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Stock-Based Compensation Arrangements
 3 Months Ended
Apr. 03, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]
A summary of the option activity under the equity incentive plan as of April 3, 2016 and the activity for the three months ended April 3, 2016 is presented below:
 
Stock Options
Weighted Average Exercise Price (1)
Weighted Average Remaining Contractual Term
Aggregate Intrinsic Value
 
 
($ per share)
 
($ in thousands)
Outstanding stock options, January 3, 2016
2,393,084

$8.59


     Options Granted
101,110

$12.51


     Options Exercised
(13,399
)
$8.86


     Options Forfeited
(11,185
)
$10.91


Outstanding stock options, April 3, 2016
2,469,610

$8.78
8.14
10,141

Stock options expected to vest, April 3, 2016
2,222,650

$8.78
8.14
9,127

Exercisable stock options, April 3, 2016
327,726

$8.32
7.92
2,861

 
 
 
 
 
__________________
(1)    The weighted average exercise price reflects the original grant date fair value per option as adjusted for the dividend payment made in August 2015.
Stock-Based Compensation Arrangements
The following table summarizes stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements for the periods presented:
 
Three Months Ended
 
April 3,
2016
 
March 29,
2015
 
(in thousands)
Stock-based compensation costs
$
168

 
$
395

Portion capitalized as property and equipment (1)
(33
)
 
(4
)
Stock-based compensation expense recognized
$
135

 
$
391

Excess tax benefit recognized from exercise of stock-based compensation awards
$
4

 
$
—

 __________________
(1)
We capitalize the portion of stock-based compensation costs related to our design, construction, facilities and legal departments that are directly attributable to our store development projects, such as the design and construction of a new store and the remodeling and expansion of our existing stores. Capitalized stock-based compensation cost attributable to our store development projects is included in “Property and equipment, net” in the Consolidated Balance Sheets.