Stock-Based Compensation (Tables)

9 Months Ended

Sep. 27, 2022

Stock-Based Compensation

Schedule of information related to stock-based compensation, net of forfeitures

	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	September 27, 2022		September 28, 2021		September 27, 2022		September 28, 2021
Labor expenses	$	2,237	$	2,137	$	6,621	$	6,240
Other operating costs and expenses		74		72		224		218
General and administrative expenses		3,302		3,185		10,375		9,871
Total stock-based compensation		5,613		5,394		17,220		16,329
Income tax benefit		1,379		1,325		4,229		4,010
Total stock-based compensation, net of taxes	$	4,234	$	4,069	$	12,991	$	12,319
Capitalized stock-based compensation (1)	$	52	$	48	$	161	$	137

(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 condensed consolidated balance sheets.

Schedule of stock option activity

We did not issue any stock options during the third quarter of fiscal 2022 or fiscal 2021. Stock option activity during the thirty-nine weeks ended September 27, 2022 was as follows:

				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 28, 2021	1,716	$	46.14	5.1	$	0
Granted	—		—
Exercised	(2)		40.16
Forfeited or cancelled	(29)		48.19
Outstanding at September 27, 2022	1,685	$	46.11	4.4	$	0
Exercisable at September 27, 2022	1,119	$	48.10	3.5	$	0

(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 28, 2021	2,123	$	44.82
Granted	783		37.64
Vested	(356)		46.03
Forfeited	(110)		41.91
Outstanding at September 27, 2022	2,440	$	42.47