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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Jul. 16, 2016
Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises | As of July 16, 2016, 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 16, 2016 and July 18, 2015 were as follows (amounts in thousands):
|  | July 16, 2016 |  |  | July 18, 2015 |
Cash received from option exercises |  | $ | 10,478 |  |  | $ | 2,795 |
Cash tax windfall, net |  | $ | 2,020 |  |  | $ | 841 |
Intrinsic value of stock options exercised |  | $ | 7,500 |  |  | $ | 2,807 |
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 stock activity for the twenty-eight weeks ended July 16, 2016 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 2, 2016 |  |  | 126 |  |  | $ | 21.89 |  |  |  |  |  |  |  |  |
Vested |  |  | (72 | ) |  | $ | 21.59 |  |  |  |  |  |  |  |  |
Granted |  |  | 95 |  |  | $ | 19.30 |  |  |  |  |  |  |  |  |
Nonvested shares at July 16, 2016 |  |  | 149 |  |  | $ | 20.39 |  |  |  | 0.83 |  |  | $ | 1,335 |
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 16, 2016 and July 18, 2015, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |  |  | For the Twenty-Eight Weeks Ended |
|  | July 16, 2016 |  |  | July 18, 2015 |  |  | July 16, 2016 |  |  | July 18, 2015 |
Performance-contingent restricted stock awards |  | $ | 2,998 |  |  | $ | 3,089 |  |  | $ | 10,115 |  |  | $ | 9,646 |
Deferred and restricted stock |  |  | 529 |  |  |  | 469 |  |  |  | 1,203 |  |  |  | 1,110 |
Stock appreciation rights |  |  | — |  |  |  | (39 | ) |  |  | (12 | ) |  |  | 52 |
Total stock based compensation |  | $ | 3,527 |  |  | $ | 3,519 |  |  | $ | 11,306 |  |  | $ | 10,808 |
Stock Option |
Stock Option Activity | The stock option activity for the twenty-eight weeks ended July 16, 2016 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 2, 2016 |  |  | 4,353 |  |  | $ | 10.97 |  |  |  |  |  |  |  |  |
Exercised |  |  | (961 | ) |  | $ | 10.91 |  |  |  |  |  |  |  |  |
Outstanding at July 16, 2016 |  |  | 3,392 |  |  | $ | 10.99 |  |  |  | 1.00 |  |  | $ | 26,471 |
Exercisable at July 16, 2016 |  |  | 3,392 |  |  | $ | 10.99 |  |  |  | 1.00 |  |  | $ | 26,471 |
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 Omnibus Plan and have service period remaining (amounts in thousands, except price data):
Grant date |  | January 3, 2016 |  |  | January 4, 2015 |
Shares granted |  |  | 401 |  |  |  | 414 |
Vesting date |  | 2/21/2018 |  |  | 3/1/2017 |
Fair value per share |  | $ | 24.17 |  |  | $ | 21.21 |
Performance-Contingent Restricted Stock Activity | Performance-Contingent Restricted Stock The company’s performance-contingent restricted stock activity for the twenty-eight weeks ended July 16, 2016, is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at January 2, 2016 |  |  | 1,349 |  |  | $ | 21.26 |
Initial grant at target |  |  | 801 |  |  | $ | 22.83 |
Grant reduction for not achieving the ROIC modifier |  |  | (14 | ) |  | $ | 21.47 |
Grant reduction for not achieving the TSR modifier |  |  | (249 | ) |  | $ | 23.97 |
Vested |  |  | (312 | ) |  | $ | 22.02 |
Forfeited |  |  | (12 | ) |  | $ | 23.72 |
Nonvested shares at July 16, 2016 |  |  | 1,563 |  |  | $ | 21.53 |
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 Omnibus Plan and have service period remaining (amounts in thousands, except price data):
Grant date |  | January 3, 2016 |  |  | January 4, 2015 |
Shares granted |  |  | 401 |  |  |  | 414 |
Vesting date |  | 2/21/2018 |  |  | 3/1/2017 |
Fair value per share |  | $ | 21.49 |  |  | $ | 19.14 |

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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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