STOCK BASED COMPENSATION (Tables)

4 Months Ended

Apr. 25, 2015

Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises

The cash received, the windfall tax benefit, and intrinsic value from stock option exercises for the sixteen weeks ended April 25, 2015 and April 19, 2014 were as follows (amounts in thousands):

	April 25, 2015		April 19, 2014
Cash received from option exercises	$	2,082	$	5,083
Cash tax windfall, net	$	610	$	1,333
Intrinsic value of stock options exercised	$	2,054	$	4,627

Payout Determined from Total Shareholder Return Shares

The Company TSR compared to the Peer Group TSR will determine the payout as set forth below:

Percentile	Payout as % of Target
90th		200	%
70th		150	%
50th		100	%
30th		50	%
Below 30th		0	%

Deferred Stock Activity

The deferred stock activity for the sixteen weeks ended April 25, 2015 is set forth below (amounts in thousands, except price data):

	Shares		Weighted Average Fair Value		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Nonvested shares at January 3, 2015		151	$	21.06
Deferred stock granted		5	$	22.08
Nonvested at April 25, 2015		156	$	21.04		1.45	$	3,499

Stock Appreciation Rights Activity

The rights activity for the sixteen weeks ended April 25, 2015 is set forth below (amounts in thousands except price data):

	Rights		Weighted Average Fair Value		Aggregate Liability
Outstanding at January 3, 2015		29	$	8.47
Rights exercised		—		—
Outstanding at April 25, 2015		29	$	8.47	$	405

Summary of Company's Stock Based Compensation Expense

The following table summarizes the company’s stock based compensation expense for the sixteen weeks ended April 25, 2015 and April 19, 2014 (amounts in thousands):

	For the Sixteen Weeks Ended
	April 25, 2015		April 19, 2014
Stock options	$	—	$	197
Performance-contingent restricted stock awards		6,556		4,757
Deferred and restricted stock		642		662
Stock appreciation rights		91		(133	)
Total stock based compensation	$	7,289	$	5,483

Stock Option

Stock Option Activity

The stock option activity for the sixteen weeks ended April 25, 2015 pursuant to the EPIP is set forth below (amounts in thousands, except price data):

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 3, 2015		6,191		$	10.88
Exercised		(192	)	$	10.82
Outstanding at April 25, 2015		5,999		$	10.88		1.80	$	68,547
Exercisable at April 25, 2015		5,999		$	10.88		1.80	$	68,547

Performance-Contingent Total Shareholder Return Shares

Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent TSR Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):

Grant date	January 4, 2015		January 1, 2014
Shares granted		414		366
Vesting date		3/1/2017		3/1/2016
Fair value per share	$	21.21	$	23.97

Performance-Contingent Restricted Stock Activity

The company’s performance-contingent restricted stock activity during the quarter ended April 25, 2015, is presented below (amounts in thousands, except price data):

	Shares			Weighted Average Grant Date Fair Value
Nonvested at January 3, 2015		1,404		$	19.09
Initial grant at target		828		$	20.18
Supplemental grant for exceeding the ROIC modifier		100		$	15.51
Grant reduction for not achieving the TSR modifier		(48	)	$	17.22
Vested		(853	)	$	16.22
Forfeited		(53	)	$	19.23
Nonvested at April 25, 2015		1,378		$	21.25

Return On Invested Capital

Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent ROIC Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):

Grant date	January 4, 2015		January 1, 2014
Shares granted		414		366
Vesting date		3/1/2017		3/1/2016
Fair value per share	$	19.14	$	21.47