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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 28, 2017
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 two quarters ended March 28, 2017 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 March 28, 2017
   
717,633
   
$
4.29
     
7.3
 
Exercisable March 28, 2017
   
433,121
   
$
4.09
     
6.1
 
 
Schedule of Non-vested Restricted Stock Activity
A summary of the status of non-vested restricted stock as of March 28, 2017 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
   
103,440
   
 
$3.15 to $3.20
 
Vested
   
(14,925)
 
 
$4.18
 
Non-vested shares at March 28, 2017
   
269,431
   
 
$3.15 to $8.60