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Stock-Based Compensation (Tables)
9 Months Ended
Oct. 01, 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
 October 1, 2013

 

Thirteen
 Weeks Ended
 October 2, 2012

 

Thirty-nine
 Weeks Ended
 October 1, 2013

 

Thirty-nine
 Weeks Ended
 October 2, 2012

 

 

 

 

 

 

 

 

 

 

 

Labor expenses

 

$

1,158

 

$

932

 

$

3,251

 

$

2,765

 

Other operating costs and expenses

 

35

 

47

 

133

 

142

 

General and administrative expenses

 

2,267

 

1,174

 

6,889

 

5,520

 

Total stock-based compensation

 

3,460

 

2,153

 

10,273

 

8,427

 

Income tax benefit

 

1,324

 

823

 

3,930

 

3,223

 

Total stock-based compensation, net of taxes

 

$

2,136

 

$

1,330

 

$

6,343

 

$

5,204

 

 

 

 

 

 

 

 

 

 

 

Capitalized stock-based compensation (1)

 

$

41

 

$

56

 

$

129

 

$

206

 

 

 

(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

 

(2,358

)

26.67

 

 

 

 

 

Forfeited or cancelled

 

(177

)

23.36

 

 

 

 

 

Outstanding at October 1, 2013

 

5,265

 

$

23.65

 

4.3

 

$

110,260

 

 

 

 

 

 

 

 

 

 

 

Exercisable at October 1, 2013

 

2,646

 

$

24.97

 

3.4

 

$

51,926

 

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

 

534

 

37.77

 

Vested

 

(173

)

14.49

 

Forfeited

 

(106

)

30.15

 

Outstanding at October 1, 2013

 

1,571

 

$

31.75