NOTE M– SHARE-BASED COMPENSATION

Total share-based compensation during the

thirteen

-week periods ended

June 30, 2019

and

June 24, 2018

was

$28,000

and

$81,000,

respectively. Total share-based compensation is included in general and administrative expenses in our accompanying Consolidated Statements of Earnings. As of

June 30, 2019,

there was

$256,000

of unamortized compensation expense related to share-based incentive awards. We expect to recognize this expense over approximately

twenty-six

months, which represents the weighted average remaining requisite service periods for such awards.

The Company recognizes compensation cost for unvested stock-based incentive awards on a straight-line basis over the requisite service period. Compensation cost charged to expense under all stock-based incentive awards is as follows (in thousands):

	Thirteen weeks ended
	June 30 , 201 9		June 24, 2018

Stock options	$	21	$	38
Restricted stock		7		43
Total compensation cost	$	28	$	81

Stock option

There were

new share-based awards granted during the

thirteen

week period ended

June 30, 2019.

During the fiscal year ended

March 31, 2019,

the Company granted options to purchase

10,000

shares at an exercise price of

$89.90

per share, all of which expire

five

years from the date of grant. All such stock options vest ratable over a

three

-year period commencing

September 12, 2019.

Transactions with respect to stock options for the

thirteen

weeks ended

June 30, 2019

are as follows:

				Weighted-		Weighted-		Aggregate
				Average		Average		Intrinsic
				Exercise		Remaining		Value
	Shares			Price		Contractual Life		(in thousands)


Options outstanding at March 31, 2019
fiscal year (A)		42,234		$	46.807		1.32	$	1,127
Granted		-			-		-		-
Exercised		(32,234	)	$	33.438		-		1,134
Options outstanding at June 30, 2019		10,000		$	89.90		4.20		-

Options exercisable at June 30, 2019		-			-		-		-

A-	Represents outstanding options after giving effect to the replacement options issued in connection with the Company’s special dividend to shareholders of record on December 22, 2017.

Restricted stock:

Transactions with respect to restricted stock for the

thirteen

weeks ended

June 30, 2019

are as follows:

			Weighted-
			Average
			Grant-date Fair value
	Shares		Per share
Unvested restricted stock at March 31, 2019		1,000	$	89.90
Granted		-		-
Vested		-		-
Unvested restricted stock at June 30, 2019		1,000	$	89.90