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Stock-Based Compensation
 12 Months Ended
Dec. 28, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation
Under the Equity Incentive Plan (the “Plan”), the Company may grant stock options (both incentive and nonqualified), stock appreciation rights, restricted stock and performance awards to key employees associated with the Company’s Class A stock. The Plan provides that the maximum number of shares available for grants is 10 percent of the outstanding Class A stock, adjusted for Plan activity over the preceding five years. Shares available for future grants at year-end 2014 under the Plan were 1,170,406. The Company issues shares out of treasury stock to satisfy stock-based awards. The Company presently has no intent to repurchase additional shares for the purpose of satisfying stock-based awards. 
The Company recognized stock-based compensation cost of $7.6 million in 2014 and $6.0 million in 2013 and 2012, as well as related tax benefits of $2.9 million in 2014 and $2.3 million in 2013 and 2012. 
Restricted Stock
Restricted stock, which typically vests over 4 years, is issued to certain key employees and is subject to forfeiture until the end of an established restriction period. The Company utilizes the market price of its Class A stock on the date of grant as the fair value of restricted stock and expenses the fair value on a straight-line basis over the vesting period. 
A summary of the status of nonvested restricted stock under the Plan as of year-end 2014 and changes during this period is presented as follows:
 
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
Nonvested at year-end 2013
1,128,600

 
$
17.06

Granted
539,600

 
15.63

Vested
(423,925
)
 
16.92

Forfeited
(51,725
)
 
16.98

Nonvested at year-end 2014
1,192,550

 
$
16.47


As of year-end 2014, unrecognized compensation cost related to unvested restricted stock totaled $16.4 million. The weighted average period over which this cost is expected to be recognized is approximately two years. The weighted average grant date fair value per share of restricted stock granted during 2014, 2013 and 2012 was $15.63, $19.74 and $12.98, respectively. The total fair value of restricted stock, which vested during 2014, 2013 and 2012, was $7.1 million, $6.5 million and $4.1 million, respectively. 
Stock Options
Under the terms of the Plan, stock options may not be granted at prices less than the fair value of the Company’s Class A stock on the date of grant, nor for a term exceeding 10 years, and typically vest over 3 years. The Company expenses the fair value of stock option grants on a straight-line basis over the vesting period. No stock options were granted in 2014, 2013 and 2012. 
A summary of the status of stock option grants under the Plan as of year-end 2014 and changes during this period is presented as follows:
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding at year-end 2013
162,613

 
$
27.84

 
 
 
 

Granted
—

 
—

 
 
 
 

Exercised
—

 
—

 
 
 
 

Forfeited
—

 
—

 
 
 
 

Expired
(129,613
)
 
27.96

 
 
 
 

Outstanding at year-end 2014
33,000

 
$
27.37

 
0.65
 
$
—

Options exercisable at year-end 2014
33,000

 
$
27.37

 
0.65
 
$
—

 
The table above includes 24,000 of non-employee director shares outstanding at year-end 2014.
As of year-end 2014, there was no unrecognized compensation cost related to unvested stock options. No stock options were exercised in 2014, 2013 and 2012. 
Windfall tax benefits, which were included in the “Other financing activities” component of net cash from financing activities in the consolidated statements of cash flows, totaled $0.4 million in 2014, $0.5 million for 2013 and was insignificant for 2012.