Note 4 - Stock-based Compensation

9 Months Ended

Oct. 03, 2015

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

. Stock-based Compensation

The following table is a summary of the balances and activity for restricted stock and stock options for the thirty-nine weeks ended October 3, 2015:

	Restricted
	Stock		Options
Outstanding, January 3, 2015		419,679		714,451
Granted		106,278		71,517
Vested		204,741		—
Exercised		—		150,409
Forfeited		42,497		19,954
Canceled or expired		—		39,200
Outstanding, October 3, 2015		278,719		576,405

For the thirteen and thirty-nine weeks ended October 3, 2015, selling, general and administrative expenses includes $0.6 million and $1.5 million, respectively, of stock-based compensation expense. For the thirteen and thirty-nine weeks ended September 27, 2014 selling, general and administrative expenses includes $0.4 million and $1.6 million, respectively, of stock-based compensation expense. As of October 3, 2015, there was $3.7 million of total unrecognized compensation expense related to nonvested restricted stock and option awards which is expected to be recognized over a weighted-average period of 1.4 years.

The total fair value of shares vested during the thirty-nine weeks ended October 3, 2015 and September 27, 2014 was $4.0 million and $3.6 million, respectively.