Stock-Based Compensation (Tables)

4 Months Ended

Apr. 24, 2021

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	%

Performance-Contingent Restricted Stock Activity

Performance-Contingent Restricted Stock

The company’s performance-contingent restricted stock activity for the sixteen weeks ended April 24, 2021 is presented below (amounts in thousands, except price data):  

	Shares			Weighted Average Grant Date Fair Value
Nonvested shares at January 2, 2021		1,264		$	21.85
Initial grant at target		730		$	24.69
Vested		—		$	—
Forfeited		(17	)	$	20.34
Nonvested shares at April 24, 2021		1,977		$	22.89

Time-Based Restricted Stock Units Awards

The following TBRSU Shares have been granted under the Omnibus Plan during the first quarter of Fiscal 2021 (amounts in thousands, except price data):

Grant Date	Shares Granted		Vesting Date	Fair Value per Share
1/3/2021		256	Equally over 3 years	$	22.63

Time-Based Restricted Stock Units Activity

The TBRSU Shares activity for the sixteen weeks ended April 24, 2021 is set forth below (amounts in thousands, except price data):  

	TBRSU Shares			Weighted Average Fair Value		Weighted Average Remaining Contractual Term (Years)		Unrecognized Compensation Cost
Nonvested shares at January 2, 2021		388		$	20.64
Vested		(137	)	$	19.98
Granted		256		$	22.63
Forfeitures		(11	)	$	21.54
Nonvested shares at April 24, 2021		496		$	21.83		2.20	$	8,871

Vesting of Time-Based Restricted Stock Units

The table below presents the accumulated dividends on vested shares and the tax benefit/(expense) at vesting of the time-based restricted stock units (amounts in thousands).  

Award Granted		Fiscal Year Vested		Dividends at Vesting (thousands)		Tax Benefit		Fair Value at Vesting
	2020		2021	$	53	$	16	$	1,520
	2019		2021	$	107	$	77	$	1,582
	2019		2020	$	55	$	57	$	1,831

Deferred Stock Activity

The deferred stock activity for the sixteen weeks ended April 24, 2021 is set forth below (amounts in thousands, except price data):  

	Shares		Weighted Average Fair Value		Weighted Average Remaining Contractual Term (Years)		Unrecognized compensation cost
Nonvested shares at January 2, 2021		52	$	23.21
Vested		—	$	—
Granted		2	$	22.63
Nonvested shares at April 24, 2021		54	$	23.19		0.23	$	149

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 24, 2021 and April 18, 2020, respectively (amounts in thousands):

	For the Sixteen Weeks Ended
	April 24, 2021		April 18, 2020
Performance-contingent restricted stock awards	$	5,289	$	2,614
TBRSU Shares		1,467		947
Deferred and restricted stock		426		333
Total stock-based compensation	$	7,182	$	3,894

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 during the first quarter of Fiscal 2021 under the Omnibus Plan (amounts in thousands, except price data):

Grant Date	Shares Granted		Vesting Date	Fair Value per Share
1/3/2021		365	3/1/2024	$	26.75

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 Omnibus Plan during the first quarter of Fiscal 2021 (amounts in thousands, except price data):

Grant Date	Shares Granted		Vesting Date	Fair Value per Share
1/3/2021		365	3/1/2024	$	22.63