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Stock-Based Compensation (Tables)
3 Months Ended
Dec. 27, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants
In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:
 
 
Fiscal 2017
Incentive and
Non-Statutory Stock Options
 
Fiscal 2016
Incentive and
Non-Statutory Stock Options
Expected term (years)
6.5 to 7.5
 
6.5 to 7.5
Expected volatility
75.66% to 80.70%
 
81.77% to 89.08%
Risk-free interest rate
1.49% to 2.40%
 
1.65% to 2.07%
Expected dividends
0
 
0
 
Summary of Stock Option Activity under Share Based Compensation Plan
The following table summarizes stock option activity for the quarter ended December 27, 2016 under all plans:
 
   
Shares
   
Weighted
Average
Exercise Price
   
Weighted Avg.
Remaining
Contractual
Life (Yrs.)
 
Outstanding-at beginning of year
   
586,083
   
$
4.99
       
Options granted
   
149,899
   
$
3.13
       
Options exercised
   
0
               
Forfeited
   
(3,132
)
 
$
7.66
       
Expired
   
(15,217
)
 
$
19.14
       
Outstanding December 27, 2016
   
717,633
   
$
4.29
     
7.5
 
Exercisable December 27, 2016
   
374,721
   
$
3.52
     
6.0
 
 
Schedule of Non-vested Restricted Stock Activity
A summary of the status of non-vested restricted stock as of December 27, 2016 is presented below.
 
   
Shares
   
Grant Date Fair
Value Per Share
 
Non-vested shares at beg of year
   
180,916
   
$
3.23 to $8.60
 
Granted
   
101,094
   
$
3.15
 
Vested
   
(14,925
)
 
$
4.18
 
Non-vested shares at December 27, 2016
   
267,085
   
$
3.15 to $8.60