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Stock-Based Compensation

4 Months Ended

Apr. 20, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

Note 11 – Stock-Based Compensation

The Company has a shareholder-approved stock incentive plan that 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.

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:

	16 Weeks Ended
(In thousands)	April 20, 2019					April 21, 2018
Restricted stock	$		5,383			$		5,290
Tax benefits			(866	)				(698	)
Stock-based compensation expense, net of tax	$		4,517			$		4,592

The following table summarizes activity in the stock-based compensation plans for the 16 weeks ended April 20, 2019:

														Weighted
	Shares				Weighted					Restricted				Average
	Under				Average					Stock				Grant-Date
	Options				Exercise Price					Awards				Fair Value
Outstanding at December 29, 2018		13,052			$		13.87				822,819			$		23.07
Granted		—					—				444,337					18.44
Exercised/Vested		(13,052	)				13.87				(337,673	)				23.26
Cancelled/Forfeited		—					—				(9,926	)				20.40
Outstanding at April 20, 2019		—			$		—				919,557			$		20.79

As of April 20, 2019, total unrecognized compensation costs related to non-vested restricted stock awards granted under the Company’s stock incentive plans are $6.8 million and are expected to be recognized over a weighted average period of 2.8 years.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-URI http://asc.fasb.org/subtopic&trid=2208855

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