Share-Based Compensation

6 Months Ended

Jun. 28, 2014

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

Share-Based Compensation

SHARE-BASED COMPENSATION

The Company recognized share-based compensation expense of $0.9 million for the 13-week period ended June 28, 2014 and $0.9 million for the 13-week period ended June 29, 2013, the majority of which was recorded as SG&A expense. The Company recognized share-based compensation expense of $1.8 million for the 26-week period ended June 28, 2014 and $1.7 million for the 26-week period ended June 29, 2013, the majority of which was recorded as SG&A expense. The tax benefits associated with share-based compensation expense for the 13-week and 26-week periods ended June 28, 2014 were $0.1 million and $0.2 million, respectively, which were recognized as excess tax benefits in additional paid-in capital. The tax benefit associated with share-based compensation expense for the 13-week and 26-week periods ended June 29, 2013 were $0.2 million and $0.8 million, respectively, which were recognized as excess tax benefits in additional paid-in capital. The Company began a new performance-based restricted stock unit program during the first quarter of 2014. The related compensation expense is included in the share-based compensation amount for the period ended June 28, 2014.

The Manager Share Appreciation Plan ("MSAP") compensation expense for the 13-week and 26-week periods ended June 28, 2014 was minimal. The corresponding liability at June 28, 2014 was $0.1 million. The MSAP compensation expense for the 13-week and 26-week periods ended June 29, 2013 was minimal and $0.1 million, respectively. The corresponding liability at June 29, 2013 was $0.1 million.