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Share-based Compensation
 12 Months Ended
Dec. 25, 2012
Share-based Compensation  
Share-based Compensation

(13) Share-based Compensation

        In May 2004, we adopted an equity incentive plan (the "Plan") for eligible participants. This Plan amended and restated the 1997 Texas Roadhouse Management Corp. Stock Option Plan. The Plan provides for granting of incentive and non-qualified stock options to purchase shares of common stock, stock bonus awards (restricted stock unit awards ("RSUs")) and restricted stock awards. The Plan provides for the issuance of 16,000,000 shares of common stock plus an annual increase to be added on the first day of the year for a period of ten years, commencing on January 1, 2005 and ending on (and including) January 1, 2014, equal to the lesser of one percent of the shares of common stock outstanding or 1,000,000 shares of common stock. Options are exercisable at various periods ranging from one to ten years from the date of grant. Beginning in 2008, we changed the method by which we provide share-based compensation to our employees by eliminating stock option grants and, instead, granting RSUs as a form of share-based compensation. An RSU is the conditional right to receive one share of common stock upon satisfaction of the service-based vesting requirement.

        The following table summarizes the share-based compensation recorded in the accompanying consolidated statements of income and comprehensive income:

 
   Fiscal Year Ended  
 
   December 25,
2012		   December 27,
2011		   December 28,
2010		  

Labor expense

   $ 4,570   $ 3,905   $ 3,364  

General and administrative expense

     8,623     6,620     4,322  
               

Total share-based compensation expense

   $ 13,193   $ 10,525   $ 7,686  
               

        A summary of share-based compensation activity by type of grant as of December 25, 2012 and changes during the period then ended is presented below.

Summary Details for Plan Share Options

 
   Shares   Weighted-Average
Exercise Price		   Weighted-Average
Remaining
Contractual
Term (years)		   Aggregate
Intrinsic Value		  

Outstanding at December 27, 2011

     3,486,642   $ 12.02              

Granted

     —     —              

Forfeited

     (112,471 )   11.74              

Exercised

     (1,115,250 )   9.57              
                         

Outstanding at December 25, 2012

     2,258,921   $ 13.24     2.99   $ 8,613  
                   

Exercisable at December 25, 2012

     2,258,921   $ 13.24     2.99   $ 8,613  
                   

        No stock options were granted during the fiscal years ended December 25, 2012, December 27, 2011 and December 28, 2010.

        The total intrinsic value of options exercised during the years ended December 25, 2012, December 27, 2011 and December 28, 2010 was $8.7 million, $3.0 million and $9.6 million, respectively. The total grant date fair value of stock options vested during the years ended December 25, 2012, December 27, 2011 and December 28, 2010 was $0.2 million, $0.7 million and $1.3 million, respectively.

        For the years ended December 25, 2012, December 27, 2011 and December 28, 2010, cash received before tax withholdings from options exercised was $10.7 million, $5.0 million and $11.0 million, respectively. The excess tax benefit realized from tax deductions associated with options exercised for the years ended December 25, 2012, December 27, 2011 and December 28, 2010 was $3.6 million, $2.3 million and $3.2 million, respectively.

Summary Details for RSUs

 
   Shares   Weighted-Average
Grant Date
Fair Value		  

Outstanding at December 27, 2011

     1,186,480   $ 13.71  

Granted

     1,356,462     16.13  

Forfeited

     (55,814 )   14.33  

Vested

     (683,614 )   13.15  
             

Outstanding at December 25, 2012

     1,803,514   $ 15.73  
           

        As of December 25, 2012, with respect to unvested RSUs, there was $15.0 million of unrecognized compensation cost that is expected to be recognized over a weighted-average period of 1.4 years. The vesting terms of the RSUs range from approximately 1.0 to 5.0 years. The total fair value of RSUs vested during the years ended December 25, 2012, December 27, 2011 and December 28, 2010 was $11.6 million, $11.0 million and $8.7 million, respectively.