NOTE M– SHARE-BASED COMPENSATION

Total share-based compensation during the

thirteen

-week periods ended

September 29, 2019

and

September 23, 2018

was

$30,000

and

$23,000,

respectively. Total share-based compensation during the

twenty-six

week periods ended

September 29, 2019

and

September 23, 2018

was

$58,000

and

$104,000,

respectively.

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

September 29, 2019,

there was

$226,000

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

twenty-three

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				Twenty-six weeks ended
	Sept. 2 9 , 201 9		Sept. 23, 2018		Sept. 2 9 , 201 9		Sept. 23, 2018

Stock options	$	22	$	22	$	43	$	60
Restricted stock		8		1		15		44
Total compensation cost	$	30	$	23	$	58	$	104

Stock options:

There were

new share-based awards granted during the

twenty-six

week period

September 29, 2019.

During the fiscal year

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 ratably over a

three

-year period commencing

September 12, 2019.

Transactions with respect to stock options for the

twenty-six

weeks ended

September 29, 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 September 29, 2019		10,000		$	89.90		3.95		-

Options exercisable at September 29, 2019		3,333		$	89.90		3.95		-

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

twenty-six

weeks ended

September 29, 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		(333	)	$	89.90
Unvested restricted stock at September 29, 2019		667		$	89.90