Stock Compensation Plans

9 Months Ended

Jun. 30, 2011

Stock Compensation Plans

Stock Compensation Plans

NOTE 6—STOCK COMPENSATION PLANS

During the first nine months of fiscal 2011, we granted options to purchase 83 thousand shares of our common stock at purchase prices equal to the fair market value of the underlying common stock on the date the options were granted. These options had an aggregate fair value of $611 thousand, which will be amortized to expense over the options' requisite service periods. During the first nine months of fiscal 2011, we granted 135 thousand shares of restricted stock subject to time-based vesting conditions with an aggregate fair value of $2.3 million, which will be amortized over the requisite service period. During the first nine months of fiscal 2011, we granted 190 thousand shares of restricted stock subject to performance-based vesting conditions, with an aggregate fair value of $3.6 million, which will be amortized over the requisite service period. We recognized $658 thousand and $1.0 million in stock-based compensation expense in general and administrative expenses during the three months ended June 30, 2011 and June 24, 2010, respectively. We recognized $2.3 million  and $2.7 million  in stock-based compensation expense in general and administrative expenses during the nine months ended June 30, 2011 and June 24, 2010, respectively.