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Management Incentive Plans (Tables)
3 Months Ended
Mar. 27, 2018
Schedule of Restricted Stock Units, Activity

A summary of stock-based compensation activity related to restricted stock units for the 13 weeks ended March 27, 2018 are as follows:

 

 

 

Units

 

 

Weighted

Average

Fair

Value

 

 

Weighted

Average

Remaining

Contractual

Term

(Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding and expected to vest at December 26, 2017

 

 

250,552

 

 

$

18.66

 

 

 

8.7

 

 

$

2,380,244

 

Granted

 

 

21,046

 

 

$

8.80

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(4,976

)

 

$

19.88

 

 

 

 

 

 

 

 

 

Vested

 

 

(43,328

)

 

$

17.15

 

 

 

 

 

 

 

 

 

Outstanding and expected to vest at March 27, 2018

 

 

223,294

 

 

$

18.00

 

 

 

7.7

 

 

$

1,953,823

 

 

Non-Qualified Stock Options [Member]  
Schedule of Non-Qualified Stock Option Grants, Activity

The following table sets forth information about the fair value of the non-qualified stock option grants on the date of grant using the Black-Scholes option-pricing model and the weighted average assumptions used for such a grant for the 13 weeks ended March 27, 2018:

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

(Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding and expected to vest at December 26, 2017

 

 

961,668

 

 

$

19.41

 

 

8.6

 

 

$

—

 

Granted

 

 

8,000

 

 

$

8.80

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(17,114

)

 

$

20.54

 

 

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

$

—

 

 

 

 

 

 

 

 

 

Outstanding and expected to vest at March 27, 2018

 

 

952,554

 

 

$

19.14

 

 

 

8.4

 

 

$

—

 

Exercisable at March 27, 2018

 

 

274,941

 

 

$

20.68

 

 

 

8.0

 

 

$

—

 

 

2014 Omnibus Incentive Plan [Member]  
Summary of Stock-Based Compensation Expense Related to Incentive Plan

The stock-based compensation expense related to the 2014 Omnibus Incentive Plan and to units issued under The Habit Restaurants, LLC Management Incentive Plan is summarized in the table below for the periods indicated: (in thousands)

 

 

 

13 Weeks Ended

 

 

 

March 27,

 

 

March 28,

 

 

 

2018

 

 

2017

 

Stock-based compensation expense

 

$

667

 

 

$

498