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Stock-Based Compensation (Tables) | 4 Months Ended
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Apr. 24, 2021
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 Activity | Performance-Contingent Restricted Stock The company’s performance-contingent restricted stock activity for the sixteen weeks ended April 24, 2021 is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at January 2, 2021 |  |  | 1,264 |  |  | $ | 21.85 |
Initial grant at target |  |  | 730 |  |  | $ | 24.69 |
Vested |  |  | — |  |  | $ | — |
Forfeited |  |  | (17 | ) |  | $ | 20.34 |
Nonvested shares at April 24, 2021 |  |  | 1,977 |  |  | $ | 22.89 |
Time-Based Restricted Stock Units Awards | The following TBRSU Shares have been granted under the Omnibus Plan during the first quarter of Fiscal 2021 (amounts in thousands, except price data):
Grant Date |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
1/3/2021 |  |  | 256 |  |  | Equally over 3 years |  | $ | 22.63 |
Time-Based Restricted Stock Units Activity | The TBRSU Shares activity for the sixteen weeks ended April 24, 2021 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 January 2, 2021 |  |  | 388 |  |  | $ | 20.64 |  |  |  |  |  |  |  |  |
Vested |  |  | (137 | ) |  | $ | 19.98 |  |  |  |  |  |  |  |  |
Granted |  |  | 256 |  |  | $ | 22.63 |  |  |  |  |  |  |  |  |
Forfeitures |  |  | (11 | ) |  | $ | 21.54 |  |  |  |  |  |  |  |  |
Nonvested shares at April 24, 2021 |  |  | 496 |  |  | $ | 21.83 |  |  |  | 2.20 |  |  | $ | 8,871 |
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 |
| 2020 |  |  |  | 2021 |  |  | $ | 53 |  |  | $ | 16 |  |  | $ | 1,520 |
| 2019 |  |  |  | 2021 |  |  | $ | 107 |  |  | $ | 77 |  |  | $ | 1,582 |
| 2019 |  |  |  | 2020 |  |  | $ | 55 |  |  | $ | 57 |  |  | $ | 1,831 |
Deferred Stock Activity | The deferred stock activity for the sixteen weeks ended April 24, 2021 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 January 2, 2021 |  |  | 52 |  |  | $ | 23.21 |  |  |  |  |  |  |  |  |
Vested |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Granted |  |  | 2 |  |  | $ | 22.63 |  |  |  |  |  |  |  |  |
Nonvested shares at April 24, 2021 |  |  | 54 |  |  | $ | 23.19 |  |  |  | 0.23 |  |  | $ | 149 |
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 24, 2021 and April 18, 2020, respectively (amounts in thousands):
|  | For the Sixteen Weeks Ended |
|  | April 24, 2021 |  |  | April 18, 2020 |
Performance-contingent restricted stock awards |  | $ | 5,289 |  |  | $ | 2,614 |
TBRSU Shares |  |  | 1,467 |  |  |  | 947 |
Deferred and restricted stock |  |  | 426 |  |  |  | 333 |
Total stock-based compensation |  | $ | 7,182 |  |  | $ | 3,894 |
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 during the first quarter of Fiscal 2021 under the Omnibus Plan (amounts in thousands, except price data):
Grant Date |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
1/3/2021 |  |  | 365 |  |  | 3/1/2024 |  | $ | 26.75 |
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 during the first quarter of Fiscal 2021 (amounts in thousands, except price data):
Grant Date |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
1/3/2021 |  |  | 365 |  |  | 3/1/2024 |  | $ | 22.63 |

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