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Stock Ownership Plans
12 Months Ended
Sep. 25, 2022
Share-Based Payment Arrangement [Abstract]  
Stock Ownership Plans STOCK OWNERSHIP PLANS
Total non-cash stock compensation expense is $1,337,000, $854,000 and $1,042,000, in 2022, 2021 and 2020, respectively.
At September 25, 2022, we have reserved 279,810 shares of Common Stock for issuance to employees under an incentive and non-statutory stock option and restricted stock plan approved by stockholders of which 279,810 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)202220212020
Outstanding, beginning of year36 41 81 
Exercised(9)(2)— 
Canceled(27)(3)(40)
Outstanding, end of year— 36 41 
Exercisable, end of year— 36 41 
Weighted average prices of stock options are as follows:
(Dollars)202220212020
Exercised11.30 11.30 — 
Cancelled11.30 11.30 25.30 
Outstanding, end of year— 11.40 11.40 
Restricted Common Stock
A summary of restricted Common Stock activity follows:
(Thousands of Shares)202220212020
Outstanding, beginning of year154 155 148 
Granted78 46 72 
Vested(66)(45)(61)
Forfeited(1)(2)(4)
Outstanding, end of year165 154 155 
Weighted average grant date fair values of restricted Common Stock are as follows:
(Dollars)202220212020
Outstanding, beginning of year16.70 21.50 24.90 
Granted30.01 11.20 16.20 
Vested20.93 27.30 23.40 
Forfeited23.60 16.10 24.40 
Outstanding, end of year21.21 16.70 21.50 
Total unrecognized compensation expense for unvested restricted Common Stock at September 25, 2022 is $1,876,000, which will be recognized over a weighted average period of 1.3 years.
Employee Stock Purchase Plans
We have 27,000 shares of Common Stock available for issuance pursuant to our Employee Stock Purchase Plan. We also have 870 shares of Common Stock available for issuance under our Supplemental Employee Stock Purchase Plan. There has been no activity under these plans in 2022, 2021, or 2020.