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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Oct. 08, 2016
Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises | As of October 8, 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 forty weeks ended October 8, 2016 and October 10, 2015 were as follows (amounts in thousands):
|  | October 8, 2016 |  |  | October 10, 2015 |
Cash received from option exercises |  | $ | 18,862 |  |  | $ | 18,571 |
Cash tax windfall, net |  | $ | 2,462 |  |  | $ | 7,282 |
Intrinsic value of stock options exercised |  | $ | 10,503 |  |  | $ | 23,366 |
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 forty weeks ended October 8, 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 October 8, 2016 |  |  | 149 |  |  | $ | 20.39 |  |  |  | 0.61 |  |  | $ | 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 forty weeks ended October 8, 2016 and October 10, 2015, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |  |  | For the Forty Weeks Ended |
|  | October 8, 2016 |  |  | October 10, 2015 |  |  | October 8, 2016 |  |  | October 10, 2015 |
Performance-contingent restricted stock awards |  | $ | 3,220 |  |  | $ | 1,811 |  |  | $ | 13,335 |  |  | $ | 11,457 |
Deferred and restricted stock |  |  | 479 |  |  |  | 548 |  |  |  | 1,682 |  |  |  | 1,658 |
Stock appreciation rights |  |  | — |  |  |  | 124 |  |  |  | (12 | ) |  |  | 176 |
Total stock based compensation |  | $ | 3,699 |  |  | $ | 2,483 |  |  | $ | 15,005 |  |  | $ | 13,291 |
Stock Option |
Stock Option Activity | The stock option activity for the forty weeks ended October 8, 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 |  |  | (1,716 | ) |  | $ | 10.99 |  |  |  |  |  |  |  |  |
Outstanding at October 8, 2016 |  |  | 2,637 |  |  | $ | 10.95 |  |  |  | 0.91 |  |  | $ | 9,907 |
Exercisable at October 8, 2016 |  |  | 2,637 |  |  | $ | 10.95 |  |  |  | 0.91 |  |  | $ | 9,907 |
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 forty weeks ended October 8, 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 |  |  | (26 | ) |  | $ | 23.60 |
Nonvested shares at October 8, 2016 |  |  | 1,549 |  |  | $ | 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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