Share-Based Compensation

9 Months Ended

Oct. 03, 2015

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

Share-Based Compensation

SHARE-BASED COMPENSATION

The Company recognized share-based compensation expense of $0.7 million for the 13-week period ended October 3, 2015 and $0.6 million for the 13-week period ended September 27, 2014, the majority of which was recorded as selling, general and administrative ("SG&A") expense. The Company recognized share-based compensation expense of $2.2 million for the 39-week period ended October 3, 2015 and $2.4 million for the 39-week period ended September 27, 2014, the majority of which was recorded as SG&A expense. The Company received no excess tax benefit associated with share-based compensation expense for the 13-week and 39-week periods ended October 3, 2015. The tax benefit associated with share-based compensation expense for the 13-week and 39-week periods ended September 27, 2014 were less than $0.1 million and $0.2 million, respectively, and were recognized as excess tax benefit in additional paid-in capital.

The Manager Share Appreciation Plan ("MSAP") compensation expense for the 13-week and 39-week periods ended October 3, 2015 was minimal and a credit to expense of $0.4 million due to fluctuation in the Company's share price. The corresponding liability at October 3, 2015 was $0.1 million. The MSAP compensation expense for both the 13-week and 39-week periods ended September 27, 2014 was minimal. The corresponding liability at September 27, 2014 was $0.1 million.