Share Based Compensation

9 Months Ended

Oct. 10, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Note 12 Share Based Compensation

SpartanNash has a shareholder-approved stock incentive plan that provides for the granting of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, stock awards, and other stock-based awards to directors, officers and other key associates.

SpartanNash accounts for share-based compensation awards in accordance with the provisions of ASC Topic 718 which requires that share-based payment transactions be accounted for using a fair value method and the related compensation cost recognized in the financial statements over the period that an employee is required to provide services in exchange for the award. SpartanNash recognized share-based compensation expense (net of tax) of $0.5 million ($0.01 per diluted share) and $0.6 million ($0.02 per diluted share) for the 12 weeks ended October 10, 2015 and October 4, 2014, respectively, as a component of Operating expenses and Income taxes in the Condensed Consolidated Statements of Earnings. Share-based compensation expense (net of tax) was $4.0 million ($0.11 per diluted share) and $3.7 million ($0.10 per diluted share) for the 40 weeks ended October 10, 2015 and October 4, 2014, respectively.

The following table summarizes activity in the share-based compensation plans for the 40 weeks ended October 10, 2015:

	Shares			Weighted		Restricted			Weighted Average
	Under			Average		Stock			Grant-Date
	Options			Exercise Price		Awards			Fair Value
Outstanding at January 3, 2015		494,483		$	20.61		600,653			23.08
Granted		—			—		314,595			26.59
Exercised/Vested		(184,877	)		19.74		(265,737	)		23.19
Cancelled/Forfeited		(63	)		11.50		(11,136	)		23.65
Outstanding at October 10, 2015		309,543		$	21.13		638,375			24.75
Vested and expected to vest in the future at October 10, 2015		309,543		$	21.13
Exercisable at October 10, 2015		309,543		$	21.13

There were no stock options granted during the 40 weeks ended October 10, 2015 and October 4, 2014.

As of October 10, 2015, total unrecognized compensation cost related to non-vested share-based awards granted under the Company’s stock incentive plans was $6.4 million for restricted stock. The remaining compensation costs not yet recognized are expected to be recognized over a weighted average period of 2.5 years for restricted stock. All compensation costs related to stock options have been recognized.