v3.24.1.u1
Stock-Based Compensation (Tables)
3 Months Ended
Apr. 02, 2024
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):

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Thirteen

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Thirteen

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Weeks Ended

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Weeks Ended

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April 2, 2024

    

April 4, 2023

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Labor expenses

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$

2,495

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$

2,362

Other operating costs and expenses

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​

78

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​

75

General and administrative expenses

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​

5,076

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​

3,465

Total stock-based compensation

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​

7,649

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​

5,902

Income tax benefit

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​

1,908

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​

1,474

Total stock-based compensation, net of taxes

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$

5,741

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$

4,428

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​

​

​

​

​

​

Capitalized stock-based compensation (1)

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$

49

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$

42

(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

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Weighted-

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Average

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Weighted-

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Remaining

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Average

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Contractual

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Aggregate

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Shares

    

Exercise Price

    

Term

    

Intrinsic Value (1)

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(In thousands)

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(Per share)

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(In years)

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(In thousands)

Outstanding at January 2, 2024

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1,550

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$

45.75

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3.8

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$

0

Granted

 

81

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34.91

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Exercised

 

—

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—

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​

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Forfeited or cancelled

 

(156)

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​

50.26

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Outstanding at April 2, 2024

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1,475

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$

44.68

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4.3

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$

164

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Exercisable at April 2, 2024

 

1,233

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$

45.90

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3.6

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$

0

(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

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Weighted-

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Average

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Shares

    

Fair Value

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(In thousands)

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(Per share)

Outstanding at January 2, 2024

 

2,886

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$

40.28

Granted

 

726

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​

34.77

Vested

 

(364)

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​

48.99

Forfeited

 

(58)

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​

36.34

Outstanding at April 2, 2024

 

3,190

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$

38.11