Stock-Based Compensation

3 Months Ended

Sep. 29, 2024

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note D - Stock-Based Compensation

Stock Options:

For the three months ended September 29, 2024 and September 24, 2023, the Company recognized stock-based compensation expense related to stock options of zero. As of September 29, 2024, there was no unamortized stock-based compensation expense related to stock options.

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

	Three months ended
	September 29, 2024		September 24, 2023
	Shares		Shares
Outstanding at beginning of year		114,286		151,750
Granted		—		—
Exercised		—		—
Forfeited/Canceled/Expired		—		(8,664	)
Outstanding at end of period		114,286		143,086
Exercisable at end of period		114,286		143,086

Restricted Stock Units:

For the three months ended September 29, 2024 and September 24, 2023, the Company had stock-based compensation expense related to RSUs of $73 thousand and $79 thousand, respectively. As of September 29, 2024, there was $191 thousand unamortized stock-based compensation expense related to RSUs.

As of September 29, 2024 and September 24, 2023, the RSUs will be amortized during the next 25 and one months, respectively. A summary of the status of RSUs as of September 29, 2024, and changes during the three months then ended is presented below:

	Three months ended
	September 29, 2024		September 24, 2023
	Shares		Shares
Unvested at beginning of year		269,063		885,687
Performance adjustment		30,771		(25,223	)
Granted		—		—
Issued		—		—
Forfeited		—		—
Unvested at September 29, 2024		299,834		860,464