10. Share-Based Compensation

Restricted Stock Awards

The following table summarizes the Company's restricted stock ("RSAs") and restricted stock units ("RSUs") award activity for the period presented:



	Nine Months Ended July 1, 2017
Restricted Stock Activity	Number of Shares	Weighted-Average Grant Date Fair Value
Balance, beginning of period	—	$	—
Granted	77,451	15.82
Balance, end of period	77,451	15.82

Compensation expense for restricted stock awards, recognized in selling, general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss), was $0.4 million and $0.6 million with associated tax benefits of $0.1 million and $0.2 million for the three and nine months ended July 1, 2017, respectively. At July 1, 2017, unrecognized compensation cost related to restricted stock awards totaled $0.7 million and is expected to be recognized over a weighted-average period of seven months.

Stock Option Awards

The following table summarizes the Company's stock option activity for the period presented:



	Nine Months Ended July 1, 2017
Stock Option Award Activity	Number of Options		Weighted Average Exercise Price per Share ($)
Outstanding options, beginning of period	918,749		$	10.08
Granted	133,484		15.50
Exercised (1)	(409,044	)	10.08
Outstanding options, end of period (2)	643,189		11.20
Fully vested and exercisable options, end of period (3)	509,705		10.07

(1) Stock options exercised in the period had an aggregate intrinsic value totaling $2.2 million.

(2) Stock options outstanding at the end of the period had an aggregate intrinsic value totaling $3.7 million.

(3) Fully vested and exercisable options at the end of the period had an aggregate intrinsic value totaling $3.5 million with a weighted average contractual remaining term of 7.8 years.

Compensation expense for stock option awards, recognized in selling, general and administrative expenses on the Consolidated Statements of Operations and Comprehensive Income (Loss), was $0.1 million and $0.3 million with associated tax benefits of $0.0 million and $0.1 million for the three and nine months ended July 1, 2017, respectively. At July 1, 2017, unrecognized compensation cost related to stock option awards totaled $0.4 million and is expected to be recognized over a weighted-average period of six months.

The fair value of each option award at grant date was estimated using the Black-Scholes option-pricing model with the following assumptions and resulting grant-date fair value during the period presented:



	Nine Months Ended July 1, 2017
Expected volatility	33.7		%
Expected dividend yield	0		%
Risk-free interest rate	1.94		%
Expected term (in years)	5.5
Weighted-average grant-date fair value	$	5.35