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Share-based Compensation
 12 Months Ended
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  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total share-based compensation expense

   $ 14,740   $ 13,193   $ 10,525  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

        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		  

Outstanding at December 25, 2012

     2,258,921   $ 13.24              

Granted

     —     —              

Forfeited

     (41,624 )   9.64              

Exercised

     (1,173,859 )   12.90              
                         
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2013

     1,043,438   $ 13.77     2.25   $ 14,637  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Exercisable at December 31, 2013

     1,043,438   $ 13.77     2.25   $ 14,637  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

        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              
                         
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding at December 31, 2013

     1,283,862   $ 18.68     8.53   $ 35,691  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

        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.