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Stock-Based Compensation (Tables)
4 Months Ended
Apr. 21, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Allocation of Stock-Based Compensation Expense in Condensed Consolidated Statements of Operations

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

 

 

16 Weeks Ended

 

(In thousands)

April 21, 2018

 

 

April 22, 2017

 

Restricted stock

$

 

5,290

 

 

$

 

6,352

 

Tax benefits

 

 

(698

)

 

 

 

(3,434

)

Stock-based compensation expense, net of tax

$

 

4,592

 

 

$

 

2,918

 

 

Summary of Stock-Based Compensation Activity

The following table summarizes activity in the stock-based compensation plans for the 16 weeks ended April 21, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Shares

 

 

Weighted

 

 

Restricted

 

 

Average

 

 

Under

 

 

Average

 

 

Stock

 

 

Grant-Date

 

 

Options

 

 

Exercise Price

 

 

Awards

 

 

Fair Value

 

Outstanding at December 30, 2017

 

47,928

 

 

$

 

16.52

 

 

 

613,744

 

 

$

 

30.32

 

Granted

 

 

 

 

 

 

 

 

472,456

 

 

 

 

16.96

 

Exercised/Vested

 

 

 

 

 

 

 

 

(251,595

)

 

 

 

28.80

 

Cancelled/Forfeited

 

 

 

 

 

 

 

 

(4,691

)

 

 

 

25.99

 

Outstanding at April 21, 2018

 

47,928

 

 

$

 

16.52

 

 

 

829,914

 

 

$

 

23.20