Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plans (Tables)

v3.2.0.727
Stock Incentive Plans (Tables)
 6 Months Ended
Jul. 12, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of average assumptions used in estimation of fair value of options
The weighted-average fair value of non-qualified stock options and the related assumptions used in the pricing model were as follows:
 
Twelve Weeks Ended
 
Twenty-eight Weeks Ended
 
July 12, 2015
 
July 13, 2014
 
July 12, 2015
 
July 13, 2014
Risk-free interest rate
1.6
%
 
1.5
%
 
1.4
%
 
1.7
%
Expected years until exercise
4.8

 
5.0

 
4.8

 
5.8

Expected stock volatility
39.4
%
 
46.1
%
 
40.6
%
 
44.8
%
Dividend yield
—
%
 
—
%
 
—
%
 
—
%
Weighted average Black-Scholes fair value per share at date of grant
$
30.86

 
$
30.05

 
$
29.71

 
$
31.43

Summary of status of the Company's stock option plans
The following table presents a summary of the Company’s stock-based compensation activity for the twenty-eight weeks ended July 12, 2015 (in thousands):
 
Stock Options
 
Restricted Stock Units
Outstanding, December 28, 2014
462

 
101

Granted
72

 
32

Forfeited/expired
(38
)
 
(11
)
Exercised/vested
(89
)
 
(41
)
Outstanding, July 12, 2015
407

 
81

Schedule of recognized expense from stock-based compensation
We recognized expense from stock-based compensation for the twelve and twenty-eight weeks ended July 12, 2015 and July 13, 2014 as follows (in thousands):
 
Twelve Weeks Ended
 
Twenty-eight Weeks Ended
 
July 12, 2015
 
July 13, 2014
 
July 12, 2015
 
July 13, 2014
Restaurant related
$
27

 
$
18

 
$
62

 
$
49

Selling, general, and administrative related
1,376

 
1,003

 
2,787

 
1,981

Total stock-based compensation
$
1,403

 
$
1,021

 
$
2,849

 
$
2,030