During the past several years, the Company has received approval from the TSX to commence various normal course issuer bids ("NCIBs"). On May 5, 2011, the Company received approval from the TSX to commence its fifth normal course issuer bid (the "2011 NCIB"). The 2011 NCIB permitted the Company to acquire up to 176,440 Subordinate Voting Shares, representing approximately 5% of the Company's issued and outstanding Subordinate Voting Shares at the date of acceptance of the notice of intention in respect of the 2011 NCIB filed with the TSX. The 2011 NCIB expired on May 8, 2012 without being renewed.
During the 13 week and 26 week periods ended December 29, 2012 and December 24, 2011, repurchases of Subordinate Voting Shares under the Company's SIB and 2011 NCIB outstanding during the applicable period are presented below.
13 weeks ended 26 weeks ended -------------------------------------------------------- December 29, December 24, December 29, December 24, 2012 2011 2012 2011 --------------------------------------------------------Number of shares repurchased under SIB 787,401 - 787,401 -Number of shares repurchased under 2011 NCIB - - - 50,000Amount charged to share capital $ 3,460 - $ 3,460 $ 219Amount charged to retained earnings representing the excess over the average paid-in value $ 6,913 - $ 6,913 $ 311 --------------------------------------------------------Total cash consideration (net of tax) $ 10,373 - $ 10,373 $ 530 -------------------------------------------------------- --------------------------------------------------------
The amount of income tax recorded directly to Shareholders' Equity that was related to the SIB during the 13 week and 26 week periods ended December 29, 2012 was $92.
11. Share-based Compensation:
The Company's net share-based compensation expense recognized in selling, general and administrative expenses ("SG&A") related to its stock option, restricted share unit ("RSU") and deferred share unit ("DSU") plans is presented below:
13 Weeks Ended 26 Weeks Ended -------------------------------------------------------- December 29, December 24, December 29, December 24, 2012 2011 2012 2011 --------------------------------------------------------Stock option plan expense $ 23 $ 2 $ 46 $ 17RSU plan expense 251 156 557 314DSU plan expense 95 (36) 165 (88) -------------------------------------------------------- $ 369 $ 122 $ 768 $ 243 -------------------------------------------------------- --------------------------------------------------------
The carrying amount of the Company's share-based compensation arrangements including stock option, RSU and DSU plans are recorded on the consolidated statements of financial position as follows:
December 29, 2012 December 24, 2011 June 30, 2012 ------------------------------------------------------Payables and accruals $ 2,471 $ 1,950 $ 2,374Contributed surplus 971 945 925 ------------------------------------------------------ $ 3,442 $ 2,895 $ 3,299 ------------------------------------------------------ ------------------------------------------------------
