstanding at October 4, 2014 |  |  | 6,547 |  |  | $ | 10.89 |  |  |  | 2.43 |  |  | $ | 48,147 |
Exercisable at October 4, 2014 |  |  | 6,547 |  |  | $ | 10.89 |  |  |  | 2.43 |  |  | $ | 48,147 |
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 |  | January 1, 2014 |  |  | January 1, 2013 |
Shares granted |  |  | 366 |  |  |  | 414 |
Vesting date |  |  | 3/1/2016 |  |  |  | 3/1/2015 |
Fair value per share |  | $ | 21.47 |  |  | $ | 15.51 |

X
- 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
Name: | us-gaap_ScheduleOfCashProceedsReceivedFromShareBasedPaymentAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration