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Stock-Based Compensation | 4 Months Ended
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Apr. 18, 2020
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 (the “2015 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 impacts were as follows:
| 16 Weeks Ended |
(In thousands) | April 18, 2020 |  |  | April 20, 2019 |
Restricted stock | $ |  | 2,342 |  |  | $ |  | 5,383 |
Income tax expense (benefit) |  |  | 224 |  |  |  |  | (866 | )
Stock-based compensation expense, net of tax | $ |  | 2,566 |  |  | $ |  | 4,517 |
The following table summarizes activity in the 2015 Plan for the 16 weeks ended April 18, 2020:
|  |  |  |  |  | Weighted |
|  | Restricted |  |  | Average |
|  | Stock |  |  | Grant-Date |
|  | Awards |  |  | Fair Value |
Outstanding at December 28, 2019 | $ |  | 928,733 |  |  | $ |  | 20.28 |
Granted |  |  | 292,884 |  |  |  |  | 12.43 |
Exercised/Vested |  |  | (361,446 | ) |  |  |  | 21.71 |
Cancelled/Forfeited |  |  | (15,757 | ) |  |  |  | 19.10 |
Outstanding at April 18, 2020 | $ |  | 844,414 |  |  | $ |  | 16.97 |
As of April 18, 2020, total unrecognized compensation cost related to non-vested restricted stock awards granted under the Company’s stock incentive plan is $5.9 million and is expected to be recognized over a weighted average period of 2.7 years. On May 20, 2020 the Company’s shareholders approved a new stock incentive plan (“the 2020 Plan”). The 2020 Plan provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance share units, dividend equivalent rights, and other stock-based and stock-related awards to directors, employees, or contractors of the Company, as determined by the Compensation Committee of the Board of Directors. The number of shares of the Company’s common stock that may be issued under the 2020 Stock Plan consists of 1,635,000 newly reserved shares plus the 734,341 remaining shares available for grant under the 2015 Stock Plan.

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- Definition The entire disclosure for share-based payment arrangement. + 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 + Details
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