Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plans (Tables)

v2.4.0.8
Stock Incentive Plans (Tables)
 6 Months Ended
Jul. 13, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of average assumptions used in estimation of fair value of options
The weighted-average fair value of non-qualified stock options and the related assumptions used in the pricing model were as follows:
 
Twelve Weeks Ended
 
Twenty-eight Weeks Ended
 
 
July 13, 2014
 
July 14, 2013
 
July 13, 2014
 
July 14, 2013
 
Risk-free interest rate
1.5

%
1.0

%
1.7

%
0.7

%
Expected years until exercise
5.0

 
4.1

 
5.8

 
4.2

 
Expected stock volatility
46.1

%
44.2

%
44.8

%
44.4

%
Dividend yield
—

%
—

%
—

%
—

%
Weighted average Black-Scholes fair value per share at date of grant
$
30.05

 
$
21.14

 
$
31.43

 
$
15.19

 
Summary of status of the Company's stock option plans
The following table presents a summary of the Company's stock-based compensation activity for the twenty-eight weeks ended July 13, 2014 (in thousands):
 
Stock Options
 
Restricted Stock Units
Outstanding, December 29, 2013
491

 
139

Granted
67

 
19

Forfeited/expired
(6
)
 
(4
)
Exercised/vested
(42
)
 
(22
)
Outstanding, April 20, 2014
510

 
132

Granted
5

 
13

Forfeited/expired
(3
)
 
(1
)
Exercised/vested
(19
)
 
(33
)
Outstanding, July 13, 2014
493

 
111

Schedule of recognized expense from stock-based compensation
We recognized expense from stock-based compensation for twelve weeks and twenty-eight weeks ended July 13, 2014 and July 14, 2013 as follows (in thousands):
 
Twelve Weeks Ended
 
Twenty-eight Weeks Ended
 
July 13, 2014
 
July 14, 2013
 
July 13, 2014
 
July 14, 2013
Labor related
$
18

 
$
34

 
$
49

 
$
103

Selling, general and administrative related
1,003

 
1,016

 
1,981

 
2,139

Total stock-based compensation
$
1,021

 
$
1,050

 
$
2,030

 
$
2,242