Share-Based Compensation

6 Months Ended

Jul. 04, 2015

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

Share-Based Compensation

SHARE-BASED COMPENSATION

The Company recognized share-based compensation expense of $0.8 million for the 13-week period ended July 4, 2015 and $0.9 million for the 13-week period ended June 28, 2014, the majority of which was recorded as selling, general and administrative ("SG&A") expense. The Company recognized share-based compensation expense of $1.5 million for the 26-week period ended July 4, 2015 and $1.8 million for the 26-week period ended June 28, 2014, the majority of which was recorded as SG&A expense. The Company received no tax benefit associated with share-based compensation expense for the 13-week and 26-week periods ended July 4, 2015. The tax benefit 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 benefit in additional paid-in capital.

The Manager Share Appreciation Plan ("MSAP") compensation expense for the 13-week and 26-week periods ended July 4, 2015 was a credit to expense of $0.1 million and a credit to expense of $0.4 million due to fluctuation in the Company's share price, respectively. The corresponding liability at July 4, 2015 was $0.1 million. The MSAP compensation expense for both the 13-week and 26-week periods ended June 28, 2014 was minimal. The corresponding liability at June 28, 2014 was $0.1 million.