H.COMMON STOCK

We maintain and administer our shareholder approved Employee Stock Purchase Plan ("Stock Purchase Plan"). The Stock Purchase Plan allows eligible employees to purchase shares of our stock at a share price equal to 85% of fair market value on the purchase date. We have expensed the fair value of the compensation associated with these awards, which approximates the discount. The amount of expense is nominal.

We maintain and administer our shareholder approved Directors’ Retainer Stock Plan ("Stock Retainer Plan"). The Stock Retainer Plan allows eligible members of the Board of Directors to defer the cash portion of their retainer and committee fees and receive shares of our stock at the time of or following their retirement, disability or death. The number of shares to be received is equal to the amount of the cash portion of their retainer and committee fees deferred multiplied by 110%, divided by the fair market value of a share of our stock at the time of deferral. The number of shares is increased by the amount of dividends paid on the Company’s common stock. We recognized expense for this plan of $1.7 million in 2018, $1.7 million in 2017, and $0.7 million in 2016. Effective January 1, 2017, this plan was amended to allow directors to defer payment of the annual retainer paid in the form of our common stock.

Finally, we maintain and administer our shareholder approved Long Term Stock Incentive Plan (the "LTSIP”). The LTSIP provides for the grant of stock options, stock appreciation rights, restricted stock, performance shares and other stock-based awards.

On October 18, 2017, the Board of Directors approved a three-for-one split of the Company's outstanding shares of common stock effected as a stock dividend. On November 14, 2017, shareholders of record as of October 31, 2017, received two additional shares for each share held on the record date.

There is no unrecognized compensation expense remaining for stock options in 2018, 2017, and 2016.

Below is a summary of common stock issuances for 2018 and 2017:


	December 29, 2018
Share Issuance Activity	Common Stock		Average Share Price
Shares issued under the employee stock purchase plan	38	$	35.58

Shares issued under the employee stock gift program	3		33.56
Shares issued under the director retainer stock program	101		17.17
Shares issued under the long term stock incentive plan	164		35.16
Shares issued under the executive stock match grants	94		32.94
Forfeitures	(14)		-
Total shares issued under stock grant programs	348	$	29.37

Shares issued under the deferred compensation plans	167	$	36.98


	December 30, 2017
Share Issuance Activity	Common Stock		Average Share Price
Shares issued under the employee stock purchase plan	24	$	32.80

Shares issued under the employee stock gift program	3		31.92
Shares issued under the director retainer stock program	62		19.02
Shares issued under the long term stock incentive plan	240		31.81
Shares issued under the executive stock match grants	129		32.03
Forfeitures	(5)		-
Total shares issued under stock grant programs	429	$	30.06

Shares issued under the deferred compensation plans	159	$	32.16

A summary of the nonvested restricted stock awards granted under the LTSIP is as follows:


						Weighted-
				Unrecognized		Average
		Weighted-		Compensation		Period to
	Restricted	Average Grant		Expense		Recognize
	Awards	Date Fair Value		(in millions)		Expense
Nonvested at December 26, 2015	623,748		13.66		5.2	2.53 years
Granted	350,892		23.96
Vested	(180,465)		15.66
Forfeited	(2,643)		21.45
Nonvested at December 31, 2016	791,532		19.32		4.8	1.51 years
Granted	388,248		32.03
Vested	(141,111)		12.71
Forfeited	(5,043)		30.14
Nonvested at December 30, 2017	1,033,626		24.24		7.1	1.31 years
Granted	247,068		36.52
Vested	(107,865)		18.11
Forfeited	(12,750)		24.19
Nonvested at December 29, 2018	1,160,079	$	23.32	$	7.6	1.12 years

Under the Stock Purchase Plan and LTSIP, we recognized share-based compensation expense of $3.6 million, $3.6 million, and $2.2 million and the related total income tax benefits of $0.7 million, $1.0 million, and $1.1 million in 2018, 2017 and 2016, respectively.

In 2018, 2017 and 2016, cash received from share issuances under our plans was $1.0 million, $0.7 million and $0.5 million, respectively.

On November 14, 2001, the Board of Directors approved a share repurchase program (which succeeded a previous program) allowing us to repurchase up to 2.5 million shares of our common stock. On October 14, 2010, our Board authorized an additional 2 million shares to be repurchased under our share repurchase program. We repurchased 860,669 and 445,740 shares under this program in 2018 and 2017, respectively. As of December 29, 2018, the cumulative total authorized shares available for repurchase is approximately 1.9 million shares.