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Stock-Based Compensation Plans
 8 Months Ended
May 07, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Plans
Note 6—Stock-Based Compensation
The Seventh Restated 2002 Stock Incentive Plan authorized the issuance of 23,500,000 shares (13,429,000 RSUs) of common stock for future grants in addition to the shares authorized under the previous plan. The Company issues new shares of common stock upon vesting of RSUs. Shares for vested RSUs are generally delivered to participants annually, net of shares equal to the minimum statutory withholding taxes.
Summary of Restricted Stock Unit Activity
At May 7, 2017, 11,372,000 shares were available to be granted as RSUs and the following awards were outstanding:
•
7,616,000 time-based RSUs, which vest upon continued employment over specified periods of time;
•
165,000 performance-based RSUs, granted to certain executive officers of the Company, for which the performance targets have been met. The awards vest upon continued employment over specified periods of time; and
•
251,000 performance-based RSUs, granted to executive officers of the Company, subject to achievement of performance targets for fiscal 2017, as determined by the Compensation Committee of the Board of Directors after the end of the fiscal year. These awards are included in the table below and the Company recognized compensation expense for these awards as it is currently deemed probable that the targets will be achieved.
The following table summarizes RSU transactions during the first thirty-six weeks of 2017:
 
Number of
Units
(in 000’s)
 
Weighted-Average
Grant Date Fair
Value
Outstanding at August 28, 2016
8,326

 
$
120.56

Granted
3,856

 
144.12

Vested and delivered
(3,990
)
 
119.44

Forfeited
(160
)
 
130.42

Outstanding at May 7, 2017
8,032

 
$
132.23


The remaining unrecognized compensation cost related to non-vested RSUs at May 7, 2017, was $823, and the weighted-average period over which this cost will be recognized is 1.7 years.
Summary of Stock-Based Compensation
The following table summarizes stock-based compensation expense and the related tax benefits under the Company’s plans:
 
12 Weeks Ended
 
36 Weeks Ended
 
May 7,
2017
 
May 8,
2016
 
May 7,
2017
 
May 8,
2016
Stock-based compensation expense before income taxes
$
82

 
$
75

 
$
404

 
$
362

Less recognized income tax benefit
(26
)
 
(23
)
 
(132
)
 
(120
)
Stock-based compensation expense, net of income taxes
$
56

 
$
52

 
$
272

 
$
242