XML 55 R10.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Share-based Compensation | 9 Months Ended
--- | ---
Sep. 30, 2014
Share-based Compensation |
Share-based Compensation | (2) Share-based Compensation On May 16, 2013, our 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 |  | 39 Weeks Ended |
|  | September 30, 2014 |  | September 24, 2013 |  | September 30, 2014 |  | September 24, 2013 |
Labor expense |  | $ | 1,282 |  | $ | 1,356 |  | $ | 4,052 |  | $ | 4,027 |
General and administrative expense |  | 2,256 |  | 2,256 |  | 6,885 |  | 6,556 |
Total share-based compensation expense |  | $ | 3,538 |  | $ | 3,612 |  | $ | 10,937 |  | $ | 10,583 |
Share-based compensation activity by type of grant as of September 30, 2014 and changes during the 39 weeks then ended are presented below. Summary Details for Share Options
|  | Shares |  | Weighted- Average Exercise Price |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2013 |  | 1,043,438 |  | $ | 13.77 |  |  |  |  |
Granted |  | — |  | — |  |  |  |  |
Forfeited |  | (1,226 | ) | 14.82 |  |  |  |  |
Exercised |  | (260,515 | ) | 12.31 |  |  |  |  |
Outstanding at September 30, 2014 |  | 781,697 |  | $ | 14.26 |  | 1.80 |  | $ | 10,616 |
Exercisable at September 30, 2014 |  | 781,697 |  | $ | 14.26 |  | 1.80 |  | $ | 10,616 |
The total intrinsic value of options exercised during the 13 weeks ended September 30, 2014 and September 24, 2013 was $1.3 million and $1.7 million, respectively. During the 39 weeks ended September 30, 2014 and September 24, 2013, the total intrinsic value of options exercised was $3.6 million and $8.0 million, respectively. No stock options vested during the 13 or 39 weeks ended September 30, 2014 and September 24, 2013. Summary Details for RSUs
|  | Shares |  | Weighted- Average Grant Date Fair Value |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2013 |  | 1,283,862 |  | $ | 18.68 |  |  |  |  |
Granted |  | 415,046 |  | 25.30 |  |  |  |  |
Forfeited |  | (58,927 | ) | 19.52 |  |  |  |  |
Vested |  | (657,462 | ) | 18.34 |  |  |  |  |
Outstanding at September 30, 2014 |  | 982,519 |  | $ | 21.66 |  | 0.9 |  | $ | 27,353 |
As of September 30, 2014, with respect to unvested RSUs, there was $10.1 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 intrinsic value of RSUs vested during the 13 weeks ended September 30, 2014 and September 24, 2013 was $3.1 million and $3.7 million, respectively. For the 39 weeks ended September 30, 2014 and September 24, 2013, the total intrinsic value of RSUs vested was $17.3 million and $16.9 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 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
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration