Sprouts Farmers Market 2015 Annual Report Download - page 101

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93
Equity-based compensation expense was as follows:
Year Ended
January 3,
2016
December 28,
2014
December 29,
2013
Cost of sales, buying and occupancy................ $681 $695 $672
Direct store expenses........................................ 1,103 788 104
Selling, general and administrative expenses... 6,234 3,872 5,004
Total equity-based compensation expense ...... $8,018 $5,355 $5,780
The Company recognized income tax benefits of $3.1 million, $2.1 million and $2.3 million for 2015,
2014, and 2013, respectively.
As of January 3, 2016, total unrecognized compensation expense related to outstanding options
was $5.3 million, which, if the service and performance conditions are fully met, is expected to be
recognized over the next 2.3 years on a weighted-average basis.
As of January 3, 2016, total unrecognized compensation expense related to outstanding RSUs was
$2.9 million, which, if the service and performance conditions are fully met, is expected to be recognized
over the next 1.4 years on a weighted-average basis.
As of January 3, 2016, total unrecognized compensation expenses related to outstanding PSAs was
$1.6 million, which, if the service and performance conditions are fully met, is expected to be recognized
over the next 1.7 years on a weighted-average basis.
During 2015, 2014 and 2013, the Company received $6.6 million, $11.1 million and $3.8 million in
cash proceeds from the exercise of options, respectively.
During 2015, 2014 and 2013, the Company recorded $20.0 million, $47.3 million and $13.4 million
of excess tax benefits from the exercise of options, respectively.