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Stock-Based Compensation (Tables)
4 Months Ended
Apr. 19, 2025
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:

 

16 Weeks Ended

 

(In thousands)

April 19, 2025

 

 

April 20, 2024

 

Restricted stock expense

$

 

1,112

 

 

$

 

2,082

 

Restricted stock unit expense

 

 

3,347

 

 

 

 

2,790

 

Performance share unit expense (benefit)

 

 

1,186

 

 

 

 

(1,152

)

Income tax benefit

 

 

(1,451

)

 

 

 

(925

)

Stock-based compensation expense, net of tax

$

 

4,194

 

 

$

 

2,795

 

Summary of Stock Incentive Plans Activity

The following table summarizes activity in the stock incentive plans for the 16 weeks ended April 19, 2025:

 

 

 

 

 

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 28, 2024

 

 

325,228

 

 

$

 

27.32

 

 

 

 

563,471

 

 

$

 

20.27

 

 

 

 

678,565

 

 

$

 

23.18

 

Granted

 

 

 

 

 

 

 

 

 

 

623,749

 

 

 

 

19.60

 

 

 

 

482,795

 

 

 

 

19.54

 

Vested

 

 

(206,731

)

 

 

 

27.49

 

 

 

 

(213,464

)

 

 

 

20.32

 

 

 

 

 

 

 

 

 

Cancelled/Forfeited

 

 

(5,602

)

 

 

 

27.35

 

 

 

 

(38,904

)

 

 

 

19.59

 

 

 

 

(49,707

)

 

 

 

21.46

 

Outstanding at April 19, 2025

 

 

112,895

 

 

$

 

27.00

 

 

 

 

934,852

 

 

$

 

19.84

 

 

 

 

1,111,653

 

 

$

 

21.68

 

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 April 19, 2025:

 

 

 

 

 

Weighted

 

Unrecognized

 

 

Average

 

Compensation

 

 

Recognition

 

Cost

 

 

Period

 

(In thousands)

 

 

(in years)

Restricted stock awards

$

 

1,860

 

 

 

0.9

Restricted stock units

 

 

14,515

 

 

 

2.2

Performance share units

 

 

14,025

 

 

 

2.2

Total

$

 

30,400

 

 

 

 

 

Summary of Share-based Payment Expense Recognized as a Reduction of Net Sales in Condensed Consolidated Statements of Operations

Warrant expense recognized as a reduction of "Net sales" in the condensed consolidated statements of earnings, and related tax benefits were as follows:

 

16 Weeks Ended

 

(In thousands)

April 19, 2025

 

 

April 20, 2024

 

Warrant expense

$

 

188

 

 

$

 

326

 

Income tax benefit

 

 

(26

)

 

 

 

(42

)

Warrant expense, net of tax

$

 

162

 

 

$

 

284