Jamba Juice 2013 Annual Report Download - page 80

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TABLE OF CONTENTS
JAMBA, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FISCAL YEARS ENDED DECEMBER 31, 2013, JANUARY 1, 2013 AND
JANUARY 3, 2012
12. SHARE-BASED COMPENSATION – (continued)
expenses related to these PSUs, with internal performance criteria, when it is probable that the performance criteria would be met, during the
fourth quarter of fiscal 2012 and the first half of fiscal 2013.
The aggregate grant date fair value of the PSUs granted during fiscal 2013, 2012 and 2011 was $0.7 million, $0.9 million and $0.0
million, respectively. The aggregate intrinsic value of the PSUs outstanding as of December 31, 2013 and January 1, 2013, was $1.5
million and $0.8 million, respectively.
Share-based compensation expense was $2.6 million, $2.1 million, and $1.3 million for fiscal 2013, fiscal 2012 and fiscal 2011,
respectively, and is included in general and administrative expenses in the consolidated statements of operations. No income tax benefit was
recorded in fiscal 2013, 2012 and 2011. At December 31, 2013, non-vested share-based compensation for stock options and restricted stock
awards, net of forfeitures totaled $2.8 million. This expense will be recognized over the remaining weighted average vesting period of
approximately two years.
13. INCOME TAXES
The components of the income tax (expense) benefit are as follows (in thousands):
December 31,
2013
January 1,
2013
January 3,
2012
Current:
Federal $ 79 $ (81) $ —
State (27) (10) (36)
Foreign (107) (64) (8)
$ (55) $ (155) $ (44)
Deferred:
Federal $ — $ — $ 300
State — — 84
Foreign — — —
$ — $ — $ 384
Income tax (expense) benefit $ (55) $ (155) $ 340
F-23