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Stock-Based Compensation (Tables)
12 Months Ended
Jan. 03, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the three years ended January 3, 2015:

 

 

  

Shares
Under
Options

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Life Years

 

Aggregate
Intrinsic Value
(In thousands)

 

Options outstanding at March 31, 2012

  

 

703,129

  

 

18.43

  

 

5.53

  

 

1,926

  

Exercised

  

 

(25,050

 

8.10

  

 

 

 

 

210

  

Cancelled/Forfeited

  

 

(24,608

 

18.64

  

 

 

 

 

 

 

Options outstanding at March 30, 2013

  

 

653,471

  

 

18.82

  

 

4.65

  

 

1,428

  

Exercised

  

 

(24,976

 

9.49

  

 

 

 

 

298

  

Cancelled/Forfeited

  

 

(41,729

 

17.71

  

 

 

 

 

 

 

Options outstanding at December 28, 2013

  

 

586,766

  

 

19.30

  

 

4.01

  

 

2,965

  

Exercised

  

 

(88,152

 

12.68

  

 

 

 

 

869

  

Cancelled/Forfeited

  

 

(4,131

 

3.25

  

 

 

 

 

 

 

Options outstanding at January 3, 2015

  

 

494,483

  

 

20.61

  

 

3.30

  

 

2,772

  

Options exercisable at March 30, 2013

  

 

619,658

  

 

19.09

  

 

4.57

  

 

1,304

  

Options exercisable at December 28, 2013

  

 

586,766

  

 

19.30

  

 

4.01

  

 

2,965

  

Options exercisable at January 3, 2015

  

 

494,483

  

$

20.61

  

 

3.30

  

$

2,772

  

Vested and expected to vest in the future at January 3, 2015

  

 

494,483

  

$

20.61

  

 

 

 

$

2,772

  

 

Summary of Restricted Stock Activity

The following table summarizes restricted stock activity for fiscal year ended January 3, 2015, the 39 week period ended December 28, 2013 and fiscal year ended March 30, 2013:

 

 

  

Shares

 

 

Weighted
Average
Grant-Date
Fair Value

 

Outstanding and nonvested at March 31, 2012

  

 

580,893

  

 

 

16.48

  

Granted

  

 

215,014

  

 

 

17.78

  

Vested

  

 

(217,737

 

 

17.47

  

Forfeited

  

 

(31,988

 

 

16.52

  

Outstanding and nonvested at March 30, 2013

  

 

546,182

  

 

 

16.59

  

Granted

  

 

227,207

  

 

 

18.07

  

Vested

  

 

(225,600

 

 

16.94

  

Forfeited

  

 

(28,954

 

 

16.94

  

Outstanding and nonvested at December 28,
2013

  

 

518,835

  

 

$

23.56

  

Granted

  

 

317,827

  

 

 

22.63

  

Vested

  

 

(219,894

 

 

23.56

  

Forfeited

  

 

(16,115

 

 

23.03

  

Outstanding and nonvested at January 3, 2015

  

 

600,653

  

 

$

23.08

  

 

Schedule of Compensation Cost for Share-Based Payment Arrangements, Allocation of Share-Based Compensation Costs

Share-based compensation expense recognized and included in “Selling, general and administrative expenses” in the Consolidated Statements of Earnings and related tax benefits were as follows:

 

(In thousands)

  

January 3,

2015

 

December 28,
2013

 

March 31,
2013

 

Stock options

  

$

-

  

$

14

  

$

196

  

Restricted stock

  

 

6,939

  

 

6,937

  

 

3,866

  

Tax benefits

  

 

(2,632

 

(2,640

 

(1,572

 

  

$

4,307

  

$

4,311

  

$

2,490