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Share Based Compensation
 9 Months Ended
Sep. 24, 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 nine months ended September 24, 2016.

For the third quarters of fiscal 2016 and 2015, share-based compensation expense was $6.1 million and $5.0 million, respectively, and $17.3 million and $14.8 million for the first nine months of fiscal 2016 and 2015, respectively.

Stock Options

The following summarizes information concerning stock option grants during the first nine months of fiscal 2016 and 2015:
 
Fiscal nine months ended
 
September 24,
2016
 
September 26,
2015
Stock options granted
1,134,121

 
1,049,291

Weighted average exercise price
$
86.41

 
$
83.44

Weighted average fair value per option
$
19.62

 
$
19.47



As of September 24, 2016, total unrecognized compensation expense related to non-vested stock options was approximately $27.1 million with a remaining weighted average expense recognition period of 1.3 years.

Restricted Stock Units

The following summarizes information concerning restricted stock unit grants during the first nine months of fiscal 2016 and 2015:
 
Fiscal nine months ended
 
September 24,
2016
 
September 26,
2015
Restricted stock units granted
59,019

 
53,228

Weighted average fair value per share
$
84.25

 
$
84.46



As of September 24, 2016, total unrecognized compensation expense related to non-vested restricted stock units was approximately $6.6 million with a remaining weighted average expense recognition period of 1.7 years.