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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
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

Thirty-Nine

Thirty-Nine

Weeks Ended

Weeks Ended

Weeks Ended

Weeks Ended

    

September 30, 2025

    

October 1, 2024

    

September 30, 2025

    

October 1, 2024

Labor expenses

$

1,975

$

2,829

$

6,954

$

7,890

Other operating costs and expenses

68

97

268

253

General and administrative expenses

3,629

4,095

13,220

13,353

Total stock-based compensation

5,672

7,021

20,442

21,496

Income tax benefit

1,389

1,755

5,018

5,369

Total stock-based compensation, net of taxes

$

4,283

$

5,266

$

15,424

$

16,127

Capitalized stock-based compensation (1)

$

47

$

58

$

160

$

163

(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 consolidated balance sheets.
Schedule of stock option activity

Weighted-

Average

Weighted-

Remaining

Average

Contractual

Aggregate

    

Shares

    

Exercise Price

    

Term

    

Intrinsic Value (1)

(In thousands)

(Per share)

(In years)

(In thousands)

Outstanding at December 31, 2024

1,167

$

45.77

3.1

$

4,163.6

Granted

 

Exercised

 

(542)

45.39

Forfeited or cancelled

 

(154)

61.46

Outstanding at September 30, 2025

471

$

41.08

4.4

$

6,382.4

Exercisable at September 30, 2025

 

382

$

42.17

3.5

$

4,759.3

(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

    

Shares

    

Fair Value

(In thousands)

(Per share)

Outstanding at December 31, 2024

 

3,239

$

38.02

Granted

 

690

53.37

Vested

 

(670)

39.55

Forfeited

 

(115)

38.37

Outstanding at September 30, 2025

 

3,144

$

41.05