Stock-Based Compensation (Tables)

3 Months Ended

Apr. 03, 2018

Schedule of information related to stock-based compensation, net of forfeitures

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

	Thirteen Weeks Ended April 3, 2018		Thirteen Weeks Ended April 4, 2017
Labor expenses	$	1,599	$	1,746
Other operating costs and expenses	64		98
General and administrative expenses	4,350		2,771

Total stock-based compensation	6,013		4,615
Income tax benefit	1,500		1,765

Total stock-based compensation, net of taxes	$	4,513	$	2,850


Capitalized stock-based compensation (1)	$	70	$	56

(1)

It is our policy to capitalize the portion of stock-based compensation costs for our internal development and legal 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 condensed 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 January 2, 2018	1,741		$	42.25	4.0	$	14,766
Granted	369		47.06
Exercised	(20	)	27.11
Forfeited or cancelled	—		—


Outstanding at April 3, 2018	2,090		$	43.25	4.4	$	13,609



Exercisable at April 3, 2018	1,275		$	38.66	2.9	$	13,059

(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 January 2, 2018	1,694		$	46.38
Granted	337		47.06
Vested	(245	)	42.28
Forfeited	(33	)	45.32

Outstanding at April 3, 2018	1,753		$	47.11