XML 37 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Stock-Based Compensation (Tables) | 6 Months Ended
--- | ---
Jul. 13, 2024
Share-Based Payment Arrangement [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 earnings, and related tax impacts were as follows:
| 12 Weeks Ended |  |  | 28 Weeks Ended |
(In thousands) | July 13, 2024 |  |  | July 15, 2023 |  |  | July 13, 2024 |  |  | July 15, 2023 |
Restricted stock expense | $ |  | 1,179 |  |  | $ |  | 1,896 |  |  | $ |  | 3,261 |  |  | $ |  | 6,697 |
Restricted stock unit expense |  |  | 874 |  |  |  |  | — |  |  |  |  | 3,664 |  |  |  |  | — |
Performance share unit (benefit) expense |  |  | (197 | ) |  |  |  | 569 |  |  |  |  | (1,349 | ) |  |  |  | 915 |
Income tax benefit |  |  | (517 | ) |  |  |  | (742 | ) |  |  |  | (1,442 | ) |  |  |  | (2,909 | )
Stock-based compensation expense, net of tax | $ |  | 1,339 |  |  | $ |  | 1,723 |  |  | $ |  | 4,134 |  |  | $ |  | 4,703 |
Summary of Stock Incentive Plans Activity | The following table summarizes activity in the stock incentive plans for the 28 weeks ended July 13, 2024:
|  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |
| Restricted |  |  | Average |  |  | Restricted |  |  | Average |  |  | Performance |  |  | Average |
| Stock |  |  | Grant-Date |  |  | Stock |  |  | Grant-Date |  |  | Share |  |  | Grant-Date |
| Awards |  |  | Fair Value |  |  | Units |  |  | Fair Value |  |  | Units |  |  | Fair Value |
Outstanding at December 30, 2023 |  |  | 819,457 |  |  | $ |  | 24.92 |  |  |  |  | — |  |  | $ |  | — |  |  |  |  | 290,310 |  |  | $ |  | 27.00 |
Granted |  |  | — |  |  |  |  | — |  |  |  |  | 580,063 |  |  |  |  | 20.29 |  |  |  |  | 413,207 |  |  |  |  | 20.53 |
Vested |  |  | (460,364 | ) |  |  |  | 23.16 |  |  |  |  | (15,490 | ) |  |  |  | 20.41 |  |  |  |  | — |  |  |  |  | — |
Cancelled/Forfeited |  |  | (12,981 | ) |  |  |  | 26.77 |  |  |  |  | (11,631 | ) |  |  |  | 20.41 |  |  |  |  | (10,294 | ) |  |  |  | 23.39 |
Outstanding at July 13, 2024 |  |  | 346,112 |  |  | $ |  | 27.19 |  |  |  |  | 552,942 |  |  | $ |  | 20.28 |  |  |  |  | 693,223 |  |  | $ |  | 23.20 |
Summarizes the Unrecognized Compensation Cost and Weighted Average Recognition Period For Awards Granted Under the Company's Stock Incentive Plans | The following table summarizes the unrecognized compensation cost and weighted average recognition period for awards granted under the Company's stock incentive plans as of July 13, 2024:
|  |  |  |  | Weighted
| Unrecognized |  |  | Average
| Compensation |  |  | Recognition
| Cost |  |  | Period
| (In thousands) |  |  | (in years)
Restricted stock awards | $ |  | 5,476 |  |  |  | 1.3
Restricted stock units |  |  | 7,895 |  |  |  | 2.4
Performance share units |  |  | 7,664 |  |  |  | 2.4
Total | $ |  | 21,035 |  |  |  |
Summary of Share-based Payment Expense Recognized as a Reduction of Net Sales in Condensed Consolidated Statements of Operations | Share-based payment expense recognized as a reduction of “Net sales” in the condensed consolidated statements of earnings, and related tax benefits were as follows:
| 12 Weeks Ended |  |  | 28 Weeks Ended |
(In thousands) | July 13, 2024 |  |  | July 15, 2023 |  |  | July 13, 2024 |  |  | July 15, 2023 |
Warrant expense | $ |  | 190 |  |  | $ |  | 353 |  |  | $ |  | 516 |  |  | $ |  | 960 |
Income tax benefit |  |  | (13 | ) |  |  |  | (31 | ) |  |  |  | (55 | ) |  |  |  | (95 | )
Warrant expense, net of tax | $ |  | 177 |  |  | $ |  | 322 |  |  | $ |  | 461 |  |  | $ |  | 865 |
Summary of Stock Warrant Activity | The following table summarizes stock warrant activity for the 28 weeks ended July 13, 2024:
|  |  |  |  |  |  |  | Warrant |
Outstanding and nonvested at December 30, 2023 |  |  |  |  |  |  |  |  | 3,262,357 |
Vested |  |  |  |  |  |  |  |  | (108,746 | )
Outstanding and nonvested at July 13, 2024 |  |  |  |  |  |  |  |  | 3,153,611 |

X
- Definition Summary of shared-based payment expense recognized as reduction of net sales. + References No definition available. + Details
Name: | sptn_SummaryOfSharedBasedPaymentExpenseRecognizedAsReductionOfNetSalesTableTextBlock
Namespace Prefix: | sptn_
Data Type: | dtr-types: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

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration