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Share Based Compensation
 6 Months Ended
Jun. 25, 2016
Share-based Compensation [Abstract]  
Share Based Compensation
Share-Based Compensation:

Share-based compensation includes stock option and restricted stock unit awards and certain transactions under our Employee Stock Purchase Plan (the “ESPP”). Share-based compensation expense is recognized based on grant date fair value of all options and restricted stock unit awards plus a discount on shares purchased by employees as a part of the ESPP.
There were no significant modifications to the Company’s share-based compensation plans during the fiscal six months ended June 25, 2016.

For the second quarters of fiscal 2016 and 2015, share-based compensation expense was $5.9 million and $4.8 million, respectively, and $11.2 million and $9.8 million for the first six months of fiscal 2016 and 2015, respectively.

Stock Options

The following summarizes information concerning stock option grants during the first six months of fiscal 2016 and 2015:
 
Fiscal six months ended
 
June 25,
2016
 
June 27,
2015
Stock options granted
1,119,304

 
1,025,356

Weighted average exercise price
$
86.34

 
$
83.23

Weighted average fair value per option
$
19.61

 
$
19.43



As of June 25, 2016, total unrecognized compensation expense related to non-vested stock options was approximately $31.8 million with a remaining weighted average expense recognition period of 1.5 years.

Restricted Stock Units

The following summarizes information concerning restricted stock unit grants during the first six months of fiscal 2016 and 2015:
 
Fiscal six months ended
 
June 25,
2016
 
June 27,
2015
Restricted stock units granted
59,019

 
50,473

Weighted average fair value per share
$
84.25

 
$
84.02



As of June 25, 2016, total unrecognized compensation expense related to non-vested restricted stock units was approximately $7.8 million with a remaining weighted average expense recognition period of 1.9 years.