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Stock-Based Compensation Arrangements (Tables)
 6 Months Ended
Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement [Text Block]
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.
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.
Schedule of Stock-Based Compensation Expense and Associated Tax Benefits Recognized
11. Stock-Based Compensation Arrangements:
2014 Equity Incentive Plan
The 2014 Equity Incentive Plan provides Parent authority to grant equity incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, stock bonus awards or performance compensation awards to certain directors, officers or employees of the Company. 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 Awards
During the first quarter of 2019, certain officers of the Company were granted stock bonus awards under the 2014 Equity Incentive Plan. The number of common shares of Parent awarded was based on the fair market value of Parent’s common stock as of December 31, 2018. The shares granted to the officers were fully vested immediately on the date that they were granted. In addition, during 2019, the Company agreed to issue fully vested common shares of Parent to certain officers of the Company in the first quarter 2020 based on the Company’s financial performance for Fiscal 2019.
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.