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Tractor Supply Co./DE – ‘10-K’ for 12/26/20 – ‘R36’

On:  Thursday, 2/18/21, at 5:24pm ET   ·   For:  12/26/20   ·   Accession #:  916365-21-52   ·   File #:  0-23314

Previous ‘10-K’:  ‘10-K’ on 2/20/20 for 12/28/19   ·   Next:  ‘10-K’ on 2/17/22 for 12/25/21   ·   Latest:  ‘10-K’ on 2/23/24 for 12/30/23   ·   42 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/18/21  Tractor Supply Co./DE             10-K       12/26/20   75:10M

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        10-K Tractor Supply Company                         HTML   1.21M 
 2: EX-4.6      EX-4.6 Description of Registrant's Securities       HTML     44K 
 3: EX-10.59    EX-10.59 Form of Performance Share Unit Agreement   HTML     44K 
                for Petsense                                                     
 4: EX-10.60    EX-10.60 Form of Restricted Share Unit Agreement    HTML     44K 
                for Petsense                                                     
 5: EX-10.61    EX-10.61 Form of Nonqualified Stock Option          HTML     42K 
                Agreement for Petsense                                           
 6: EX-21       EX-21 Subsidiaries List                             HTML     21K 
 7: EX-23       EX-23 Consent                                       HTML     21K 
 8: EX-31.1     EX-31.1 Section 302 CEO Certification               HTML     24K 
 9: EX-31.2     EX-31.2 Section 302 CFO Certification               HTML     24K 
10: EX-32       EX-32 Section 906 Certification                     HTML     21K 
17: R1          Cover                                               HTML     81K 
18: R2          New Accounting Pronouncements                       HTML     26K 
19: R3          Consolidated Statements of Income                   HTML     85K 
20: R4          Consolidated Statements of Comprehensive Income     HTML     38K 
21: R5          Consolidated Balance Sheets                         HTML    110K 
22: R6          Consolidated Balance Sheets (Parenthetical)         HTML     37K 
23: R7          Consolidated Statements of Stockholders' Equity     HTML     72K 
24: R8          Consolidated Statements of Cash Flows               HTML    121K 
25: R9          Treasury Stock                                      HTML     30K 
26: R10         Capital Stock and Dividends (Details)               HTML     22K 
27: R11         Treasury Stock (Details)                            HTML     21K 
28: R12         Significant Accounting Policies                     HTML     93K 
29: R13         Share Based Compensation                            HTML    101K 
30: R14         Goodwill and Other Intangible Assets                HTML     43K 
31: R15         Debt                                                HTML    135K 
32: R16         Interest Rate Swaps                                 HTML     56K 
33: R17         Leases                                              HTML     67K 
34: R18         Capital Stock and Dividends                         HTML     38K 
35: R19         Net Income Per Share                                HTML     46K 
36: R20         Income Taxes                                        HTML     91K 
37: R21         Retirement Benefit Plans                            HTML     26K 
38: R22         Commitments and Contingencies                       HTML     26K 
39: R23         Segment Reporting                                   HTML     36K 
40: R24         Subsequent Events                                   HTML     22K 
41: R25         Significant Accounting Policies (Policies)          HTML    182K 
42: R26         Significant Accounting Policies (Tables)            HTML     34K 
43: R27         Share Based Compensation (Tables)                   HTML     91K 
44: R28         Debt (Tables)                                       HTML     37K 
45: R29         Interest Rate Swaps (Tables)                        HTML     57K 
46: R30         Leases, Supplemental Lease Liability                HTML     72K 
47: R31         Capital Stock and Dividends (Tables)                HTML     32K 
48: R32         Net Income Per Share (Tables)                       HTML     46K 
49: R33         Income Taxes (Tables)                               HTML     94K 
50: R34         Segment Reporting (Tables)                          HTML     32K 
51: R35         Significant Accounting Policies (Details)           HTML    121K 
52: R36         Share Based Compensation (Details)                  HTML    165K 
