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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Jul. 18, 2015
Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises | As of July 18, 2015, compensation expense related to the NQSOs was fully amortized. The cash received, the windfall tax benefit, and intrinsic value from stock option exercises for the twenty-eight weeks ended July 18, 2015 and July 12, 2014 were as follows (amounts in thousands):
|  | July 18, 2015 |  |  | July 12, 2014 |
Cash received from option exercises |  | $ | 2,795 |  |  | $ | 6,888 |
Cash tax windfall, net |  | $ | 841 |  |  | $ | 1,799 |
Intrinsic value of stock options exercised |  | $ | 2,807 |  |  | $ | 6,234 |
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 twenty-eight weeks ended July 18, 2015 is set forth below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Nonvested shares at January 3, 2015 |  |  | 151 |  |  | $ | 21.06 |  |  |  |  |  |  |  |  |
Vested |  |  | (54 | ) |  | $ | 20.94 |  |  |  |  |  |  |  |  |
Granted |  |  | 70 |  |  | $ | 21.59 |  |  |  |  |  |  |  |  |
Nonvested shares at July 18, 2015 |  |  | 167 |  |  | $ | 21.29 |  |  |  | 1.11 |  |  | $ | 3,526 |
Stock Appreciation Rights Activity | The rights activity for the twenty-eight weeks ended July 18, 2015 is set forth below (amounts in thousands except price data):
|  | Rights |  |  | Weighted Average Fair Value |  |  | Aggregate Liability |
Outstanding shares at January 3, 2015 |  |  | 29 |  |  | $ | 8.47 |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  |  |
Outstanding shares at July 18, 2015 |  |  | 29 |  |  | $ | 8.47 |  |  | $ | 362 |
Summary of Company's Stock Based Compensation Expense | The following table summarizes the company’s stock based compensation expense for the twelve and twenty-eight weeks ended July 18, 2015 and July 12, 2014, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |  |  | For the Twenty-Eight Weeks Ended |
|  | July 18, 2015 |  |  | July 12, 2014 |  |  | July 18, 2015 |  |  | July 12, 2014 |
Stock options |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 197 |
Performance-contingent restricted stock awards |  |  | 3,089 |  |  |  | 4,430 |  |  |  | 9,646 |  |  |  | 9,187 |
Deferred and restricted stock |  |  | 469 |  |  |  | 519 |  |  |  | 1,110 |  |  |  | 1,181 |
Stock appreciation rights |  |  | (39 | ) |  |  | 42 |  |  | $ | 52 |  |  |  | (91 | )
Total stock based compensation |  | $ | 3,519 |  |  | $ | 4,991 |  |  | $ | 10,808 |  |  | $ | 10,474 |
Stock Option |
Stock Option Activity | The stock option activity for the twenty-eight weeks ended July 18, 2015 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 January 3, 2015 |  |  | 6,191 |  |  | $ | 10.88 |  |  |  |  |  |  |  |  |
Exercised |  |  | (258 | ) |  | $ | 10.83 |  |  |  |  |  |  |  |  |
Outstanding at July 18, 2015 |  |  | 5,933 |  |  | $ | 10.88 |  |  |  | 1.56 |  |  | $ | 59,609 |
Exercisable at July 18, 2015 |  |  | 5,933 |  |  | $ | 10.88 |  |  |  | 1.56 |  |  | $ | 59,609 |
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 4, 2015 |  |  | January 1, 2014 |
Shares granted |  |  | 414 |  |  |  | 366 |
Vesting date |  | 3/1/2017 |  |  | 3/1/2016 |
Fair value per share |  | $ | 21.21 |  |  | $ | 23.97 |
Performance-Contingent Restricted Stock Activity | The company’s performance-contingent restricted stock activity for the twenty-eight weeks ended July 18, 2015, is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at January 3, 2015 |  |  | 1,404 |  |  | $ | 19.09 |
Initial grant at target |  |  | 829 |  |  | $ | 20.18 |
Supplemental grant for exceeding the ROIC modifier |  |  | 100 |  |  | $ | 15.51 |
Grant reduction for not achieving the TSR modifier |  |  | (48 | ) |  | $ | 17.22 |
Vested |  |  | (853 | ) |  | $ | 16.22 |
Forfeited |  |  | (79 | ) |  | $ | 19.58 |
Nonvested shares at July 18, 2015 |  |  | 1,353 |  |  | $ | 21.26 |
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 4, 2015 |  |  | January 1, 2014 |
Shares granted |  |  | 414 |  |  |  | 366 |
Vesting date |  | 3/1/2017 |  |  | 3/1/2016 |
Fair value per share |  | $ | 19.14 |  |  | $ | 21.47 |

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