Sprouts Farmers Market 2013 Annual Report Download - page 133

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Table of Contents
Equity-based compensation expense was as follows:
Total equity-based compensation expense for 2013 included additional expense of $0.5 million related to anti-dilution
provision payments made to certain option holders. See Note 21, “Stockholders’ Equity” for more information.
The Company recognized income tax benefits of $2.3 million, $1.9 million and $1.5 million for 2013, 2012, and 2011,
respectively.
As of December 29, 2013, total unrecognized compensation expense related to outstanding options was $4.3 million, which, if
the service and performance conditions are fully met, is expected to be recognized over the next 1.1 years on a weighted-average
basis.
During the years ended December 29, 2013 and December 30, 2012, the Company received $3.8 million and $0.5 million in
cash proceeds from the exercise of options, respectively.
During the years ended December 29, 2013 and December 30, 2012, the Company recorded $13.4 million and $0.1 million of
tax benefits from the exercise of options, respectively.
128
Year Ended
December 29,
2013
December 30,
2012
January 1,
2012
Cost of sales, buying and occupancy
$
672
$
502
$
269
Direct store expenses
104
127
134
Selling, general and administrative expenses
5,004
4,024
3,371
Total equity-based compensation expense $
5,780
$
4,653
$
3,774