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Stock Ownership Plans
 12 Months Ended
Sep. 24, 2017
Stock Ownership Plans [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
STOCK OWNERSHIP PLANS
 
Total non-cash stock compensation expense is $2,088,000, $2,306,000 and $1,971,000, in 2017, 2016 and 2015, respectively.

At September 24, 2017, we have reserved 3,589,448 shares of Common Stock for issuance to employees under an incentive and nonstatutory stock option and restricted stock plan approved by stockholders of which 2,318,298 shares are available for granting of non-qualified stock options or issuance of restricted Common Stock.

Stock Options
 
Options are granted at a price equal to the fair market value on the date of the grant and are exercisable, upon vesting, over a ten-year period.
 
A summary of stock option activity is as follows:
(Thousands of Shares)
2017

 
2016

 
2015

 
 
 
 
 
 
Under option, beginning of year
1,698

 
1,871

 
2,333

Exercised
(339
)
 
(74
)
 
(289
)
Canceled
(88
)
 
(99
)
 
(173
)
Under option, end of year
1,271

 
1,698

 
1,871

Exercisable, end of year
1,271

 
1,692

 
1,840



Weighted average prices of stock options are as follows:
(Dollars)
2017

 
2016

 
2015

 
 
 
 
 
 
Exercised
1.53

 
1.17

 
1.27

Cancelled
14.02

 
8.78

 
5.02

Under option, end of year
1.86

 
2.42

 
2.71


 
A summary of stock options outstanding at September 24, 2017 is as follows:
(Dollars)
Options Outstanding
 
 
Options Exercisable
 
Range of
Exercise
Prices
Number
Outstanding (Thousands)

Weighted Average
Remaining Contractual
Life (Years)
 
Weighted
Average
Exercise Price

 
Number
Exercisable  (Thousands)

 
Weighted
Average
Exercise Price

 
 
 
 
 
 
 
 
 
1 - 2
569

4.7
 
1.14

 
569

 
1.14

2 - 3
702

2.8
 
2.44

 
702

 
2.44

 
1,271

3.6
 
1.86

 
1,271

 
1.86


  
There is no unrecognized compensation expense for unvested stock options at September 24, 2017.

The aggregate intrinsic value of stock options outstanding at September 24, 2017 is $631,000.

Restricted Common Stock
 
A summary of restricted Common Stock activity follows:
(Thousands of Shares)
2017

 
2016

 
2015

 
 
 
 
 
 
Outstanding, beginning of year
2,462

 
1,546

 
1,291

Granted
837

 
1,018

 
786

Vested
(751
)
 
(63
)
 
(500
)
Forfeited
(70
)
 
(39
)
 
(31
)
Outstanding, end of year
2,478

 
2,462

 
1,546


 
Weighted average grant date fair values of restricted Common Stock are as follows:
(Dollars)
2017

 
2016

 
2015

 
 
 
 
 
 
Outstanding, beginning of year
2.74

 
3.62

 
2.72

Granted
3.34

 
1.49

 
3.62

Vested
3.59

 
3.39

 
1.31

Forfeited
2.98

 
3.31

 
3.62

Outstanding, end of year
2.69

 
2.74

 
3.62


 
Total unrecognized compensation expense for unvested restricted Common Stock at September 24, 2017 is $2,788,000, which will be recognized over a weighted average period of 1.3 years.

In December 2017, we issued 375,000 shares of restricted Common Stock to employees. The grant date fair value was $2.30 per share. All restrictions with respect to these shares lapse in December 2021 with respect to these shares.
 
Stock Purchase Plans
 
We have 270,000 shares of Common Stock available for issuance pursuant to our Employee Stock Purchase Plan. We also have 8,700 shares of Common Stock available for issuance under our Supplemental Employee Stock Purchase Plan. There has been no activity under these plans in 2017, 2016 or 2015.