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Share Based Compensation | 12 Months Ended
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Jan. 02, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Share Based Compensation | Note 13 – Stock-Based Compensation The Company has a shareholder-approved 10-year stock incentive plan covering 2,500,000 shares of SpartanNash’s common stock. The SpartanNash Company Stock Incentive Plan of 2015 (the “2015 Plan”) provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, stock awards, and other stock-based and stock-related awards to directors, officers and other key associates. Shares issued, as a result of stock option exercises, will be funded with the issuance of new shares. Holders of restricted stock and stock awards are entitled to participate in cash dividends and dividend equivalents. As of January 2, 2016, a total of 2,497,027 shares remained unissued under the 2015 Plan. All outstanding unvested stock options and unvested shares of restricted stock vest immediately upon a “Change in Control,” as defined by the Plan. The Company has not issued any stock options since 2009 and all outstanding options are vested. The following table summarizes stock option activity for the three years ended January 2, 2016:
|  |  |  |  |  |  |  |  |  |  | Weighted |  |  |  |  |  |
|  |  |  |  |  | Weighted |  |  | Average |  |  |  |  |  |
|  |  |  |  |  | Average |  |  | Remaining |  |  | Aggregate |
| Shares |  |  | Exercise |  |  | Contractual |  |  | Intrinsic Value |
| Under Options |  |  | Price |  |  | Life Years |  |  | (in thousands) |
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 and exercisable 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 and exercisable at January 3, 2015 |  |  | 494,483 |  |  |  |  | 20.61 |  |  |  |  | 3.30 |  |  |  |  | 2,772 |
Exercised |  |  | (185,627 | ) |  |  |  | 19.72 |  |  |  |  |  |  |  |  |  | 1,543 |
Cancelled/Forfeited |  |  | (63 | ) |  |  |  | 11.50 |  |  |  |  |  |  |  |  |  |  |
Options outstanding and exercisable at January 2, 2016 |  |  | 308,793 |  |  | $ |  | 21.15 |  |  |  |  | 2.46 |  |  | $ |  | 773 |
Vested and expected to vest in the future at January 2, 2016 |  |  | 308,793 |  |  | $ |  | 21.15 |  |  |  |  |  |  |  |  |  |  |
Cash received from option exercises was $3.7 million, $1.1 million and $0.3 million during fiscal years ended January 2, 2016 and January 3, 2015 and for the 39-week period ended December 28, 2013, respectively. Restricted shares awarded to associates vest ratably over a four-year service period and over one year for grants to the Board of Directors. Awards are subject to forfeiture and certain transfer restrictions prior to vesting. All shares fully vest upon a “Change in Control,” as defined by the Plan. Compensation expense, representing the fair value of the stock at the measurement date of the award, is recognized over the required service period. On December 17, 2013, the Board of Directors approved a modification to the outstanding restricted stock awards to provide for continued vesting upon retirement. As a result, incremental expense of $4.2 million was recognized to reflect the cumulative compensation expense recognized over the required service period of each restricted shareholder. The following table summarizes restricted stock activity for fiscal years ended January 2, 2016 and January 3, 2015 and for the 39-week period ended December 28, 2013:
|  |  |  |  |  | Weighted Average |
|  |  |  |  |  | Grant-Date |
| Shares |  |  | Fair Value |
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 |
Granted |  |  | 314,595 |  |  |  |  | 26.59 |
Vested |  |  | (265,737 | ) |  |  |  | 23.19 |
Forfeited |  |  | (11,956 | ) |  |  |  | 23.85 |
Outstanding and nonvested at January 2, 2016 |  |  | 637,555 |  |  | $ |  | 24.75 |
The total fair value of shares vested during fiscal years ended January 2, 2016 and January 3, 2015 and for the 39-week period ended December 28, 2013 was $7.6 million, $4.7 million and $3.6 million, respectively. 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:
| January 2, 2016 |  |  | January 3, 2015 |  |  | December 28, 2013 |
(In thousands) | (52 Weeks) |  |  | (53 Weeks) |  |  | (39 Weeks) |
Stock options | $ |  | — |  |  | $ |  | — |  |  | $ |  | 14 |
Restricted stock |  |  | 7,240 |  |  |  |  | 6,939 |  |  |  |  | 6,937 |
Tax benefits |  |  | (2,758 | ) |  |  |  | (2,632 | ) |  |  |  | (2,640 | )
| $ |  | 4,482 |  |  | $ |  | 4,307 |  |  | $ |  | 4,311 |
As of January 2, 2016, total unrecognized compensation cost related to non-vested share-based awards granted under the 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. The Company recognized tax deductions of $9.5 million, $5.9 million and $4.1 million related to the exercise of stock options and the vesting of restricted stock during fiscal years ended January 2, 2016 and January 3, 2015 and for the 39-week period ended December 28, 2013, respectively. The Company has a stock bonus plan covering 300,000 shares of SpartanNash common stock. Under the provisions of this plan, certain officers and key associates may elect to receive a portion of their annual bonus in common stock rather than cash and will be granted additional shares of common stock worth 20% of the portion of the bonus they elect to receive in stock. After the shares are issued, the holder is not able to sell or otherwise transfer the shares until the end of the holding period, which is currently 24 months. Compensation expense is recorded based upon the market price of the stock as of the measurement date. A total of 47,926 shares remained unissued under the stock bonus plan at January 2, 2016. The Company also has an associate stock purchase plan covering 200,000 shares of SpartanNash common stock. The plan provides that associates of the Company may purchase shares at 95% of the fair market value. The associate stock purchase plan was suspended during the 39-week period ended December 28, 2013 in conjunction with the merger with Nash-Finch and cash balances were refunded to participants. The associate stock purchase plan was reinstated in April 2014. As of January 2, 2016, a total of 58,237 shares had been issued under the plan.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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