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Share-Based Compensation
 4 Months Ended
Apr. 19, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation

Note 10 Share-Based Compensation

SpartanNash has three shareholder-approved stock incentive plans that provide for the granting of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, stock awards, and other stock-based awards to directors, officers and other key associates.

SpartanNash accounts for share-based compensation awards in accordance with the provisions of ASC Topic 718 which requires that share-based payment transactions be accounted for using a fair value method and the related compensation cost recognized in the condensed consolidated financial statements over the period that an employee is required to provide services in exchange for the award. SpartanNash recognized share-based compensation expense (net of tax) of $2.4 million ($0.06 per diluted share) and $0.7 million ($0.03 per diluted share) for the 16 weeks ended April 19, 2014 and April 27, 2013, respectively, as a component of Operating expenses and Income taxes in the Condensed Consolidated Statements of Earnings.

The following table summarizes activity in the share-based compensation plans for the 16 weeks ended April 19, 2014:

 

    
Shares
Under
Options		    
Weighted
Average
Exercise Price		     
Restricted
Stock
Awards		     Weighted
Average
Grant-Date
Fair Value		  

Outstanding at December 28, 2013

      586,766      $ 19.30         518,835      $ 23.56   

Granted

      —          —           305,664        22.63   

Exercised/Vested

      (52,306 )      12.56         —          —     

Cancelled/Forfeited

      —          —           (5,220 )      22.69   
  

 

 

    

 

 

     

 

 

    

 

 

  

Outstanding at April 19, 2014

      534,460      $ 19.96         819,279      $ 23.22   
  

 

 

    

 

 

     

 

 

    

 

 

  

Vested and expected to vest in the future at April 19, 2014

      534,460      $ 19.96        
  

 

 

    

 

 

       

Exercisable at April 19, 2014

      534,460      $ 19.96        
  

 

 

    

 

 

       

There were no stock options granted during the 16 weeks ended April 19, 2014 and April 27, 2013.

As of April 19, 2014, total unrecognized compensation cost related to non-vested share-based awards granted under our stock incentive plans was $7.4 million for restricted stock. The remaining compensation costs not yet recognized are expected to be recognized over a weighted average period of 2.5 years for restricted stock. All compensation costs related to stock options have been recognized.