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Stock-Based Compensation (Tables) | 6 Months Ended
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Jul. 11, 2020
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 share data).
Award Granted |  |  | Fiscal Year Vested |  |  | TSR Modifier Increase Shares |  |  | ROIC Modifier Decrease Shares |  |  | Dividends at Vesting (thousands) |  |  | Tax Benefit |  |  | Fair Value at Vesting |
| 2017 |  |  |  | 2019 |  |  |  | 205,686 |  |  |  | (97,131 | ) |  | $ | 1,219 |  |  | $ | 936 |  |  | $ | 18,570 |
Performance-Contingent Restricted Stock Activity | Performance-Contingent Restricted Stock The company’s performance-contingent restricted stock activity for the twenty-eight weeks ended July 11, 2020 is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 28, 2019 |  |  | 662 |  |  | $ | 20.16 |
Initial grant at target |  |  | 678 |  |  | $ | 23.34 |
Vested |  |  | — |  |  | $ | — |
Forfeited |  |  | (72 | ) |  | $ | 20.69 |
Nonvested shares at July 11, 2020 |  |  | 1,268 |  |  | $ | 21.82 |
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 |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
12/30/2018 |  |  | 244 |  |  | Equally over 3 years |  | $ | 18.29 |
5/23/2019 |  |  | 43 |  |  | 5/23/2023 |  | $ | 23.08 |
12/29/2019 |  |  | 219 |  |  | Equally over 3 years |  | $ | 21.74 |
Time-Based Restricted Stock Units Activity | The TBRSU Shares activity for the twenty-eight weeks ended July 11, 2020 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 28, 2019 |  |  | 270 |  |  | $ | 19.06 |  |  |  |  |  |  |  |  |
Vested |  |  | (74 | ) |  | $ | 18.29 |  |  |  |  |  |  |  |  |
Granted |  |  | 219 |  |  | $ | 21.74 |  |  |  |  |  |  |  |  |
Forfeitures |  |  | (16 | ) |  | $ | 20.20 |  |  |  |  |  |  |  |  |
Nonvested shares at July 11, 2020 |  |  | 399 |  |  | $ | 20.63 |  |  |  | 2.23 |  |  | $ | 6,425 |
Vesting of Time-Based Restricted Stock Units | The table below presents the accumulated dividends on vested shares and the tax benefit/(expense) at vesting of the time-based restricted stock units (amounts in thousands).
Award Granted |  |  | Fiscal Year Vested |  |  | Dividends at Vesting (thousands) |  |  | Tax Benefit |  |  | Fair Value at Vesting |
| 2019 |  |  |  | 2020 |  |  | $ | 55 |  |  | $ | 57 |  |  | $ | 1,584 |
Deferred Stock Activity | The deferred stock activity for the twenty-eight weeks ended July 11, 2020 is set forth below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Unrecognized compensation cost |
Nonvested shares at December 28, 2019 |  |  | 49 |  |  | $ | 22.31 |  |  |  |  |  |  |  |  |
Vested |  |  | (49 | ) |  | $ | 22.31 |  |  |  |  |  |  |  |  |
Granted |  |  | 42 |  |  | $ | 22.76 |  |  |  |  |  |  |  |  |
Nonvested shares at July 11, 2020 |  |  | 42 |  |  | $ | 22.76 |  |  |  | 0.85 |  |  | $ | 805 |
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 11, 2020 and July 13, 2019, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |
|  | July 11, 2020 |  |  | July 13, 2019 |
Performance-contingent restricted stock awards |  | $ | 1,985 |  |  | $ | 508 |
TBRSU Shares |  |  | 703 |  |  |  | 354 |
Deferred and restricted stock |  |  | 254 |  |  |  | 270 |
Total stock-based compensation |  | $ | 2,942 |  |  | $ | 1,132 |
|  | For the Twenty-Eight Weeks Ended |
|  | July 11, 2020 |  |  | July 13, 2019 |
Performance-contingent restricted stock awards |  | $ | 4,599 |  |  | $ | 2,865 |
TBRSU Shares |  |  | 1,650 |  |  |  | 802 |
Deferred and restricted stock |  |  | 587 |  |  |  | 644 |
Total stock-based compensation |  | $ | 6,836 |  |  | $ | 4,311 |
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 |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
12/30/2018 |  |  | 440 |  |  | 3/1/2022 |  | $ | 21.58 |
5/23/2019 |  |  | 11 |  |  | 3/1/2022 |  | $ | 27.23 |
7/14/2019 |  |  | 5 |  |  | 3/1/2022 |  | $ | 23.32 |
10/6/2019 |  |  | 2 |  |  | 3/1/2022 |  | $ | 22.52 |
12/29/2019 |  |  | 331 |  |  | 2/28/2023 |  | $ | 25.00 |
4/19/2020 |  |  | 8 |  |  | 2/28/2023 |  | $ | 23.14 |
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 |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
12/30/2018 |  |  | 440 |  |  | 3/1/2022 |  | $ | 18.29 |
5/23/2019 |  |  | 11 |  |  | 3/1/2022 |  | $ | 23.08 |
7/14/2019 |  |  | 5 |  |  | 3/1/2022 |  | $ | 23.32 |
10/6/2019 |  |  | 2 |  |  | 3/1/2022 |  | $ | 22.52 |
12/29/2019 |  |  | 331 |  |  | 2/28/2023 |  | $ | 21.74 |
4/19/2020 |  |  | 8 |  |  | 2/28/2023 |  | $ | 23.14 |

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