Stock-Based Compensation (Tables)

6 Months Ended

Jul. 02, 2013

Stock-Based Compensation

Schedule of information related to stock-based compensation

The following table presents information related to stock-based compensation (in thousands):

	Thirteen Weeks Ended July 2, 2013		Thirteen Weeks Ended July 3, 2012		Twenty-Six Weeks Ended July 2, 2013		Twenty-Six Weeks Ended July 3, 2012
Labor expenses	$	1,049	$	940	$	2,093	$	1,833
Other operating costs and expenses	52		48		98		95
General and administrative expenses	2,307		1,922		4,622		4,346
Total stock-based compensation	3,408		2,910		6,813		6,274
Income tax benefit	1,304		1,113		2,606		2,400
Total stock-based compensation, net of taxes	$	2,104	$	1,797	$	4,207	$	3,874
Capitalized stock-based compensation (1)	$	41	$	62	$	88	$	150

(1) It is our policy to capitalize the portion of stock-based compensation costs for our internal development, construction, and legal departments that relates to activities such as the design and construction of new restaurants, remodeling existing locations, lease, intellectual property and liquor license acquisition activities and equipment installation.  Capitalized stock-based compensation is included in property and equipment, net and other assets on the consolidated balance sheets.

Schedule of stock option activity

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)		(Per share)		(In years)	(In thousands)
Outstanding at January 1, 2013	7,414		$	23.98	4.2	$	66,682
Granted	386		35.62
Exercised	(1,819	)	27.17
Forfeited or cancelled	(154	)	23.56
Outstanding at July 2, 2013	5,827		$	23.77	4.4	$	108,392
Exercisable at July 2, 2013	2,935		$	25.80	3.5	$	48,630

Schedule of restricted share and restricted share unit activity

	Shares		Weighted Average Fair Value
	(In thousands)		(Per share)
Outstanding at January 1, 2013	1,316		$	26.91
Granted	406		36.23
Vested	(168	)	14.46
Forfeited	(76	)	29.00
Outstanding at July 2, 2013	1,478		$	30.77