Stock-Based Compensation (Tables)

9 Months Ended

Oct. 01, 2019

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 1, 2019		October 2, 2018		October 1, 2019		October 2, 2018
Labor expenses	$	1,742	$	(129)	$	5,184	$	4,046
Other operating costs and expenses		68		110		204		220
General and administrative expenses		2,837		4,751		9,747		11,541
Total stock-based compensation		4,647		4,732		15,135		15,807
Income tax benefit		1,141		1,180		3,719		3,944
Total stock-based compensation, net of taxes	$	3,506	$	3,552	$	11,416	$	11,863
Capitalized stock-based compensation (1)	$	52	$	71	$	166	$	209

(1) It is our policy to capitalize the portion of stock-based compensation costs for our internal development department that relates to capitalizable activities such as the design and construction of new restaurants, remodeling existing locations 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 1, 2019	1,799	$	45.03	4.1	$	5,606
Granted	300		46.03
Exercised	(219)		29.81
Forfeited or cancelled	(17)		48.38
Outstanding at October 1, 2019	1,863	$	46.95	4.4	$	1,993
Exercisable at October 1, 2019	1,028	$	45.37	2.9	$	1,993

(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 1, 2019	1,702	$	48.08
Granted	453		45.80
Vested	(317)		45.16
Forfeited	(82)		48.05
Outstanding at October 1, 2019	1,756	$	48.01