XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.20.2

Stock-Based Compensation | 9 Months Ended
--- | ---
Oct. 03, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock-Based Compensation | Note 11 – Stock-Based Compensation The Company previously sponsored a shareholder-approved stock incentive plan (the “2015 Plan”) that provided 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. 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 2020 Plan provides for 1,635,000 newly reserved shares plus the 736,578 shares previously available for grant under the 2015 Plan. Stock-based compensation expense recognized and included in “Selling, general and administrative expenses” in the condensed consolidated statements of operations, and related tax impacts were as follows:
| 12 Weeks Ended |  |  | 40 Weeks Ended |
(In thousands) | October 3, 2020 |  |  | October 5, 2019 |  |  | October 3, 2020 |  |  | October 5, 2019 |
Restricted stock | $ |  | 1,033 |  |  | $ |  | 637 |  |  | $ |  | 5,279 |  |  | $ |  | 6,735 |
Income tax benefit |  |  | (289 | ) |  |  |  | (163 | ) |  |  |  | (564 | ) |  |  |  | (1,148 | )
Stock-based compensation expense, net of tax | $ |  | 744 |  |  | $ |  | 474 |  |  | $ |  | 4,715 |  |  | $ |  | 5,587 |
The following table summarizes activity in the Plans for the 40 weeks ended October 3, 2020:
|  |  |  |  |  | Weighted |
|  | Restricted |  |  | Average |
|  | Stock |  |  | Grant-Date |
|  | Awards |  |  | Fair Value |
Outstanding at December 28, 2019 | $ |  | 928,733 |  |  | $ |  | 20.28 |
Granted |  |  | 501,934 |  |  |  |  | 15.90 |
Vested |  |  | (366,746 | ) |  |  |  | 21.85 |
Cancelled/Forfeited |  |  | (45,512 | ) |  |  |  | 16.39 |
Outstanding at October 3, 2020 | $ |  | 1,018,409 |  |  | $ |  | 17.73 |
As of October 3, 2020, total unrecognized compensation cost related to non-vested restricted stock awards granted under the Company’s stock incentive plan is $7.0 million and is expected to be recognized over a weighted average period of 2.6 years.

X
- 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
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration