Stock-Based Compensation (Tables)

12 Months Ended

Dec. 29, 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):

	Fiscal Year
	2020		2019		2018
Labor expenses	$	7,753	$	6,233	$	5,681
Other operating costs and expenses		309		274		287
General and administrative expenses		13,288		12,866		14,020
Total stock-based compensation		21,350		19,373		19,988
Income tax benefit		5,245		4,760		4,987
Total stock-based compensation, net of taxes	$	16,105	$	14,613	$	15,001
Capitalized stock-based compensation (1)	$	207	$	226	$	262

(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.

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	1,829	$	47.32	4.3	$	844
Granted	654	$	40.16
Exercised	(18)	$	34.38
Forfeited or cancelled	(171)	$	47.75
Outstanding at end of year	2,294	$	45.35	5.0	$	307
Exercisable at end of year	1,121	$	46.77	2.4	$	307

(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

		Weighted
		Average
		Fair
	Shares	Value
	(In thousands)	(Per share)
Outstanding at beginning of year	1,764	$	47.76
Granted	763	$	37.94
Vested	(316)	$	49.35
Forfeited	(203)	$	48.54
Outstanding at end of year	2,008	$	43.70