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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 30, 2021

Stock-Based Compensation

Schedule of information related to stock-based compensation, net of forfeitures

The following table presents information related to stock-based compensation, net of forfeitures (in thousands):

​

​	​	​	​	​	​	​
​	​	Thirteen		​	Thirteen
​	​	Weeks Ended		​	Weeks Ended
​		March 30, 2021			March 31, 2020
​	​	​	​	​	​	​
Labor expenses	​	$	2,043	​	$	1,966
Other operating costs and expenses	​		74	​		70
General and administrative expenses	​		3,327	​		3,471
Total stock-based compensation	​		5,444	​		5,507
Income tax benefit	​		1,337	​		1,353
Total stock-based compensation, net of taxes	​	$	4,107	​	$	4,154
​	​	​	​	​	​	​
Capitalized stock-based compensation (1)	​	$	39	​	$	40

(1) It is our policy to capitalize the portion of stock-based compensation costs for our internal development department that relates to capitalizable activities such as the design and construction of new restaurants, remodeling existing locations and equipment installation. Capitalized stock-based compensation is included in property and equipment, net on the condensed consolidated balance sheets.

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted-	​	​	​
​	​	​	​	​	​	​	Average	​	​	​
​	​	​	​	Weighted-		​	Remaining	​	Aggregate
​	​	​	​	Average		​	Contractual	​	Intrinsic
​		Shares		Exercise Price			Term		Value(1)
​	​	(In thousands)	​	(Per share)		​	(In years)	​	(In thousands)
Outstanding at December 29, 2020	​	2,294	​	$	45.35	​	5.0	​	$	307
Granted		—	​	​	—	​	​	​	​	​
Exercised		(484)	​	​	42.18	​	​	​	​	​
Forfeited or cancelled		—	​	​	—	​	​	​	​	​
Outstanding at March 30, 2021	​	1,810	​	$	46.20	​	5.7	​	$	6,914
​	​	​	​	​	​	​	​	​	​	​
Exercisable at March 30, 2021		953	​	$	48.80	​	4.2	​	$	6,473

(1) Aggregate intrinsic value is calculated as the difference between our closing stock price at fiscal period end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised their options on the fiscal period end date.

Schedule of restricted share and restricted share unit activity

​

​	​	​	​	​	​
​	​	​	​	Weighted-
​	​	​	​	Average
​	​	​	​	Fair
​		Shares		Value
​	​	(In thousands)	​	(Per share)
Outstanding at December 29, 2020	​	2,008	​	$	43.70
Granted		385	​	​	48.38
Vested		(199)	​	​	47.93
Forfeited		(92)	​	​	45.34
Outstanding at March 30, 2021	​	2,102	​	$	44.08

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