Stock-Based Compensation (Tables)

9 Months Ended

Mar. 04, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The following unaudited tables summarize option activity for the nine-months ended March 4, 2018.


	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Options outstanding at May 31, 2017		274,000	$	4.79		8.40	$	128

Granted		57,000		6.15

Options outstanding at March 4, 2018		331,000	$	5.03		7.94	$	5,466

Vested and exercisable options at March 4, 2018		99,800	$	4.11		7.08	$	1,739

Summary of Non-vested Options Activity


	Number of Shares			Weighted Average Grant-Date Fair Value
Non-vested options at May 31, 2017		229,000		$	3.34
Granted		57,000			3.86
Vested		(54,800	)		2.35

Non-vested options at March 4, 2018		231,200		$	3.51

Fair Value of Options Granted Estimated at Date of Grant Using Weighted Average Assumptions

The fair value of the options granted during the first nine months of fiscal 2018 and 2017 were estimated at the date of grant using the following weighted average assumptions:


	2018			2017
Volatility		65.9	%		64.3	%
Risk-free interest rate		2.13	%		2.14	%
Expected option life in years		7.50			7.50
Dividend yield		0	%		0	%