Stock-Based Compensation (Tables)

9 Months Ended

Sep. 29, 2020

Stock-Based Compensation

Schedule of information related to stock-based compensation

	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	September 29, 2020		October 1, 2019		September 29, 2020		October 1, 2019
Labor expenses	$	1,868	$	1,742	$	5,761	$	5,184
Other operating costs and expenses		70		68		209		204
General and administrative expenses		2,979		2,837		9,563		9,747
Total stock-based compensation		4,917		4,647		15,533		15,135
Income tax benefit		1,208		1,141		3,815		3,719
Total stock-based compensation, net of taxes	$	3,709	$	3,506	$	11,718	$	11,416
Capitalized stock-based compensation (1)	$	52	$	52	$	143	$	166

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

Schedule of stock option activity

				Weighted-
				Average
		Weighted-		Remaining
		Average		Contractual	Aggregate
	Shares	Exercise Price		Term	Intrinsic Value (1)
	(In thousands)	(Per share)		(In years)	(In thousands)
Outstanding at December 31, 2019	1,829	$	47.32	4.3	$	844
Granted	654		40.16
Exercised	(4)		29.79
Forfeited or cancelled	(118)		47.15
Outstanding at September 29, 2020	2,361	$	45.38	5.1	$	8,701
Exercisable at September 29, 2020	1,188	$	46.74	2.5	$	4,986

(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 pre-tax 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

		Weighted-
		Average
	Shares	Fair Value
	(In thousands)	(Per share)
Outstanding at December 31, 2019	1,764	$	47.76
Granted	588		39.74
Vested	(285)		49.94
Forfeited	(182)		49.13
Outstanding at September 29, 2020	1,885	$	44.79