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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 14, 2018
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

 

(In thousands)

July 14, 2018

 

 

July 15, 2017

 

 

July 14, 2018

 

 

July 15, 2017

 

Restricted stock

$

 

977

 

 

$

 

1,139

 

 

$

 

6,267

 

 

$

 

7,491

 

Tax benefits

 

 

(255

)

 

 

 

(427

)

 

 

 

(929

)

 

 

 

(2,810

)

Stock-based compensation expense, net of tax

$

 

722

 

 

$

 

712

 

 

$

 

5,338

 

 

$

 

4,681

 

 

Summary of Stock-Based Compensation Activity

The following table summarizes activity in the stock-based compensation plans for the 28 weeks ended July 14, 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

 

 

 

 

 

 

 

 

480,936

 

 

 

 

16.99

 

Exercised/Vested

 

 

 

 

 

 

 

 

(255,741

)

 

 

 

28.90

 

Cancelled/Forfeited

 

(14,400

)

 

 

 

22.69

 

 

 

(4,691

)

 

 

 

25.99

 

Outstanding at July 14, 2018

 

33,528

 

 

$

 

13.87

 

 

 

834,248

 

 

$

 

23.10