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Share-based Compensation | 12 Months Ended
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Dec. 31, 2013
Share-based Compensation |
Share-based Compensation | (13) 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 consolidated statements of income and comprehensive income:
|  | Fiscal Year Ended |
--- | --- | --- | ---
|  | December 31, 2013 |  | December 25, 2012 |  | December 27, 2011 |
Labor expense |  | $ | 5,439 |  | $ | 4,570 |  | $ | 3,905 |
General and administrative expense |  |  | 9,301 |  |  | 8,623 |  |  | 6,620 |
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Total share-based compensation expense |  | $ | 14,740 |  | $ | 13,193 |  | $ | 10,525 |
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Share-based compensation activity by type of grant as of December 31, 2013 and changes during the period then ended is presented below. Summary Details for Share Options
|  | Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
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Outstanding at December 25, 2012 |  |  | 2,258,921 |  | $ | 13.24 |  |  |  |  |  |  |
Granted |  |  | — |  |  | — |  |  |  |  |  |  |
Forfeited |  |  | (41,624 | ) |  | 9.64 |  |  |  |  |  |  |
Exercised |  |  | (1,173,859 | ) |  | 12.90 |  |  |  |  |  |  |
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Outstanding at December 31, 2013 |  |  | 1,043,438 |  | $ | 13.77 |  |  | 2.25 |  | $ | 14,637 |
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Exercisable at December 31, 2013 |  |  | 1,043,438 |  | $ | 13.77 |  |  | 2.25 |  | $ | 14,637 |
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No stock options were granted during the fiscal years ended December 31, 2013, December 25, 2012 and December 27, 2011. The total intrinsic value of options exercised during the years ended December 31, 2013, December 25, 2012 and December 27, 2011 was $11.2 million, $8.7 million and $3.0 million, respectively. No stock options vested during the 53 week period ended December 31, 2013. The total grant date fair value of stock options vested during the years ended December 25, 2012 and December 27, 2011 was $0.2 million and $0.7 million, respectively. For the years ended December 31, 2013, December 25, 2012 and December 27, 2011, cash received before tax withholdings from options exercised was $15.1 million, $10.7 million and $5.0 million, respectively. The excess tax benefit realized from tax deductions associated with options exercised for the years ended December 31, 2013, December 25, 2012 and December 27, 2011 was $4.9 million, $3.6 million and $2.3 million, respectively. 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 |  |  | 531,355 |  |  | 23.57 |  |  |  |  |  |  |
Forfeited |  |  | (59,561 | ) |  | 17.93 |  |  |  |  |  |  |
Vested |  |  | (991,446 | ) |  | 15.98 |  |  |  |  |  |  |
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Outstanding at December 31, 2013 |  |  | 1,283,862 |  | $ | 18.68 |  |  | 8.53 |  | $ | 35,691 |
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As of December 31, 2013, with respect to unvested RSUs, there was $12.4 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 approximately 1.0 to 5.0 years. The total intrinsic value of RSUs vested during the years ended December 31, 2013, December 25, 2012 and December 27, 2011 was $21.3 million, $11.6 million and $11.0 million, respectively.

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- 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 Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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