Stock-Based Compensation

9 Months Ended

Oct. 02, 2011

Stock-Based Compensation [Abstract]

Stock-Based Compensation

9. Stock-Based Compensation:

We maintain four stock-based compensation plans pursuant to which we may grant awards of restricted stock to our employees and non-employee directors. The fair value of all stock-based awards, less estimated forfeitures, is recognized as stock-based compensation expense in our consolidated financial statements over the vesting period of the award.

The following table summarizes total pre-tax stock-based compensation expense recognized in our unaudited condensed consolidated financial statements:

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(in thousands)
Total stock-based compensation expense	$	1,749		$	1,906		$	5,628		$	5,654
Portion capitalized as property and equipment(1)		(49	)		(48	)		(149	)		(143	)
Stock-based compensation expense recognized(2)	$	1,700		$	1,858		$	5,479		$	5,511

⁽¹⁾  We capitalize the portion of stock-based compensation expense 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 is included in "Property and equipment, net" in our unaudited condensed consolidated balance sheets.

⁽²⁾  Included in "general and administrative expense" in our unaudited condensed consolidated statements of earnings.

As of October 2, 2011, there was $14.3 million of unrecognized pre-tax stock-based compensation expense related to restricted stock granted that will be recognized over a weighted average remaining vesting period of 1.7 years.