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Stock-Based Compensation (Tables) | 6 Months Ended
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Jul. 14, 2018
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 twenty-eight weeks ended July 14, 2018 and July 15, 2017, respectively, were as follows (amounts in thousands):
|  | July 14, 2018 |  |  | July 15, 2017 |
Cash received from option exercises |  | $ | 791 |  |  | $ | 6,416 |
Tax benefit at exercise, net |  | $ | 111 |  |  | $ | 1,477 |
Intrinsic value of stock options exercised |  | $ | 609 |  |  | $ | 5,215 |
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 | %
Performance-Contingent Restricted Stock Awards | The table below presents the TSR modifier share adjustment, ROIC modifier share adjustment, accumulated dividends on vested shares, and the tax benefit/(expense) at vesting of the performance-contingent restricted stock awards (amounts in thousands, except per share data). The shortfall at vesting of 2015 and 2016 awards was recorded as tax expense.
Award Granted |  |  | Fiscal Year Vested |  |  | TSR Modifier Increase/(Decrease) Shares |  |  | ROIC Modifier Increase/(Decrease) Shares |  |  | Dividends at Vesting (thousands) |  |  | Tax Benefit/(Expense) |  |  | Fair Value at Vesting |
| 2016 |  |  |  | 2018 |  |  |  | (333,112 | ) |  |  | (114,190 | ) |  | $ | 405 |  |  | $ | (2,130 | ) |  | $ | 6,504 |
| 2015 |  |  |  | 2017 |  |  |  | (378,219 | ) |  |  | (49,272 | ) |  | $ | 392 |  |  | $ | (3,099 | ) |  | $ | 6,316 |
Performance-Contingent Restricted Stock Activity | Performance-Contingent Restricted Stock The company’s performance-contingent restricted stock activity for the twenty-eight weeks ended July 14, 2018 is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 30, 2017 |  |  | 1,575 |  |  | $ | 22.20 |
Grant reduction for not achieving the ROIC modifier |  |  | (114 | ) |  | $ | 21.49 |
Grant reduction for not achieving the TSR modifier |  |  | (333 | ) |  | $ | 24.17 |
Vested |  |  | (314 | ) |  | $ | 21.89 |
Forfeited |  |  | (28 | ) |  | $ | 21.09 |
Nonvested shares at July 14, 2018 |  |  | 786 |  |  | $ | 21.64 |
Deferred Stock Activity | The deferred stock activity for the twenty-eight weeks ended July 14, 2018 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 December 30, 2017 |  |  | 87 |  |  | $ | 18.70 |  |  |  |  |  |  |  |  |
Vested |  |  | (87 | ) |  | $ | 18.70 |  |  |  |  |  |  |  |  |
Granted |  |  | 78 |  |  | $ | 19.89 |  |  |  |  |  |  |  |  |
Nonvested shares at July 14, 2018 |  |  | 78 |  |  | $ | 19.89 |  |  |  | 0.84 |  |  | $ | 1,744 |
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 14, 2018 and July 15, 2017, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |
|  | July 14, 2018 |  |  | July 15, 2017 |
Performance-contingent restricted stock awards |  | $ | 1,720 |  |  | $ | 2,316 |
Deferred and restricted stock |  |  | 356 |  |  |  | 399 |
Total stock-based compensation |  | $ | 2,076 |  |  | $ | 2,715 |
|  | For the Twenty-Eight Weeks Ended |
|  | July 14, 2018 |  |  | July 15, 2017 |
Performance-contingent restricted stock awards |  | $ | 4,573 |  |  | $ | 7,683 |
Deferred and restricted stock |  |  | 877 |  |  |  | 1,007 |
Total stock-based compensation |  | $ | 5,450 |  |  | $ | 8,690 |
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 1, 2017 |
Shares granted |  |  | 426 |
Vesting date |  | 3/1/2019 |
Fair value per share |  | $ | 23.31 |
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 1, 2017 |
Shares granted |  |  | 426 |
Vesting date |  | 3/1/2019 |
Fair value per share |  | $ | 19.97 |

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