Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Stock-Based Compensation

Schedule of information related to stock-based compensation

The following table presents information related to stock-based compensation (in thousands):

	Thirteen Weeks Ended June 30, 2015		Thirteen Weeks Ended July 1, 2014		Twenty-Six Weeks Ended June 30, 2015		Twenty-Six Weeks Ended July 1, 2014
Labor expenses	$	1,556	$	1,196	$	3,102	$	2,536
Other operating costs and expenses	64		42		137		89
General and administrative expenses	3,326		2,661		6,438		5,113
Total stock-based compensation	4,946		3,899		9,677		7,738
Income tax benefit	1,892		1,491		3,701		2,960
Total stock-based compensation, net of taxes	$	3,054	$	2,408	$	5,976	$	4,778
Capitalized stock-based compensation (1)	$	79	$	51	$	146	$	99

(1) It is our policy to capitalize the portion of stock-based compensation costs for our internal development and construction, legal, and facilities departments that relates to capitalizable activities such as the design and construction of new restaurants, remodeling existing locations, lease, intellectual property and liquor license acquisition activities and equipment installation.  Capitalized stock-based compensation is included in property and equipment, net and other assets on the consolidated balance sheets.

Schedule of stock option activity

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value(1)
	(In thousands)		(Per share)		(In years)	(In thousands)
Outstanding at December 30, 2014	4,023		$	26.34	3.7	$	97,406
Granted	312		48.01
Exercised	(744	)	22.71
Forfeited or cancelled	(23	)	19.96
Outstanding at June 30, 2015	3,568		$	29.02	3.8	$	91,027
Exercisable at June 30, 2015	2,061		$	24.40	2.8	$	62,094

(1) Aggregate intrinsic value is calculated as the difference between our closing stock price at fiscal period end and the exercise price, multiplied by the number of in-the-money options and represents the pretax amount that would have been received by the option holders, had they all exercised their options on the fiscal period end date

Schedule of restricted share and restricted share unit activity

	Shares		Weighted Average Fair Value
	(In thousands)		(Per share)
Outstanding at December 30, 2014	1,820		$	37.12
Granted	307		48.49
Vested	(233	)	27.09
Forfeited	(66	)	36.35
Outstanding at June 30, 2015	1,828		$	40.34