53: R37         Goodwill and Other Intangible Assets (Details)      HTML     37K 
54: R38         Senior Notes (Details)                              HTML     70K 
55: R39         Senior Credit Facility - Credit Agreement           HTML    133K 
                (Details)                                                        
56: R40         Interest Rate Swaps (Details)                       HTML     85K 
57: R41         Interest Rate Swaps Estimated Amount to be          HTML     27K 
                Reclassified into Earnings Next 12 Months                        
                (Details)                                                        
58: R42         Interest Rate Swaps Schedule of Changes in AOCL     HTML     36K 
                Net of Tax (Details)                                             
59: R43         Interest Rate Swaps Tax Impact of Derivative        HTML     22K 
                Liability on Accumulated Other Comprehensive                     
                Income (Loss) (Details)                                          
60: R44         Interest Rate Swaps Ending Fiscal Period AOCL       HTML     24K 
                Balance (Details)                                                
61: R45         Leases, Term and Discount                           HTML     29K 
62: R46         Leases, Cost                                        HTML     31K 
63: R47         Leases, Maturities Table                            HTML     86K 
64: R48         Leases (Details)                                    HTML     30K 
65: R49         Capital Stock (Details)                             HTML     23K 
66: R50         Net Income Per Share (Details)                      HTML     56K 
67: R51         Income Taxes (Details)                              HTML    133K 
68: R52         Retirement Benefit Plans (Details)                  HTML     33K 
69: R53         Retirement Benefit Plans Deferred Compensation      HTML     23K 
                (Details)                                                        
70: R54         Commitments and Contingencies (Details)             HTML     23K 
71: R55         Segment Reporting (Details)                         HTML     35K 
73: XML         IDEA XML File -- Filing Summary                      XML    123K 
16: XML         XBRL Instance -- tsco-20201226_htm                   XML   1.86M 
72: EXCEL       IDEA Workbook of Financial Reports                  XLSX    108K 
12: EX-101.CAL  XBRL Calculations -- tsco-20201226_cal               XML    155K 
13: EX-101.DEF  XBRL Definitions -- tsco-20201226_def                XML    659K 
14: EX-101.LAB  XBRL Labels -- tsco-20201226_lab                     XML   2.03M 
15: EX-101.PRE  XBRL Presentations -- tsco-20201226_pre              XML   1.10M 
11: EX-101.SCH  XBRL Schema -- tsco-20201226                         XSD    199K 
74: JSON        XBRL Instance as JSON Data -- MetaLinks              407±   590K 
75: ZIP         XBRL Zipped Folder -- 0000916365-21-000052-xbrl      Zip    624K 


‘R36’   —   Share Based Compensation (Details)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.4
Share Based Compensation (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Share-based Compensation Arrangement by Share-based Payment Award      
Number of shares available for future equity awards (in shares) 10,600,000    
Share-based compensation $ 37,273 $ 31,136 $ 28,921
Vesting Term, Minimum 1 year    
Vesting Term, Maximum 3 years    
Payments Related to Tax Withholding for Share-based Compensation $ 7,799 $ 3,818 1,367
Key assumptions in fair value determination      
Stock option expiration date (in years) ten    
Stock options, additional disclosures      
Weighted average fair value, Granted (in dollars per share) $ 19.97    
Weighted average remaining contractual term, Outstanding, end of period (in years) 5 years 9 months 18 days 6 years 9 months 18 days  
Weighted average remaining contractual term, Exercisable, end of period (in years) 4 years 1 month 6 days    
Aggregate intrinsic value, Outstanding, beginning of period $ 47,834    
Aggregate intrinsic value, Outstanding, end of period 128,411 $ 47,834  
Aggregate intrinsic value, Exercisable at end of period $ 86,005    
Other information relative to restricted unit activity      
Employee stock purchase program discount percentage 15.00%    
Shared-based Compensation $ 37,300 31,100 28,900
Shared-based Payment Arrangement, Amounts Withheld for Tax Withholding 7,800 $ 3,800 $ 1,400
Employee Stock Option      
Share-based Compensation Arrangement by Share-based Payment Award      
