XML 34 R18.htm IDEA: XBRL DOCUMENT v3.23.3
Stock Ownership Plans
12 Months Ended
Sep. 24, 2023
Share-Based Payment Arrangement [Abstract]  
Stock Ownership Plans STOCK OWNERSHIP PLANS
Total non-cash stock compensation expense is $1.8 million, $1.3 million and $0.9 million, in 2023, 2022 and 2021, respectively.
At September 24, 2023, we have reserved 196,359 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 196,359 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)202320222021
Outstanding, beginning of year— 36 41 
Exercised— (9)(2)
Canceled— (27)(3)
Outstanding, end of year— — 36 
Exercisable, end of year— — 36 
Weighted average prices of stock options are as follows:
(Dollars)202320222021
Exercised— 11.30 11.30 
Cancelled— 11.30 11.30 
Outstanding, end of year— 11.40 11.40 
Restricted Common Stock
A summary of restricted Common Stock activity is as follows:
(Thousands of Shares)202320222021
Outstanding, beginning of year165 154 155 
Granted69 78 46 
Vested(62)(66)(45)
Forfeited(10)(1)(2)
Outstanding, end of year162 165 154 
Weighted average grant date fair values of restricted Common Stock are as follows:
(Dollars)202320222021
Outstanding, beginning of year21.21 16.70 21.50 
Granted17.87 30.01 11.20 
Vested17.27 20.93 27.30 
Forfeited24.04 23.60 16.10 
Outstanding, end of year21.14 21.21 16.70 
Total unrecognized compensation expense for unvested restricted Common Stock at September 24, 2023 is $1.7 million, which will be recognized over a weighted average period of 1.4 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 2023, 2022, or 2021.