Stock-Based Compensation

6 Months Ended

Oct. 23, 2015

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

Stock-Based Compensation

Stock-Based Compensation

As of October 23, 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 October 23, 2015, and October 24, 2014, the Company granted approximately 48,000 and 26,000 RSAs and RSUs under the 2010 Plan. During the six months ended October 23, 2015, the Company granted approximately 115,000 RSAs and RSUs and 70,000 PSUs under the 2010 Plan, while during the six months ended October 24, 2014, we granted approximately 39,000 RSAs and RSUs under the 2010 Plan.

The PSUs granted under the 2010 Plan have market-based vesting conditions, while RSAs and RSUs granted under the 2010 Plan 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.

Stock-based compensation expense, included primarily within the S,G&A line on the Consolidated Statements of Net Income, was $1,281 and $1,037 for the three months ended October 23, 2015, and October 24, 2014, respectively, and $3,329 and $1,888 for the six months ended October 23, 2015, and October 24, 2014, respectively.