XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation Arrangements (Tables)
 9 Months Ended
Oct. 01, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
 
Nine Months Ended
 
October 1,
2017
 
October 2,
2016
 
(in thousands)
Stock-based compensation costs
$
531

 
$
532

Portion capitalized as property and equipment (1)
(11
)
 
(10
)
Stock-based compensation expense recognized
$
520

 
$
522

Excess tax benefit recognized from exercise of stock-based compensation awards
$
—

 
$
4

The following table summarizes stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements for the periods presented:
 
Three Months Ended
 
October 1,
2017
 
October 2,
2016
 
(in thousands)
Stock-based compensation costs
$
187

 
$
188

Portion capitalized as property and equipment (1)
(3
)
 
(3
)
Stock-based compensation expense recognized
$
184

 
$
185


 
Nine Months Ended
 
October 1,
2017
 
October 2,
2016
 
(in thousands)
Stock-based compensation costs
$
531

 
$
532

Portion capitalized as property and equipment (1)
(11
)
 
(10
)
Stock-based compensation expense recognized
$
520

 
$
522

Excess tax benefit recognized from exercise of stock-based compensation awards
$
—

 
$
4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]
A summary of the options outstanding under the equity incentive plan as of October 1, 2017 and the activity for the nine months ended October 1, 2017 is presented below:
 
Stock Options
Weighted Average Exercise Price (1)
Weighted Average Remaining Contractual Term
Aggregate Intrinsic Value
 
 
($ per share)
 
($ in thousands)
Outstanding stock options, January 1, 2017
2,400,914

$8.74


     Options Granted
92,620

$15.93


     Options Forfeited
(33,385
)
$11.53


Outstanding stock options, October 1, 2017
2,460,149

$8.98
6.8
$
20,427

Stock options expected to vest, October 1, 2017
1,827,408

$9.09
6.8
$
14,963

Exercisable stock options, October 1, 2017
429,697

$8.43
6.5
$
3,801

 
 
 
 
 
__________________
(1)    The weighted average exercise price reflects the original grant date fair value per option as adjusted for the dividend payment made in August 2015.
As of October 1, 2017, we had $1.8 million of total unrecognized share-based compensation expense related to unvested options, which is expected to be amortized over the remaining weighted-average period of 1.5 years.
Schedule of Stock-Based Compensation Expense and Associated Tax Benefits Recognized
10. Stock-Based Compensation Arrangements:
The 2014 Equity Incentive Plan provides Queso Holdings Inc. (“Parent”) authority to grant equity incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, stock bonus awards or performance compensation awards to certain directors, officers or employees of the Company. A summary of the options outstanding under the equity incentive plan as of October 1, 2017 and the activity for the nine months ended October 1, 2017 is presented below:
 
Stock Options
Weighted Average Exercise Price (1)
Weighted Average Remaining Contractual Term
Aggregate Intrinsic Value
 
 
($ per share)
 
($ in thousands)
Outstanding stock options, January 1, 2017
2,400,914

$8.74


     Options Granted
92,620

$15.93


     Options Forfeited
(33,385
)
$11.53


Outstanding stock options, October 1, 2017
2,460,149

$8.98
6.8
$
20,427

Stock options expected to vest, October 1, 2017
1,827,408

$9.09
6.8
$
14,963

Exercisable stock options, October 1, 2017
429,697

$8.43
6.5
$
3,801

 
 
 
 
 
__________________
(1)    The weighted average exercise price reflects the original grant date fair value per option as adjusted for the dividend payment made in August 2015.
As of October 1, 2017, we had $1.8 million of total unrecognized share-based compensation expense related to unvested options, which is expected to be amortized over the remaining weighted-average period of 1.5 years.

The following table summarizes stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements for the periods presented:
 
Three Months Ended
 
October 1,
2017
 
October 2,
2016
 
(in thousands)
Stock-based compensation costs
$
187

 
$
188

Portion capitalized as property and equipment (1)
(3
)
 
(3
)
Stock-based compensation expense recognized
$
184

 
$
185


 
Nine Months Ended
 
October 1,
2017
 
October 2,
2016
 
(in thousands)
Stock-based compensation costs
$
531

 
$
532

Portion capitalized as property and equipment (1)
(11
)
 
(10
)
Stock-based compensation expense recognized
$
520

 
$
522

Excess tax benefit recognized from exercise of stock-based compensation awards
$
—

 
$
4


 __________________
(1)
We capitalize the portion of stock-based compensation costs related to our design, construction, facilities and legal departments that are directly attributable to our venue development projects, such as the design and construction of a new venue and the remodeling and expansion of our existing venues. Capitalized stock-based compensation costs attributable to our venue development projects are included in “Property and equipment, net” in the Consolidated Balance Sheets.