STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Oct. 10, 2015

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

As of October 10, 2015, compensation expense related to the NQSOs was fully amortized.  The cash received, the windfall tax benefit, and intrinsic value from stock option exercises for the forty weeks ended October 10, 2015 and October 4, 2014 were as follows (amounts in thousands):

	October 10, 2015		October 4, 2014
Cash received from option exercises	$	18,571	$	17,096
Cash tax windfall, net	$	7,282	$	3,871
Intrinsic value of stock options exercised	$	23,366	$	13,995

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 forty weeks ended October 10, 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
Vested		(54	)	$	20.94
Granted		70		$	21.59
Nonvested shares at October 10, 2015		167		$	21.29		0.95	$	4,346

Stock Appreciation Rights Activity

The rights activity for the forty weeks ended October 10, 2015 is set forth below (amounts in thousands except price data):

	Rights			Weighted Average Fair Value		Aggregate Liability
Outstanding shares at January 3, 2015		29		$	8.47
Exercised		(15	)		8.30
Outstanding shares at October 10, 2015		14		$	8.67	$	256

Summary of Company's Stock Based Compensation Expense

The following table summarizes the company’s stock based compensation expense for the twelve and forty weeks ended October 10, 2015 and October 4, 2014, respectively (amounts in thousands):

	For the Twelve Weeks Ended					For the Forty Weeks Ended
	October 10, 2015		October 4, 2014			October 10, 2015		October 4, 2014
Stock options	$	—	$	—		$	—	$	197
Performance-contingent restricted stock awards		1,811		3,527			11,457		12,714
Deferred and restricted stock		548		482			1,658		1,663
Stock appreciation rights		124		(297	)	$	176		(388	)
Total stock based compensation	$	2,483	$	3,712		$	13,291	$	14,186

Stock Option

Stock Option Activity

The stock option activity for the forty weeks ended October 10, 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		(1,741	)	$	10.66
Outstanding at October 10, 2015		4,450		$	10.96		1.63	$	67,030
Exercisable at October 10, 2015		4,450		$	10.96		1.63	$	67,030

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

Performance-Contingent Restricted Stock

The company’s performance-contingent restricted stock activity for the forty weeks ended October 10, 2015, is presented below (amounts in thousands, except price data):  

	Shares			Weighted Average Grant Date Fair Value
Nonvested shares at January 3, 2015		1,404		$	19.09
Initial grant at target		829		$	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		(83	)	$	19.61
Nonvested shares at October 10, 2015		1,349		$	21.26

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