Stock Ownership Plans

9 Months Ended

Jun. 24, 2012

Stock Ownership Plans [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

STOCK OWNERSHIP PLANS

A summary of stock option activity during the 39 weeks ended June 24, 2012 follows:

(Thousands of Dollars and Shares, Except Per Share Data)	Shares		Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding, September 25, 2011	1,812		5.06
Granted	1,387		1.13
Cancelled	(79	)	8.07
Outstanding, June 24, 2012	3,120		3.24	8.4	679
Exercisable, June 24, 2012	817		7.71	6.6	—

Total unrecognized compensation expense for unvested stock options as of June 24, 2012 is $2,146,000, which will be recognized over a weighted average period of 2.1 years.

Determining Fair Value

We determine the fair value of stock options using the Black-Scholes option-pricing formula. Key inputs to this formula include expected term, expected volatility and the risk-free rate. Each assumption is discussed below. This fair value is amortized using the straight-line method over the requisite service periods of the awards, which is generally three years.

The expected term represents the period that our stock-based awards are expected to be outstanding, and is determined based on historical experience of similar awards, giving consideration to contractual terms of the awards, vesting schedules and expectations of future employee behavior. The volatility factor is calculated using historical market data for our Common Stock. The time frame used is equal to the expected term. We base the risk-free interest rate on the yield to maturity at the time of the stock option grant on zero-coupon U.S. government bonds having a remaining term equal to the option's expected term. When estimating forfeitures, we consider voluntary termination behavior as well as actual option forfeitures.

The following assumptions were used to estimate the fair value of 2012 option awards:

Volatility(Percent)	122
Risk-free interest rate(Percent)	0.77
Expected term (Years)	4.7
Estimated fair value(Dollars)	0.92

Restricted Common Stock

In July 2012, we issued 500,000 shares of restricted Common Stock with a fair value of $1.31 per share on the grant date.