INCENTIVE COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2019

INCENTIVE COMPENSATION [Abstract]

Schedule of Awards

The following awards were outstanding during the thirteen weeks ended March 31, 2019:

Award Type	Benefit Plan	Awards Granted	Grant Date	Grant Date Fair Value per Award	Vesting Condition	Vesting Date	Vesting Date Fair Value per Award(a)	Awards Forfeited to Date	Settlement Method
RSU	LTIP	410,000	02/14/2018	25.59	Service	01/01/2019	15.51	—	Stock
RSU	LTIP	163,764	03/01/2018	24.93	Service	(a)	15.51	45,755	Stock
RSU	LTIP	283,525	03/01/2018	24.93	Performance / Service	(b)	—	151,228	Stock
RSU	LTIP	11,144	05/10/2018	21.54	Service	(c)	—	—	Stock
RSU	LTIP	262,500	12/18/2018	16.06	Service	07/01/2019	—	—	Stock
RSU	LTIP	506,417	01/07/2019	16.47	Performance / Service	(d)	—	83,705	Stock

(a) The restricted stock units vest in ratable tranches on December 31, 2018, December 31, 2019 and December 31, 2020. Expected compensation cost related to these units totals $2.9 million based on a closing stock price for the Company’s common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss over the remaining vesting period.

(b) The restricted stock units vest in ratable tranches on December 31, 2019, December 31, 2020 and December 31, 2021. Expected compensation cost related to these units totals $3.3 million based on a closing stock price for the Company’s common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss over the remaining vesting period.

(c) These restricted stock units were granted to the four non-employees who currently serve on the Company's Board of Directors. Each participating director's units will vest upon his departure from the Company's Board of Directors. Compensation cost was recognized in profit/loss upon the grant date.

(d)

If performance conditions related to the Company's 2019 operating results are satisfied, the restricted stock units vest in ratable tranches on December 31, 2020, December 31, 2021 and December 31, 2022. Expected compensation cost related to these units totals $7.0 million based on a closing stock price for the Company's common stock of $16.47 per share on January 7, 2019. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period.

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
	March 31, 2019		April 1, 2018
	(In thousands)
Share-based compensation cost:
Cost of sales	$	12	$	52
Selling, general and administrative expense	1,870		1,221
Total	$	1,882	$	1,273
Income tax benefit	$	458	$	310

Schedule of Restricted Share and Restricted Stock Unit Activity

The Company’s RSU activity is included below:

	Thirteen Weeks Ended March 31, 2019				Thirteen Weeks Ended April 1, 2018
	Number		Weighted Average Grant Date Fair Value		Number		Weighted Average Grant Date Fair Value
	(In thousands, except weighted average fair values)
Outstanding at beginning of period	1,069		$	22.97	389		$	18.39
Granted	506		16.47		708		25.19
Vested	(459	)	25.52		—		—
Forfeited	(218	)	21.70		(389	)	18.39
Outstanding at end of period	898		$	18.31	708		$	25.19