Total unrecognized compensation $ 8,500    
Remaining weighted average expense recognition period (in years) 1 year 9 months 18 days    
Key assumptions in fair value determination      
Weighted average expected lives (in years) 4 years 3 months 18 days 4 years 6 months 4 years 6 months
Forfeiture rate, minimum (in hundredths) 7.00% 7.30% 7.30%
Dividend yield, minimum (in hundredths) 1.50% 1.40% 1.60%
Stock option activity      
Outstanding, beginning of period (in shares) 2,817,519    
Granted (in shares) 443,967    
Exercised (in shares) (1,269,533)    
Canceled (in shares) (59,543)    
Outstanding, end of period (in shares) 1,932,410 2,817,519  
Exercisable, end of period (in shares) 1,199,968    
Stock options, additional disclosures      
Weighted average exercise price, Outstanding, beginning of period (in dollars per share) $ 75.34    
Weighted average exercise price, Granted (in dollars per share) 94.62    
Weighted average exercise price, Exercised (in dollars per share) 74.17    
Weighted average exercise price, Cancelled (in dollars per share) 78.93    
Weighted average exercise price, Outstanding, end of period (in dollars per share) 80.44 $ 75.34  
Weighted average exercise price, Exercisable, end of period (in dollars per share) $ 75.21    
Other information relative to option activity      
Total fair value of stock options vested $ 12,546 $ 16,060 $ 18,247
Total intrinsic value of stock options exercised 64,395 45,101 43,476
Employee Stock Purchase Plan      
Share-based Compensation Arrangement by Share-based Payment Award      
Share-based compensation $ 1,400 $ 1,100 $ 1,100
Discount rate of employee stock purchase plan (in hundredths) 15.00%    
Shares of common stock issued for employee stock purchase plan (in shares) 63,704 61,678 77,458
Shares of common stock reserved for future issuance under the ESPP (in shares) 11,800,000    
Employee Stock Purchase Plan | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award      
Shares of common stock reserved for future issuance under the ESPP (in shares) 16,000,000.0    
Restricted Stock Units (RSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award      
Total unrecognized compensation $ 28,200    
Remaining weighted average expense recognition period (in years) 1 year 10 months 24 days    
Shares issued as a result of vested restricted stock units (in shares) 186,751 103,124 53,714
Payments Related to Tax Withholding for Share-based Compensation $ 7,799 $ 3,818 $ 1,367
Restricted stock units      
Restricted, beginning of period (in shares) 543,406    
Granted (in shares) 322,485    
Exercised (in shares) (238,987)    
Forfeited (in shares) (31,259)    
Restricted, end of period (in shares) 595,645 543,406  
Restricted stock units, additional disclosures      
Weighted average grant date fair value, Restricted, beginning of period (in dollars per share) $ 73.55    
Weighted average grant date fair value, Granted (in dollars per share) 96.41    
Weighted average grant date fair value, Exercised (in dollars per share) 75.05    
Weighted average grant date fair value, Forfeited (in dollars per share) 80.90    
Weighted average grant date fair value, Restricted, end of period (in dollars per share) $ 85.27 $ 73.55  
Other information relative to restricted unit activity      
Total grant date fair value of restricted units vested and exercised $ 17,935 $ 8,301 5,325
Total intrinsic value of restricted units vested and exercised $ 23,011 $ 10,623 $ 5,364
Shares Paid for Tax Withholding for Share Based Compensation 81,946 41,786 17,131
Performance-Based Restricted Share Units      
Share-based Compensation Arrangement by Share-based Payment Award      
Total unrecognized compensation $ 8,500    
Remaining weighted average expense recognition period (in years) 1 year 6 months    
Restricted stock units      
Restricted, beginning of period (in shares) 93,461    
Granted (in shares) 83,368    
Exercised (in shares) (29,710)    
Forfeited (in shares) (3,851)    
Restricted, end of period (in shares) 143,268 93,461  
Restricted stock units, additional disclosures      
Weighted average grant date fair value, Restricted, beginning of period (in dollars per share) $ 75.97    
Weighted average grant date fair value, Granted (in dollars per share) 88.76    
Weighted average grant date fair value, Exercised (in dollars per share) 63.77    
Weighted average grant date fair value, Forfeited (in dollars per share) 74.91    
Weighted average grant date fair value, Restricted, end of period (in dollars per share) $ 87.94 $ 75.97  
