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Stock-Based Compensation (Tables) | 4 Months Ended
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Apr. 20, 2019
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 sixteen weeks ended April 21, 2018 were as follows (amounts in thousands):
|  | April 21, 2018 |
Cash received from option exercises |  | $ | 791 |
Tax benefit at exercise, net |  | $ | 111 |
Intrinsic value of stock options exercised |  | $ | 609 |
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).
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 |
| 2017 |  |  |  | 2019 |  |  |  | 205,686 |  |  |  | (97,131 | ) |  | $ | 1,219 |  |  | $ | 936 |  |  | $ | 18,570 |
| 2016 |  |  |  | 2018 |  |  |  | (333,112 | ) |  |  | (114,190 | ) |  | $ | 405 |  |  | $ | (2,130 | ) |  | $ | 6,504 |
Performance-Contingent Restricted Stock Activity | Performance-Contingent Restricted Stock The company’s performance-contingent restricted stock activity for the sixteen weeks ended April 20, 2019 is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 29, 2018 |  |  | 779 |  |  | $ | 21.64 |
Initial grant at target |  |  | 881 |  |  | $ | 19.94 |
Grant reduction for not achieving the ROIC modifier |  |  | (97 | ) |  | $ | 19.97 |
Grant increase for achieving the TSR modifier |  |  | 206 |  |  | $ | 23.31 |
Vested |  |  | (885 | ) |  | $ | 22.21 |
Forfeited |  |  | (7 | ) |  | $ | 19.94 |
Nonvested shares at April 20, 2019 |  |  | 877 |  |  | $ | 19.94 |
Time-Based Restricted Stock Units Awards | The following TBRSU Shares have been granted under the Omnibus Plan and have service periods remaining (amounts in thousands, except price data):
Grant Date |  | December 30, 2018 |
Shares granted |  |  | 244 |
Vesting date |  | Equally over 3 years |
Fair value per share |  | $ | 18.29 |
Time-Based Restricted Stock Units Activity | The TBRSU Shares activity for the sixteen weeks ended April 20, 2019 is set forth below (amounts in thousands, except price data):
|  | TBRSU Shares |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Unrecognized Compensation Cost |
Nonvested shares at December 29, 2018 |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Granted |  |  | 244 |  |  |  | 18.29 |  |  |  |  |  |  |  |  |
Forfeitures |  |  | (3 | ) |  |  | 18.29 |  |  |  |  |  |  |  |  |
Nonvested shares at April 20, 2019 |  |  | 241 |  |  | $ | 18.29 |  |  |  | 2.72 |  |  | $ | 3,964 |
Deferred Stock Activity | The deferred stock activity for the sixteen weeks ended April 20, 2019 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 29, 2018 |  |  | 66 |  |  | $ | 19.93 |  |  |  |  |  |  |  |  |
Vested |  |  | (8 | ) |  | $ | 19.31 |  |  |  |  |  |  |  |  |
Granted |  |  | 3 |  |  | $ | 18.47 |  |  |  |  |  |  |  |  |
Nonvested shares at April 20, 2019 |  |  | 61 |  |  | $ | 19.93 |  |  |  | 0.10 |  |  | $ | 1,322 |
Summary of Company's Stock Based Compensation Expense | The following table summarizes the company’s stock-based compensation expense for the sixteen weeks ended April 20, 2019 and April 21, 2018, respectively (amounts in thousands):
|  | For the Sixteen Weeks Ended |
|  | April 20, 2019 |  |  | April 21, 2018 |
Performance-contingent restricted stock awards |  | $ | 2,356 |  |  | $ | 2,853 |
TBRSU Shares |  |  | 448 |  |  |  | — |
Deferred stock awards |  |  | 375 |  |  |  | 522 |
Total stock-based compensation |  | $ | 3,179 |  |  | $ | 3,375 |
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 |  | December 30, 2018 |
Shares granted |  |  | 440 |
Vesting date |  | 3/1/2022 |
Fair value per share |  | $ | 21.58 |
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 |  | December 30, 2018 |
Shares granted |  |  | 440 |
Vesting date |  | 3/1/2022 |
Fair value per share |  | $ | 18.29 |

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