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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 12, 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:

 

12 Weeks Ended

 

 

28 Weeks Ended

 

(In thousands)

July 12, 2025

 

 

July 13, 2024

 

 

July 12, 2025

 

 

July 13, 2024

 

Restricted stock expense

$

 

471

 

 

$

 

1,179

 

 

$

 

1,583

 

 

$

 

3,261

 

Restricted stock unit expense

 

 

1,630

 

 

 

 

874

 

 

 

 

4,977

 

 

 

 

3,664

 

Performance share unit expense (benefit)

 

 

1,024

 

 

 

 

(197

)

 

 

 

2,210

 

 

 

 

(1,349

)

Income tax benefit

 

 

(850

)

 

 

 

(517

)

 

 

 

(2,301

)

 

 

 

(1,442

)

Stock-based compensation expense, net of tax

$

 

2,275

 

 

$

 

1,339

 

 

$

 

6,469

 

 

$

 

4,134

 

 

Summary of Stock Incentive Plans Activity

The following table summarizes activity in the stock incentive plans for the 28 weeks ended July 12, 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

 

 

 

 

 

 

 

 

 

 

637,132

 

 

 

 

19.57

 

 

 

 

490,887

 

 

 

 

19.52

 

Vested

 

 

(210,378

)

 

 

 

27.52

 

 

 

 

(213,464

)

 

 

 

20.32

 

 

 

 

 

 

 

 

 

Cancelled/Forfeited

 

 

(15,023

)

 

 

 

27.00

 

 

 

 

(130,143

)

 

 

 

19.74

 

 

 

 

(134,604

)

 

 

 

21.37

 

Outstanding at July 12, 2025

 

 

99,827

 

 

$

 

26.93

 

 

 

 

856,996

 

 

$

 

19.82

 

 

 

 

1,034,848

 

 

$

 

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 July 12, 2025:

 

 

 

 

 

Weighted

 

Unrecognized

 

 

Average

 

Compensation

 

 

Recognition

 

Cost

 

 

Period

 

(In thousands)

 

 

(in years)

Restricted stock awards

$

 

1,190

 

 

 

0.6

Restricted stock units

 

 

11,304

 

 

 

1.9

Performance share units

 

 

11,497

 

 

 

2.0

Total

$

 

23,991

 

 

 

 

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:

 

12 Weeks Ended

 

 

28 Weeks Ended

 

(In thousands)

July 12, 2025

 

 

July 13, 2024

 

 

July 12, 2025

 

 

July 13, 2024

 

Warrant expense

$

 

110

 

 

$

 

190

 

 

$

 

298

 

 

$

 

516

 

Income tax benefit

 

 

(7

)

 

 

 

(13

)

 

 

 

(33

)

 

 

 

(55

)

Warrant expense, net of tax

$

 

103

 

 

$

 

177

 

 

$

 

265

 

 

$

 

461

 

Summary of Stock Warrant Activity

The following table summarizes stock warrant activity for the 28 weeks ended July 12, 2025:

 

 

 

 

 

Warrant

 

Outstanding and nonvested at December 28, 2024

 

 

 

 

 

3,044,865

 

Vested

 

 

 

 

 

(108,746

)

Outstanding and nonvested at July 12, 2025

 

 

 

 

 

2,936,119