INCENTIVE COMPENSATION (Tables)

9 Months Ended

Sep. 25, 2016

INCENTIVE COMPENSATION [Abstract]

Schedule of Awards

The following awards were outstanding during the thirty-nine weeks ended September 25, 2016:

Award Type

Benefit Plan

Awards Granted

Grant Date

Grant Date Fair Value per Award(a)

Vesting Condition

Vesting Date

Estimated Forfeiture Rate

Awards Forfeited to Date

Settlement Method

RSU

LTIP

449,217

02/19/2014

$

16.70

Service

12/31/2016

13.49

%

86,458

Stock

RSU

LTIP

223,701

03/03/2014

17.18

Performance / Service

12/31/2017

12.34

%

55,516

Stock

DER

(b)

LTIP

45,961

02/11/2015

25.87

Performance / Service

12/31/2017

12.34

%

—

Stock

RSU

LTIP

158,226

02/26/2015

27.51

Performance / Service

12/31/2018

(c)

158,226

Stock

RSU

LTIP

251,136

03/30/2016

25.36

Performance / Service

12/31/2019

(d)

—

Stock

(a) The fair value of each RSA and RSU granted or vested represents the closing price of the Company's common stock on the respective grant date or vesting date.

(b) On February 17, 2015, the Company paid a special cash dividend to stockholders of record as of January 30, 2015 totaling $5.77 per share. On January 27, 2015, the Compensation Committee of the Company's Board of Directors agreed to grant Dividend Equivalent Rights (“DERs”) in the form of RSUs to reflect an additional $5.77 in value for each outstanding RSU.

(c) Performance conditions associated with these awards were not satisfied. Therefore, 100% of the awards were forfeited.

(d) The estimated forfeiture rate for these awards will be set if or when performance conditions associated with the awards are satisfied.

Schedule of Compensation Cost and Income Tax Benefit

Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below:

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 25, 2016		September 27, 2015		September 25, 2016		September 27, 2015
	(In thousands)
Share-based compensation cost:
Cost of sales	$	449	$	166	$	710	$	431
Selling, general and administrative expense	3,086		698		4,694		1,701
Total	$	3,535	$	864	$	5,404	$	2,132
Income tax benefit	$	1,083	$	261	$	1,633	$	620

Schedule of Restricted Share and Restricted Stock Unit Activity

The Company’s RSA and RSU activity is included below:

	Thirty-Nine Weeks Ended September 25, 2016				Thirty-Nine Weeks Ended September 27, 2015
	Number		Weighted Average Grant Date Fair Value		Number		Weighted Average Grant Date Fair Value
	(In thousands, except weighted average fair values)
RSAs:
Outstanding at beginning of period	—		$	—	30		$	8.72
Vested	—		—		(15	)	8.72
Forfeited	—		—		(15	)	8.72
Outstanding at end of period	—		$	—	—		$	—
RSUs:
Outstanding at beginning of period	774		$	19.30	1,120		$	11.97
Granted	251		25.36		428		21.00
Vested	—		—		(671	)	8.81
Forfeited	(193	)	24.51		(85	)	18.51
Outstanding at end of period	832		$	19.92	792		$	18.83