Share-Based Payments (Tables)

4 Months Ended

Apr. 23, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Allocation of Stock-Based Compensation Expense in Condensed Consolidated Statements of Operations

Share-based compensation expense recognized and included in “Selling, general and administrative expenses” in the condensed consolidated statements of earnings, and related tax impacts were as follows:

	16 Weeks Ended
(In thousands)	April 23, 2022			April 24, 2021
Restricted stock expense	$	4,295		$	4,185
Income tax benefit		(2,590	)		(979	)
Restricted stock expense, net of tax	$	1,705		$	3,206

Summary of Stock Incentive Plans Activity

The following table summarizes activity in the stock incentive plans for the 16 weeks ended April 23, 2022:

				Weighted
	Restricted			Average
	Stock			Grant-Date
	Awards			Fair Value
Outstanding at January 1, 2022		1,031,837		$	17.56
Granted		369,098			28.40
Vested		(452,444	)		17.58
Cancelled/Forfeited		(36,344	)		17.93
Outstanding at April 23, 2022		912,147		$	21.92

Summary of Share-based Payment Expense Recognized as a Reduction of Net Sales in Condensed Consolidated Statements of Operations

Share-based payment expense recognized as a reduction of “Net sales” in the condensed consolidated statements of earnings, and related tax benefits were as follows:

	16 Weeks Ended
(In thousands)	April 23, 2022			April 24, 2021
Warrant expense	$	673		$	645
Income tax benefit		(50	)		(57	)
Warrant expense, net of tax	$	623		$	588

Summary of Stock Warrant Activity

The following table summarizes stock warrant activity for the 16 weeks ended April 23, 2022:

	Warrant
Outstanding and nonvested at January 1, 2022		3,914,833
Vested		(108,746	)
Outstanding and nonvested at April 23, 2022		3,806,087