v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jul. 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

Twenty-Six

Twenty-Six

Weeks Ended

Weeks Ended

Weeks Ended

Weeks Ended

    

July 1, 2025

    

July 2, 2024

    

July 1, 2025

    

July 2, 2024

Labor expenses

$

2,542

$

2,566

$

4,979

$

5,061

Other operating costs and expenses

101

78

200

156

General and administrative expenses

4,546

4,182

9,591

9,258

Total stock-based compensation

7,189

6,826

14,770

14,475

Income tax benefit

1,759

1,706

3,629

3,614

Total stock-based compensation, net of taxes

$

5,430

$

5,120

$

11,141

$

10,861

Capitalized stock-based compensation (1)

$

59

$

56

$

113

$

105

(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

 

(505)

45.56

Forfeited or cancelled

 

(154)

61.46

Outstanding at July 1, 2025

508

$

41.22

4.5

$

11,425.8

Exercisable at July 1, 2025

 

419

$

42.25

3.7

$

8,997.1

(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

 

628

51.89

Vested

 

(614)

39.69

Forfeited

 

(69)

38.12

Outstanding at July 1, 2025

 

3,184

$

40.44