XML 76 R41.htm IDEA: XBRL DOCUMENT v3.19.3
SHARE-BASED AWARDS (Tables)
 12 Months Ended
Aug. 03, 2019
Share-based Payment Arrangement [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table presents information regarding share-based compensation expenses and the related tax impacts:
(in thousands)
 
2019
 
2018
 
2017
Restricted stock awards
 
$
21,363

 
$
19,872

 
$
16,146

Supervalu replacement awards(1)
 
14,304

 
—

 
—

Performance-based share awards
 
3,013

 
5,569

 
8,986

Stock option awards
 
199

 
342

 
543

Share-based compensation expense recorded in Operating expenses
 
38,879

 
25,783

 
25,675

Income tax benefit
 
(10,458
)
 
(6,538
)
 
(10,006
)
Share-based compensation expense, net of tax
 
$
28,421

 
$
19,245

 
$
15,669

 
 
 
 
 
 
 
Share-based compensation expense recorded in Restructuring, acquisition and integration related expenses(2)
 
$
33,021

 
$
107

 
$
532

Income tax benefit
 
(8,870
)
 
(29
)
 
(214
)
Share-based compensation expense recorded in Restructuring, acquisition and integration related expenses, net of tax
 
$
24,151

 
$
78

 
$
318


(1)
Amounts are derived entirely from liability classified awards.
(2)
Includes liability classified awards of $31.7 million and equity classified awards of $1.4 million for fiscal 2019. Amounts recorded in fiscal 2018 and 2017 are derived entirely from equity classified awards.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
The fair value of restricted stock units and performance share units are determined based on the number of units granted and the quoted price of the Company’s common stock as of the grant date. The following summary presents information regarding restricted stock units, Supervalu replacement awards and performance units:
 
 
Number
of Shares
 
Weighted Average
Grant-Date
Fair Value
Outstanding at July 30, 2016
 
733,797

 
$
55.55

Granted
 
1,107,526

 
40.16

Vested
 
(420,098
)
 
50.14

Forfeited
 
(151,114
)
 
50.16

Outstanding at July 29, 2017
 
1,270,111

 
44.56

Granted
 
716,952

 
40.06

Vested
 
(434,730
)
 
47.24

Forfeited
 
(207,731
)
 
41.38

Outstanding at July 28, 2018
 
1,344,602

 
41.78

Supervalu replacement awards
 
4,301,233

 
32.50

Granted
 
1,665,233

 
23.30

Vested
 
(2,038,290
)
 
34.81

Forfeited
 
(852,045
)
 
30.83

Outstanding at August 3, 2019
 
4,420,733

 
$
31.11


(in thousands)
 
2019
 
2018
 
2017
Intrinsic value of restricted stock units vested
 
$
36,071

 
$
12,420

 
$
10,465
Share-based Compensation, Stock Options, Activity
The following summary presents information regarding outstanding stock options as of August 3, 2019 and changes during the fiscal year then ended:
 
Number
of Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding at beginning of year
291,677

 
$
52.46

 
 
 
 
Supervalu replacement options
1,625,070

 
41.91

 
 
 
 
Exercised
(6,979
)
 
16.97

 
 
 
 

Forfeited
(1,420
)
 
13.13

 
 
 
 

Canceled
(139,111
)
 
50.50

 
 
 
 

Outstanding at end of year
1,769,237

 
43.06

 
5.8 years
 
$
—

Exercisable at end of year
1,760,980

 
$
43.02

 
5.8 years
 
$
—