Equity-Based Compensation (Tables)

3 Months Ended

Apr. 01, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock-Based Compensation Awards Granted

During the thirteen weeks ended April 1, 2018, the Company granted the following stock-based compensation awards:

Grant Date	RSUs		PSAs
March 5, 2018		447,594		126,098
March 12, 2018		4,357		—
Total:		451,951		126,098
Weighted-average grant date fair value	$	25.18	$	25.18
Weighted-average exercise price		—		—

Summary of Equity-Based Compensation Expense

Equity-based Compensation Expense

Equity-based compensation expense was reflected in the consolidated statements of operations as follows:

	Thirteen Weeks Ended
	April 1, 2018			April 2, 2017
Cost of sales, buying and occupancy	$	269		$	246
Direct store expenses		328			361
Selling, general and administrative expenses		3,371			1,839
Equity-based compensation expense before income taxes		3,968			2,446
Income tax benefit		(1,020	)		(915	)
Net equity-based compensation expense	$	2,948		$	1,531

Summary of Outstanding Equity-Based Awards

The following equity-based awards were outstanding as of April 1, 2018 and December 31, 2017:

	As of
	April 1, 2018		December 31, 2017
	(in thousands)
Options
Vested		2,505		4,226
Unvested		233		464
RSUs		692		449
PSAs		380		231
RSAs		226		353

Summary of Total Unrecognized Compensation Expense and Remaining Weighted Average Recognition Period Related to Outstanding Equity-Based Awards

As of April 1, 2018, total unrecognized compensation expense and remaining weighted average recognition period related to outstanding equity-based awards was as follows:

	Unrecognized compensation expense		Remaining weighted average recognition period
Options	$	1,548		0.6
RSUs		15,138		2.2
PSAs		5,324		1.9
RSAs		3,974		1.7
Total unrecognized compensation expense    at April 1, 2018	$	25,984