Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of information related to stock-based compensation

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

	Thirteen Weeks Ended March 31, 2015		Thirteen Weeks Ended April 1, 2014

Labor expenses	$	1,546	$	1,340
Other operating costs and expenses	73		47
General and administrative expenses	3,112		2,452
Total stock-based compensation	4,731		3,839
Income tax benefit	1,810		1,469
Total stock-based compensation, net of taxes	$	2,921	$	2,370

Capitalized stock-based compensation (1)	$	67	$	48

(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 30, 2014	4,023		$	26.34	3.7	$	97,406
Granted	312		48.01
Exercised	(280	)	20.25
Forfeited or cancelled	(12	)	24.87
Outstanding at March 31, 2015	4,043		$	28.43	3.9	$	84,484

Exercisable at March 31, 2015	2,434		$	24.64	2.9	$	60,095

(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 pretax 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 30, 2014	1,820		$	37.12
Granted	297		48.48
Vested	(213	)	26.89
Forfeited	(39	)	35.40
Outstanding at March 31, 2015	1,865		$	40.14