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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 15, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Allocation of Stock-Based Compensation Expense in Condensed Consolidated Statements of Earnings

Stock-based compensation expense recognized and included in “Selling, general and administrative expenses” in the condensed consolidated statements of earnings, and related tax benefits were as follows

 

 

12 Weeks Ended

 

 

28 Weeks Ended

 

 

July 15,

 

 

July 16,

 

 

July 15,

 

 

July 16,

 

(In thousands)

2017

 

 

2016

 

 

2017

 

 

2016

 

Restricted stock

$

 

1,139

 

 

$

 

1,043

 

 

$

 

7,491

 

 

$

 

6,067

 

Tax benefits

 

 

(427

)

 

 

 

(395

)

 

 

 

(2,810

)

 

 

 

(2,300

)

Stock-based compensation expense, net of tax

$

 

712

 

 

$

 

648

 

 

$

 

4,681

 

 

$

 

3,767

 

 

Summary of Stock-Based Compensation Activity

The following table summarizes activity in the stock-based compensation plans for the 28 weeks ended July 15, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Shares

 

 

Weighted

 

 

Restricted

 

 

Average

 

 

Under

 

 

Average

 

 

Stock

 

 

Grant-Date

 

 

Options

 

 

Exercise Price

 

 

Awards

 

 

Fair Value

 

Outstanding at December 31, 2016

 

200,517

 

 

$

 

19.94

 

 

 

660,143

 

 

$

 

26.48

 

Granted

 

 

 

 

 

 

 

 

292,205

 

 

 

 

34.82

 

Exercised/Vested

 

(152,589

)

 

 

 

21.02

 

 

 

(253,280

)

 

 

 

25.85

 

Cancelled/Forfeited

 

 

 

 

 

 

 

 

(75,951

)

 

 

 

29.03

 

Outstanding at July 15, 2017

 

47,928

 

 

$

 

16.52

 

 

 

623,117

 

 

$

 

30.34