Stock-Based Compensation (Tables)

9 Months Ended

Oct. 02, 2018

Stock-Based Compensation

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		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	October 2, 2018		October 3, 2017		October 2, 2018		October 3, 2017
Labor expenses	$	(129)	$	1,726	$	4,046	$	5,187
Other operating costs and expenses		110		64		220		226
General and administrative expenses		4,751		3,489		11,541		9,654
Total stock-based compensation (1)		4,732		5,279		15,807		15,067
Income tax benefit		1,180		2,019		3,944		5,763
Total stock-based compensation, net of taxes	$	3,552	$	3,260	$	11,863	$	9,304
Capitalized stock-based compensation (2)	$	71	$	58	$	209	$	207

(1) Changes or true ups of forfeiture rate estimates may cause variability in quarterly amounts.

(2) 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

				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
	Shares	Exercise Price		Term	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	381		47.22
Exercised	(245)		29.97
Forfeited or cancelled	(37)		50.01
Outstanding at  October 2, 2018	1,840	$	44.70	4.3	$	15,200
Exercisable at  October 2, 2018	1,051	$	40.48	2.8	$	12,533

(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

		Weighted
		Average
	Shares	Fair Value
	(In thousands)	(Per share)
Outstanding at January 2, 2018	1,694	$	46.38
Granted	444		48.02
Vested	(356)		41.57
Forfeited	(116)		46.17
Outstanding at October 2, 2018	1,666	$	47.79