XML 18 R10.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Share-based Compensation | 6 Months Ended
--- | ---
Jun. 25, 2013
Share-based Compensation |
Share-based Compensation | (2) Share-based Compensation On May 16, 2013, the Company’s stockholders approved the Texas Roadhouse, Inc. 2013 Long-Term Incentive Plan (the “Plan”). The Plan provides for the granting of incentive and non-qualified stock options to purchase shares of common stock, stock appreciation rights, and full value awards, including restricted stock, restricted stock units (“RSUs”), deferred stock units, performance stock and performance stock units. As a result of the approval of the Plan, no future awards will be made under the Texas Roadhouse, Inc. 2004 Equity Incentive Plan. 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 vesting requirement. The following table summarizes the share-based compensation recorded in the accompanying unaudited condensed consolidated statements of income and comprehensive income:
|  | 13 Weeks Ended |  | 26 Weeks Ended |
|  | June 25, 2013 |  | June 26, 2012 |  | June 25, 2013 |  | June 26, 2012 |
Labor expense |  | $ | 1,341 |  | $ | 1,123 |  | $ | 2,671 |  | $ | 2,129 |
General and administrative expense |  | 2,118 |  | 2,148 |  | 4,300 |  | 4,195 |
Total share-based compensation expense |  | $ | 3,459 |  | $ | 3,271 |  | $ | 6,971 |  | $ | 6,324 |
Share-based compensation activity by type of grant as of June 25, 2013 and changes during the 26 weeks then ended are presented below. Summary Details for 2004 Equity Incentive Plan Share Options
|  | Shares |  | Weighted- Average Exercise Price |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
Outstanding at December 25, 2012 |  | 2,258,921 |  | $ | 13.24 |  |  |  |  |
Granted |  | — |  | — |  |  |  |  |
Forfeited |  | (10,869 | ) | 13.34 |  |  |  |  |
Exercised |  | (810,690 | ) | 13.01 |  |  |  |  |
Outstanding at June 25, 2013 |  | 1,437,362 |  | $ | 13.37 |  | 2.56 |  | $ | 15,983 |
Exercisable at June 25, 2013 |  | 1,437,362 |  | $ | 13.37 |  | 2.56 |  | $ | 15,983 |
The total intrinsic value of options exercised during the 13 weeks ended June 25, 2013 and June 26, 2012 was $2.9 million and $3.2 million, respectively. During the 26 weeks ended June 25, 2013 and June 26, 2012, the total intrinsic value of options exercised was $6.2 million and $6.6 million, respectively. No stock options vested during the 13 or 26 week periods ended June 25, 2013. The total grant date fair value of stock options vested for the 13 and 26 week periods ended June 26, 2012 was $0.1 million. Summary Details for RSUs
|  | Shares |  | Weighted- Average Grant Date Fair Value |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
Outstanding at December 25, 2012 |  | 1,803,514 |  | $ | 15.73 |  |  |  |  |
Granted |  | 272,660 |  | 21.13 |  |  |  |  |
Forfeited |  | (13,060 | ) | 16.80 |  |  |  |  |
Vested |  | (685,301 | ) | 15.88 |  |  |  |  |
Outstanding at June 25, 2013 |  | 1,377,813 |  | $ | 16.71 |  | 8.72 |  | $ | 33,743 |
As of June 25, 2013, with respect to unvested RSUs, there was $13.7 million of unrecognized compensation cost that is expected to be recognized over a weighted-average period of 1.3 years. The vesting terms of the RSUs range from 1.0 to 5.0 years. The total intrinsic value of RSUs vested for the 13 weeks ended June 25, 2013 and June 26, 2012 was $3.3 million and $2.0 million, respectively. For the 26 weeks ended June 25, 2013 and June 26, 2012, the total intrinsic value of RSUs vested was $13.2 million and $6.8 million, respectively.

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration