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Share-Based Compensation
 6 Months Ended
Jul. 12, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation

Note 11 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 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 $0.7 million ($0.02 per diluted share) and $0.6 million ($0.03 per diluted share) for the 12 weeks ended July 12, 2014 and July 20, 2013, respectively, as a component of Operating expenses and Income taxes in the Condensed Consolidated Statements of Earnings. Share-based compensation expense (net of tax) was $3.1 million ($0.08 per diluted share) and $1.3 million ($0.06 per diluted share) for the 28 weeks ended July 12, 2014 and July 20, 2013, respectively.

 

The following table summarizes activity in the share-based compensation plans for the 28 weeks ended July 12, 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

      —          —           310,612        22.66   

Exercised/Vested

      (54,120 )      12.27         (219,894 )      16.41   

Cancelled/Forfeited

      (4,131 )      3.25         (10,656 )      21.71   
  

 

 

    

 

 

     

 

 

    

 

 

  

Outstanding at July 12, 2014

      528,515      $ 20.14         598,897      $ 23.10   
  

 

 

    

 

 

     

 

 

    

 

 

  

Vested and expected to vest in the future at July 12, 2014

      528,515      $ 20.14        
  

 

 

    

 

 

       

Exercisable at July 12, 2014

      528,515      $ 20.14        
  

 

 

    

 

 

       

There were no stock options granted during the 28 weeks ended July 12, 2014 and July 20, 2013.

As of July 12, 2014, total unrecognized compensation cost related to non-vested share-based awards granted under our stock incentive plans was $6.3 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.