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Stock-Based Compensation Plans
 6 Months Ended
Dec. 27, 2012
Stock-Based Compensation Plans

Note 7 — Stock-Based Compensation Plans

The following is a summary of stock option activity for the first half of fiscal 2013:

 

Options

    Shares     Weighted
Average
Exercise Price		      Weighted
Average
Remaining
Contractual
Term		      Aggregate
Intrinsic Value		  

Outstanding at June 28, 2012

      205,500      $ 13.38         

Activity:

           

Granted

      1,500        16.65         

Exercised

      (30,875 )      10.11         

Forfeited

      (500 )      7.80         
  

 

 

    

 

 

        

Outstanding at December 27, 2012

      175,625      $ 14.00         2.92       $ 819   
  

 

 

    

 

 

     

 

 

     

 

 

  

Exercisable at December 27, 2012

      172,250      $ 14.01         2.81       $ 803   
  

 

 

    

 

 

     

 

 

     

 

 

  

The change in non-vested stock option activity was insignificant during the first half of fiscal 2013.

The following is a summary of restricted stock unit activity for the first half of fiscal 2013:

 

Restricted Stock Units

    Shares     Weighted
Average Grant
Date Fair
Value		  

Outstanding at June 28, 2012

      220,500      $ 10.71   

Activity:

     

Granted

      66,294        16.40   

Exercised

      (57,000 )      12.47   

Forfeited

      —          —     
  

 

 

    

 

 

  

Outstanding at December 27, 2012

      229,794      $ 11.91   
  

 

 

    

 

 

  

Restricted stock units granted to employees and non-employee outside directors vest over a three and one year period, respectively. Of the restricted stock units outstanding as of December 27, 2012, 40,000 are vested and the non-vested restricted stock units will vest over a weighted average period of 1.7 years.

Compensation expense attributable to stock-based compensation during each of the first twenty-six weeks of fiscal 2013 and fiscal 2012 was $450 and $402, respectively. As of December 27, 2012, there was $1,592 of total unrecognized compensation cost related to non-vested, share-based compensation arrangements granted under our stock-based compensation plans. We expect to recognize that cost over a weighted average period of 1.7 years.