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Share-Based Compensation
 9 Months Ended
Oct. 04, 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 $0.6 million ($0.02 per diluted share) and $0.5 million ($0.02 per diluted share) for the 12 weeks ended October 4, 2014 and October 12, 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 $3.7 million ($0.10 per diluted share) and $1.8 million ($0.8 per diluted share) for the 40 weeks ended October 4, 2014 and October 12, 2013, respectively.

The following table summarizes activity in the share-based compensation plans for the 40 weeks ended October 4, 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

 

 

—

 

 

 

—

 

 

 

317,576

 

 

 

22.63

 

Exercised/Vested

 

 

(64,120

)

 

 

12.17

 

 

 

(219,894

)

 

 

16.41

 

Cancelled/Forfeited

 

 

(4,131

)

 

 

3.25

 

 

 

(11,840

)

 

 

21.82

 

 

Outstanding at October 4, 2014

 

 

518,515

 

 

$

20.31

 

 

 

604,677

 

 

$

23.09

 

 

Vested and expected to vest in the future at October 4, 2014

 

 

518,515

 

 

$

20.31

 

 

 

 

 

 

 

 

 

 

Exercisable at October 4, 2014

 

 

518,515

 

 

$

20.31

 

 

 

 

 

 

 

 

 

There were no stock options granted during the 40 weeks ended October 4, 2014 and October 12, 2013.

As of October 4, 2014, total unrecognized compensation cost related to non-vested share-based awards granted under our stock incentive plans was $5.6 million for restricted stock. The remaining compensation costs not yet recognized are expected to be recognized over a weighted average period of 2.4 years for restricted stock. All compensation costs related to stock options have been recognized.