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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Jun. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Assumptions used in the Black-Scholes model and the estimated value of options granted during the nine months ended June 27, 2014 and June 28, 2013 follows:
 
 
Nine Months Ended
Valuation of Options
 
June 27,
2014
 
June 28,
2013
 
 
 
 
 
Assumptions for Black-Scholes:
 
 
 
 
Risk-free interest rate
 
1.31
%
 
0.55
%
Expected term in years
 
4.1

 
4.0

Volatility
 
49
%
 
49
%
Expected annual dividends
 
none

 
none

 
 


 


Value of options granted:
 


 


Number of options granted
 
45,500

 
50,000

Weighted average fair value per share
 
$
1.62

 
$
2.65

Fair value of options granted (000's)
 
$
74

 
$
133

Changes in Number of Options Outstanding with Other Related Data
A summary of stock option activity, together with other related data, follows:
 
 
Nine Months Ended
 
 
June 27, 2014
 
June 28, 2013
Stock Options
 
Number
of Options
 
Wgtd. Avg.
Exercise
Price
 
Number
of Options
 
Wgtd. Avg.
Exercise
Price
 
 
 
 
 
 
 
 
 
Outstanding, beginning of period
 
246,383

 
$
4.38

 
280,789

 
$
3.81

Granted
 
45,500

 
4.12

 
50,000

 
6.91

Exercised
 
(18,093
)
 
1.49

 
(30,150
)
 
2.00

Shares withheld for payment of
taxes upon exercise of stock option
 
(3,407
)
 
1.69

 

 

Forfeited
 
(23,283
)
 
5.71

 
(45,756
)
 
5.52

Expired
 
(2,850
)
 
5.04

 
(8,500
)
 
2.01

Outstanding, end of period
 
244,250

 
$
4.51

 
246,383

 
$
4.38


 
 
 
 
 
 
 
 
For options expected to vest
 
 
 
 
 
 

 
 

Number expected to vest
 
220,987

 
$
4.49

 
233,070

 
$
4.28

Weighted average remaining term, in years
 
3.4

 


 
3.8

 
 

Intrinsic value (000s)
 
 
 
$
176

 
 

 
$
155


 
 
 
 
 
 
 
 
For exercisable options
 
 
 
 
 
 

 
 

Number exercisable
 
125,650

 
$
3.59

 
106,783

 
$
2.33

Weighted average remaining term, in years
 
2.0

 
 
 
2.0

 
 

Intrinsic value (000s)
 
 
 
$
166

 
 

 
$
155


 
 
 
 
 
 
 
 
For non-exercisable options
 
 
 
 
 
 

 
 

Expense not yet recognized (000s)
 
 
 
$
171

 
 

 
$
221

Weighted average years to be recognized
 
2.6

 
 
 
2.6

 
 


 
 
 
 
 
 
 
 
For options exercised
 
 
 
 
 
 
 
 
Intrinsic value (000s)
 
 
 
$
59

 
 

 
$
131

Schedule of Nonvested Stock Options Activity
Changes in the number of non-vested options outstanding, together with other related data, follows: 
 
 
Nine Months Ended
 
 
June 27, 2014
 
June 28, 2013
Stock Options
 
Number
of Options
 
Wgtd. Avg.
Grant Date
Fair Value
 
Number
of Options
 
Wgtd. Avg.
Grant Date
Fair Value
 
 
 
 
 
 
 
 
 
Non-vested, beginning of period
 
138,350

 
$
2.51

 
157,150

 
$
2.42

Granted
 
45,500

 
1.62

 
50,000

 
2.65

Vested
 
(41,967
)
 
2.51

 
(21,794
)
 
2.27

Forfeited
 
(23,283
)
 
2.30

 
(45,756
)
 
2.50

Non-vested, end of period
 
118,600

 
$
2.20

 
139,600

 
$
2.51

Changes in Number of Restricted Non-vested Stock Outstanding with Other Related Data
A summary of restricted stock activity, together with related data, follows: 
 

Nine Months Ended
 

June 27, 2014
 
June 28, 2013
Restricted (Non-vested) Stock

Number of
Non-vested
Shares

Wgtd. Avg.
Grant Date
Fair Value

Number of
Non-vested
Shares

Wgtd. Avg.
Grant Date
Fair Value
 
 
 
 
 
 
 
 
 
Outstanding, beginning of period

275,474


$
5.96


339,939


$
5.66

Granted

155,703


4.05


88,208


6.86

Vested

(80,971
)

5.74


(47,774
)

4.98

Shares withheld for payment of
taxes upon vesting of restricted stock

(18,615
)

4.28


(4,441
)

4.70

Forfeited

(71,103
)

5.88


(74,635
)

5.68

Outstanding, end of period

260,488


$
5.15


301,297


$
6.12



 

 

 

 
For non-vested shares

 


 

 


 

Expense not yet recognized (000s)

 


$
725


 


$
939

Weighted average remaining years for vesting

 


3.0


 


2.9



 

 

 

 
For shares vested

 


 

 


 

Aggregate fair value on vesting dates (000s)

 


$
421


 


$
344