Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

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
	Weeks Ended		Weeks Ended
	March 31, 2020		April 2, 2019
Labor expenses	$	1,966	$	1,720
Other operating costs and expenses		70		69
General and administrative expenses		3,471		4,058
Total stock-based compensation		5,507		5,847
Income tax benefit		1,353		1,438
Total stock-based compensation, net of taxes	$	4,154	$	4,409
Capitalized stock-based compensation (1)	$	40	$	63

(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 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 December 31, 2019	1,829	$	47.32	4.3	$	844
Granted	654		40.16
Exercised	(4)		29.79
Forfeited or cancelled	—		—
Outstanding at March 31, 2020	2,479	$	45.46	5.5	$	10,687
Exercisable at March 31, 2020	1,239	$	46.79	3.0	$	6,380

(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 December 31, 2019	1,764	$	47.76
Granted	579		40.01
Vested	(208)		51.38
Forfeited	(70)		55.70
Outstanding at March 31, 2020	2,065	$	44.96