STOCK BASED COMPENSATION (Tables)

9 Months Ended

Oct. 04, 2014

Cash Received, Windfall Tax Benefits, and Intrinsic Value from Stock Option Exercises

The cash received, the windfall tax benefit, and intrinsic value from stock option exercises for the forty weeks ended October 4, 2014 and October 5, 2013 were as follows (amounts in thousands):

	October 4, 2014		October 5, 2013
Cash received from option exercises	$	17,096	$	11,216
Cash tax windfall, net	$	3,871	$	4,594
Intrinsic value of stock options exercised	$	13,995	$	14,727

Payout Determined from Total Shareholder Return Shares

The Company TSR compared to the Peer Group TSR will determine the payout as set forth below:

Percentile	Payout as % of Target
90th		200	%
70th		150	%
50th		100	%
30th		50	%
Below 30th		0	%

Deferred and Restricted Stock Activity

The deferred and restricted stock activity for the forty weeks ended October 4, 2014 is set forth below (amounts in thousands, except price data):

	Shares			Weighted Average Grant Date Fair Value
Nonvested shares at December 28, 2013		177		$	18.92
Deferred stock granted		97		$	20.47
Deferred stock vested		(78	)	$	19.07
Deferred stock forfeited		(19	)	$	19.03
Nonvested at October 4, 2014		177		$	20.01

Stock Appreciation Rights Activity

The rights activity for the forty weeks ended October 4, 2014 is set forth below (amounts in thousands except price data):

	Rights			Weighted Average Grant Date Fair Value		Aggregate Liability
Outstanding at December 28, 2013		141		$	7.26	$	1,982
Rights exercised		(22	)	$	6.25
Outstanding at October 4, 2014		119		$	7.44	$	1,295

Summary of Company's Stock Based Compensation Expense

The following table summarizes the company’s stock based compensation expense for the twelve and forty week periods ended October 4, 2014 and October 5, 2013, respectively (amounts in thousands):

	For the Twelve Weeks Ended						For the Forty Weeks Ended
	October 4, 2014			October 5, 2013			October 4, 2014			October 5, 2013
Stock options	$	—		$	380		$	197		$	1,397
Performance-contingent restricted stock awards		3,527			2,463			12,714			8,710
Deferred and restricted stock		482			446			1,663			1,323
Stock appreciation rights		(297	)		(281	)		(388	)		1,268
Total stock based compensation	$	3,712		$	3,008		$	14,186		$	12,698

Performance-Contingent Total Shareholder Return Shares

Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent TSR Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):

Grant date	January 1, 2014		January 1, 2013
Shares granted		366		414
Assumed vesting date		3/1/2016		3/1/2015
Fair value per share	$	23.97	$	17.22

Performance-Contingent Restricted Stock Activity

The company’s performance-contingent restricted stock activity during the quarter ended October 4, 2014, is presented below (amounts in thousands, except price data):

	Shares			Weighted Average Grant Date Fair Value
Nonvested at December 28, 2013		1,229		$	15.88
Initial 2014 grant at target		732		$	22.72
Incremental shares issued for the 2012 ROIC modifier		51		$	14.37
Incremental shares issued for the 2012 TSR modifier		194		$	15.45
2012 Vested		(653	)	$	15.03
Forfeited		(43	)	$	19.78
Nonvested at October 4, 2014		1,510		$	19.35

Stock Option

Stock Option Activity

The stock option activity for the forty weeks ended October 4, 2014 pursuant to the EPIP is set forth below (amounts in thousands, except price data):

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 28, 2013		8,112		$	10.89
Exercised		(1,565	)	$	10.92
Outstanding at October 4, 2014		6,547		$	10.89		2.43	$	48,147
Exercisable at October 4, 2014		6,547		$	10.89		2.43	$	48,147

Return On Invested Capital

Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent ROIC Shares have been granted under the EPIP and have service period remaining (amounts in thousands, except price data):

Grant date	January 1, 2014		January 1, 2013
Shares granted		366		414
Vesting date		3/1/2016		3/1/2015
Fair value per share	$	21.47	$	15.51