Stock-Based Compensation (Tables)

6 Months Ended

Jul. 01, 2014

Schedule of information related to stock-based compensation

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

	Thirteen Weeks Ended July 1, 2014		Thirteen Weeks Ended July 2, 2013		Twenty-Six Weeks Ended July 1, 2014		Twenty-Six Weeks Ended July 2, 2013

Labor expenses	$	1,196	$	1,049	$	2,536	$	2,093
Other operating costs and expenses	42		52		89		98
General and administrative expenses	2,661		2,307		5,113		4,622
Total stock-based compensation	3,899		3,408		7,738		6,813
Income tax benefit	1,491		1,304		2,960		2,606
Total stock-based compensation, net of taxes	$	2,408	$	2,104	$	4,778	$	4,207

Capitalized stock-based compensation (1)	$	51	$	41	$	99	$	88

(1)

It is our policy to capitalize the portion of stock-based compensation costs for our internal development and construction, legal, and facilities departments that relates to capitalizable 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 (1)
	(In thousands)		(Per share)		(In years)	(In thousands)
Outstanding at December 31, 2013	4,823		$	23.70	4.1	$	118,505
Granted	330		48.19
Exercised	(449	)	19.22
Forfeited or cancelled	(26	)	30.26
Outstanding at July 1, 2014	4,678		$	25.82	3.9	$	98,824

Exercisable at July 1, 2014	2,649		$	23.74	3.1	$	61,213

(1)

Aggregate intrinsic value is calculated as the difference between our closing stock price at fiscal period end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised their options on the fiscal period end date.

Schedule of restricted share and restricted share unit activity

	Shares		Weighted Average Fair Value
	(In thousands)		(Per share)

Outstanding at December 31, 2013	1,672		$	32.81
Granted	307		48.11
Vested	(166	)	23.01
Forfeited	(56	)	36.19
Outstanding at July 1, 2014	1,757		$	36.30