Other information relative to restricted unit activity      
Total grant date fair value of restricted units vested and exercised $ 1,895 $ 2,035 $ 0
Total intrinsic value of restricted units vested and exercised $ 2,826 $ 2,666 $ 0

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/18/21
For Period end:12/26/20DEF 14A
12/28/1910-K
12/29/1810-K
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/23  Tractor Supply Co./DE             10-K       12/31/22   70:10M
 2/17/22  Tractor Supply Co./DE             10-K       12/25/21   74:10M


40 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/05/20  Tractor Supply Co./DE             8-K:1,2,9  11/05/20   14:2.8M
10/30/20  Tractor Supply Co./DE             8-K:1,2,7,910/30/20   14:682K                                   Donnelley … Solutions/FA
10/28/20  Tractor Supply Co./DE             8-K:1,9    10/27/20   11:289K                                   Donnelley … Solutions/FA
10/22/20  Tractor Supply Co./DE             S-3ASR     10/22/20    6:1.7M
10/22/20  Tractor Supply Co./DE             10-Q        9/26/20   62:6.4M
10/16/20  Tractor Supply Co./DE             8-K:5,9    10/16/20   13:338K
 5/07/20  Tractor Supply Co./DE             10-Q        3/28/20   60:5.6M
 4/23/20  Tractor Supply Co./DE             8-K:1,2,9   4/23/20   15:1.3M
 3/18/20  Tractor Supply Co./DE             8-K:1,2,9   3/18/20   13:263K
 2/20/20  Tractor Supply Co./DE             10-K       12/28/19   77:11M
12/20/19  Tractor Supply Co./DE             8-K:5,9    12/20/19   13:273K
12/06/19  Tractor Supply Co./DE             8-K:5,8,9  12/06/19   15:753K
11/12/19  Tractor Supply Co./DE             8-K:5,9    11/12/19   13:350K
 9/06/19  Tractor Supply Co./DE             8-K:5       9/06/19   13:314K
 8/23/19  Tractor Supply Co./DE             8-K/A:5     8/23/19   13:404K
 3/01/19  Tractor Supply Co./DE             8-K:5,9     3/01/19    2:228K
 2/21/19  Tractor Supply Co./DE             10-K       12/29/18   75:8.6M
11/14/18  Tractor Supply Co./DE             8-K:1,9    11/14/18    2:109K
 8/09/18  Tractor Supply Co./DE             10-Q        6/30/18   61:4.2M
 3/27/18  Tractor Supply Co./DE             DEF 14A     3/26/18    2:16M
 2/22/18  Tractor Supply Co./DE             10-K       12/30/17   74:8.7M
 8/16/17  Tractor Supply Co./DE             8-K:1,2,9   8/16/17    2:727K
 6/19/17  Tractor Supply Co./DE             8-K:1,2,9   6/19/17    2:100K
 2/23/16  Tractor Supply Co./DE             8-K:1,2,9   2/22/16    2:1M
 2/18/15  Tractor Supply Co./DE             10-K        2/18/15   57:8.8M
 5/21/14  Tractor Supply Co./DE             8-K:1,2,9   5/21/14    2:245K
10/28/11  Tractor Supply Co./DE             8-K:1,2,9  10/26/11    2:1M
 5/03/11  Tractor Supply Co./DE             10-Q        5/03/11   36:2.3M
11/02/09  Tractor Supply Co./DE             10-Q        9/26/09    8:885K                                   Donnelley … Solutions/FA
 8/04/09  Tractor Supply Co./DE             10-Q        6/27/09    9:525K                                   Donnelley … Solutions/FA
 4/14/09  Tractor Supply Co./DE             8-K:8,9     4/14/09    2:99K                                    Bowne of Atlanta Inc./FA
 2/25/09  Tractor Supply Co./DE             10-K       12/27/08    6:718K                                   Bowne - BPC/FA
 2/27/08  Tractor Supply Co./DE             10-K       12/29/07   12:843K                                   Bowne - BPC/FA
 2/28/07  Tractor Supply Co./DE             10-K       12/30/06   10:535K                                   Toppan Vite NY Inc./FA
 4/27/06  Tractor Supply Co./DE             8-K:8,9     4/27/06    2:95K                                    Donnelley Fi… Express/FA
 3/08/04  Tractor Supply Co./DE             10-K       12/27/03    9:445K                                   Toppan Vite NY Inc./FA
 5/13/02  Tractor Supply Co./DE             10-Q        3/30/02    8:310K                                   Bowne of Atlanta Inc./FA
 3/23/01  Tractor Supply Co./DE             10-K       12/30/00   17:658K                                   Bowne of Atlanta Inc./FA
 9/10/97  Tractor Supply Co./DE             S-3                   11:260K                                   Donnelley … Solutions/FA
 8/23/96  Tractor Supply Co./DE             S-8         9/11/96   12:61K                                    Bowne of Atlanta Inc./FA
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Filing Submission 0000916365-21-000052   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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