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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 29, 2015
Stock-Based Compensation  
Schedule of information related to stock-based compensation

 

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

 

 

 

Fiscal Year

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Labor expenses

 

$

5,748 

 

$

5,245 

 

$

4,478 

 

Other operating costs and expenses

 

268 

 

216 

 

195 

 

General and administrative expenses

 

14,037 

 

11,356 

 

9,462 

 

 

 

 

 

 

 

 

 

Total stock-based compensation

 

20,053 

 

16,817 

 

14,135 

 

Income tax benefit

 

7,670 

 

6,433 

 

5,407 

 

 

 

 

 

 

 

 

 

Total stock-based compensation, net of taxes

 

$

12,383 

 

$

10,384 

 

$

8,728 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized stock-based compensation (1)

 

$

272 

 

$

216 

 

$

177 

 

 

 

(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 beginning of year

 

4,023

 

$

26.34

 

3.7

 

$

97,406

 

Granted

 

311

 

$

48.01

 

 

 

 

 

Exercised

 

(1,230

)

$

22.77

 

 

 

 

 

Forfeited or cancelled

 

(38

)

$

24.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of year

 

3,066

 

$

30.00

 

3.6

 

$

52,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of year

 

1,798

 

$

23.91

 

2.5

 

$

41,311

 

 

 

(1)

Aggregate intrinsic value is calculated as the difference between our closing stock price at fiscal year 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 year end date.

Schedule of restricted share and restricted share unit activity

 

 

 

Shares

 

Weighted
Average
Fair
Value

 

 

 

(In thousands)

 

(Per share)

 

Outstanding at beginning of year

 

1,820

 

$

37.12

 

Granted

 

445

 

$

49.70

 

Vested

 

(268

)

$

27.88

 

Forfeited

 

(106

)

$

38.45

 

 

 

 

 

 

 

 

Outstanding at end of year

 

1,891

 

$

41.31