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Stock-Based Compensation Arrangements
 6 Months Ended
Jun. 30, 2019
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 options outstanding under the equity incentive plan as of June 30, 2019 and the activity for the six months ended June 30, 2019 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, December 30, 2018
1,987,331

$8.87


     Options granted
424,985

$8.86


     Options forfeited
(36,783
)
$10.46


Outstanding stock options, June 30, 2019
2,375,533

$8.84
5.9
$
3,013

Stock options expected to vest, June 30, 2019
1,599,290

$9.02
6.2
$
1,739

Exercisable stock options, June 30, 2019
598,545

$8.30
4.8
$
1,080

__________________
(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.
As of June 30, 2019, we had $1.7 million of total unrecognized share-based compensation expense related to unvested options, which is expected to be amortized over the remaining weighted-average vesting period of 4.2 years.
Stock-Based Compensation Arrangements
The following tables summarize stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements for the periods presented:
 
Three Months Ended
 
June 30,
2019
 
July 1,
2018
 
(in thousands)
Stock-based compensation costs related to stock awards
$
782

 
$
—

Stock-based compensation costs related to incentive stock options
171

 
166

Portion capitalized as property and equipment (1)
(5
)
 
(3
)
Stock-based compensation expense recognized
$
948

 
$
163

Payroll taxes related to stock awards
$
—

 
$
—


 
Six Months Ended
 
June 30,
2019
 
July 1,
2018
 
(in thousands)
Stock-based compensation costs related to stock awards
$
1,814

 
$
—

Stock-based compensation costs related to incentive stock options
297

 
233

Portion capitalized as property and equipment (1)
(15
)
 
(6
)
Stock-based compensation expense recognized
$
2,096

 
$
227

Payroll taxes related to stock awards
$
15

 
$
—


 __________________
(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 venue development projects, such as the design and construction of a new venue and the remodeling and expansion of our existing venues. Capitalized stock-based compensation costs attributable to our venue development projects are included in “Property and equipment, net” in the Consolidated Balance Sheets.