Stock-Based Compensation

3 Months Ended

Jul. 24, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-Based Compensation

At July 24, 2015, there were equity awards outstanding under the Amended and Restated Bob Evans Farms, Inc. 2010 Equity and Cash Incentive Plan (the “2010 Plan”), as well as previous equity plans adopted in 2006, 1998 and 1993. The types of awards that may be granted under the 2010 Plan include: stock options, stock appreciation rights, restricted stock awards ("RSAs"), restricted stock units ("RSUs"), cash incentive awards, performance share units ("PSUs"), and other awards. During the three months ended July 24, 2015, the Company granted approximately 67,000 RSAs and RSUs, and 70,000 PSUs under the 2010 Plan. The PSUs have market-based vesting conditions. Under awards made to date under the 2010 Plan, RSAs and RSUs vest ratably, primarily over three years for employees, and one year for nonemployee directors of the Company. The PSUs awarded in the first quarter of fiscal 2016 vest at the end of a three-year performance period if they achieve the market-based vesting conditions. During the three month period ending July 25, 2014, we granted approximately 14,000 RSAs and RSUs under the 2010 Plan.

Stock-based compensation expense, included primarily within the S,G&A line on the Consolidated Statements of Net Income, was $2,048 and $850 for the three months ended July 24, 2015, and July 25, 2014, respectively.