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INCENTIVE COMPENSATION (Tables)
 12 Months Ended
Dec. 25, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Awards
The following awards were outstanding during 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
DER
(b)
LTIP
 
74,535

 
10/13/2016
 
20.93

 
Service
 
12/31/2016
 
13.49
%
 
—

 
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:
 
2016
 
2015
 
2014
 
(In thousands)
Share-based compensation cost:
 
 
 
 
 
Cost of goods sold
$
770

 
$
596

 
$
395

Selling, general and administrative expenses
5,332

 
2,379

 
4,533

Total
$
6,102

 
$
2,975

 
$
4,928

 
 
 
 
 
 
Income tax benefit
$
1,858

 
$
868

 
$
1,326
Schedule of RSA and RSU Activity
The Company’s RSA and RSU activity is included below:
 
2016
 
2015
 
2014
 
Number
 
Weighted Average Grant Date Fair Value
 
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 year
—

 
$
—

 
30

 
$
8.72

 
203

 
$
6.59

Granted
—

 
—

 
—

 
—

 
—

 
—

Vested
—

 
—

 
—

 
—

 
(173
)
 
6.62

Forfeited
—

 
—

 
(30
)
 
8.72

 
—

 
—

Outstanding at end of year
—

 
$
—

 
—

 
$
—

 
30

 
$
8.72

 
 
 
 
 
 
 
 
 
 
 
 
RSUs:
 
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
774

 
$
18.78

 
1,120

 
$
11.97

 
729

 
$
8.81

Granted
325

 
24.35

 
428

 
21.00

 
463

 
16.70

Vested
—

 
—

 
(671
)
 
8.81

 
—

 
—

Forfeited
(193
)
 
24.51

 
(103
)
 
18.90

 
(72
)
 
10.34

Outstanding at end of year
906

 
$
20.00

 
774

 
$
18.78

 
1,120

 
$
11.97