Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 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):

	Fiscal Year
	2019		2018		2017(2)
Labor expenses	$	6,233	$	5,681	$	5,236
Other operating costs and expenses		274		287		243
General and administrative expenses		12,866		14,020		10,978
Total stock-based compensation		19,373		19,988		16,457
Income tax benefit		4,760		4,987		6,295
Total stock-based compensation, net of taxes	$	14,613	$	15,001	$	10,162
Capitalized stock-based compensation (1)	$	226	$	262	$	239

(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 on the consolidated balance sheets.

(2) Fiscal 2017 stock-based compensation expense includes a $3.9 million benefit for an out-of-period adjustment related to a correction in stock-based compensation valuation and forfeitures.

Schedule of stock option activity

				Weighted
				Average
		Weighted		Remaining	Aggregate
		Average		Contractual	Intrinsic
	Shares	Exercise Price		Term	Value(1)
	(In thousands)	(Per share)		(In years)	(In thousands)
Outstanding at beginning of year	1,799	$	45.03	4.1	$	5,606
Granted	307	$	45.90
Exercised	(260)	$	29.72
Forfeited or cancelled	(17)	$	48.38
Outstanding at end of year	1,829	$	47.32	4.3	$	844
Exercisable at end of year	986	$	46.04	2.8	$	844

(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 pre-tax 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

Restricted share and restricted share unit activity during fiscal 2019 was as follows:

		Weighted
		Average
		Fair
	Shares	Value
	(In thousands)	(Per share)
Outstanding at beginning of year	1,702	$	48.08
Granted	541	$	45.02
Vested	(349)	$	45.26
Forfeited	(130)	$	47.19
Outstanding at end of year	1,764	$	47.76