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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 28, 2021

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
	2021		2020		2019

Labor expenses	$	8,856	$	7,753	$	6,233
Other operating costs and expenses		311		309		274
General and administrative expenses		13,821		13,288		12,866
Total stock-based compensation		22,988		21,350		19,373
Income tax benefit		5,646		5,245		4,760
Total stock-based compensation, net of taxes	$	17,342	$	16,105	$	14,613

Capitalized stock-based compensation ⁽¹⁾	$	194	$	207	$	226

(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
		Average		Contractual	Aggregate
	Shares	Exercise Price		Term	Intrinsic Value⁽¹⁾
	(In thousands)	(Per share)		(In years)	(In thousands)
Outstanding at beginning of year	2,294	$	45.35	5.0	$	307
Granted	—	$	—
Exercised	(577)	$	42.97
Forfeited or cancelled	(1)	$	61.50
Outstanding at end of year	1,716	$	46.14	5.1	$	—

Exercisable at end of year	864	$	48.97	3.5	$	—

(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
	Shares	Fair Value
	(In thousands)	(Per share)
Outstanding at beginning of year	2,008	$	43.70
Granted	661	$	49.57
Vested	(320)	$	48.12
Forfeited	(226)	$	44.06
Outstanding at end of year	2,123	$	44.82