Stock-Based Compensation

3 Months Ended

Sep. 24, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

(3)       Stock-Based Compensation

Stock Options:

For the three months ended September 24, 2017, and September 25, 2016, the Company recognized stock-based compensation expense related to stock options of $10 thousand and $25 thousand, respectively. As of September 24, 2017, unamortized stock-based compensation expense related to stock options was $26 thousand.

The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:

<BTB>	Three Months Ended
<	September 24, 2017		September 25, 2016
Outstanding at beginning of year		478,056		847,556
Granted		—		50,000
Exercised		—		(315,000	)
Forfeited/Canceled/Expired		—		(80,000	)
Outstanding at end of period		478,056		502,556
Exercisable at end of period		438,056		365,406

Restricted Stock Units:

  For the three months ended September 24, 2017, and September 25, 2016, the Company recognized $0 and $20 thousand in stock-based compensation expense related to restricted stock units. As of September 24, 2017, unamortized stock-based compensation expense related to restricted stock units was $0. During fiscal 2017, the Company determined that the probability of achieving the minimum performance criteria was remote.  

A summary of the status of restricted stock units as of September 24, 2017, and changes during the fiscal quarter then ended is presented below:

Number of Restricted Stock Units
Unvested at June 25, 2017	487,950
Granted	—
Vested	—
Forfeited	(20,620	)
Unvested at September 24, 2017	467,330