v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Apr. 01, 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

Weeks Ended

Weeks Ended

    

April 1, 2025

    

April 2, 2024

Labor expenses

$

2,437

$

2,495

Other operating costs and expenses

99

78

General and administrative expenses

5,045

5,076

Total stock-based compensation

7,581

7,649

Income tax benefit

1,870

1,908

Total stock-based compensation, net of taxes

$

5,711

$

5,741

Capitalized stock-based compensation (1)

$

54

$

49

(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

 

(230)

46.90

Forfeited or cancelled

 

(150)

61.59

Outstanding at April 1, 2025

787

$

42.44

4.0

$

6,674

Exercisable at April 1, 2025

 

698

$

43.21

3.4

$

5,387

(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

 

621

51.89

Vested

 

(556)

40.23

Forfeited

 

(45)

38.52

Outstanding at April 1, 2025

 

3,259

$

40.28