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Share Based Compensation
 4 Months Ended
Apr. 25, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share Based Compensation

Note 10 Share Based Compensation

SpartanNash has two 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 $2.9 million ($0.08 per diluted share) and $2.4 million ($0.06 per diluted share) for the 16 weeks ended April 25, 2015 and April 19, 2014, 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 25, 2015:

 

 

Shares

 

 

Weighted

 

 

Restricted

 

 

Weighted Average

 

 

Under

 

 

Average

 

 

Stock

 

 

Grant-Date

 

 

Options

 

 

Exercise Price

 

 

Awards

 

 

Fair Value

 

Outstanding at January 3, 2015

 

494,483

 

 

$

 

20.61

 

 

 

600,653

 

 

 

23.08

 

Granted

 

—

 

 

 

 

—

 

 

 

311,622

 

 

 

26.55

 

Exercised/Vested

 

(91,875

)

 

 

 

21.99

 

 

 

(112,360

)

 

 

22.68

 

Cancelled/Forfeited

 

—

 

 

 

 

—

 

 

 

(6,943

)

 

 

21.40

 

Outstanding at April 25, 2015

 

402,608

 

 

$

 

20.30

 

 

 

792,972

 

 

 

24.50

 

Vested and expected to vest in the future at

   April 25, 2015

 

402,608

 

 

$

 

20.30

 

 

 

 

 

 

 

 

 

Exercisable at April 25, 2015

 

402,608

 

 

$

 

20.30

 

 

 

 

 

 

 

 

 

There were no stock options granted during the 16 weeks ended April 25, 2015 and April 19, 2014.

As of April 25, 2015, total unrecognized compensation cost related to non-vested share-based awards granted under our stock incentive plans was $8.0 million for restricted stock. The remaining compensation costs not yet recognized are expected to be recognized over a weighted average period of 2.8 years for restricted stock. All compensation costs related to stock options have been recognized.