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Stock Based Compensation
3 Months Ended
Jun. 18, 2011
Stock Based Compensation  
Stock Based Compensation
11.  Stock Based Compensation

At June 18, 2011, we had two stock-based compensation plans, the 2008 Long Term Incentive and Share Award Plan and the 2004 Non-Employee Director Compensation Plan.  The general terms of each plan are reported in our Fiscal 2010 Annual Report on Form 10-K.

The components of our compensation expense (income) related to stock-based incentive plans were as follows (in thousands):
   
For the 16 Weeks Ended
 
   
June 18, 2011
   
June 19, 2010
 
Stock options
 
$
756
   
$
(368
)
Restricted stock units
   
199
     
231
 
Performance restricted stock units
   
-
     
(973
)
Common stock granted to Directors
   
(464
)
   
249
 
Total stock-based compensation expense (income)
 
$
491
   
$
(861
)

There were no stock-based grants during the 16 weeks ended June 18, 2011.

Stock options
As of June 18, 2011, approximately $6.7 million, after tax, of total unrecognized compensation expense related to unvested stock option awards will be recognized over a weighted average period of 2.1 years.

Restricted Stock
None of the previously granted restricted stock units vested during the 16 weeks ended June 18, 2011.  As of June 18, 2011, approximately $1.8 million, net of tax, of total unrecognized compensation expense relating to restricted stock units granted during fiscal 2010 and fiscal 2009 is expected to be recognized through fiscal 2013.

2004 Non-Employee Director Compensation Plan
Although the 2004 Non-Employee Director Compensation Plan ("Director Plan") is still in effect, at this time our Company does not anticipate issuing an annual grant of common stock or common stock equivalent in fiscal 2011. As a result, our Company reversed previously recognized stock compensation expense expected to be issued at the Fiscal 2011 annual meeting during the 16 weeks ended June 18, 2011. Such stock compensation expense will not be recognized in our Consolidated Statements of Operations until formal changes are made to the Director Plan.