Stock-Based Compensation Plans

6 Months Ended

Dec. 26, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Note 7 – Stock-Based Compensation Plans

The following is a summary of stock option activity for the first half of fiscal 2014:


Options	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at June 27, 2013		115,250		$	13.68
Activity:
Granted		—			—
Exercised		(31,000	)		12.04
Forfeited		(2,250	)		32.30

Outstanding at December 26, 2013		82,000		$	13.79		2.5	$	947

Exercisable at December 26, 2013		80,000		$	13.76		2.4	$	925

For the twenty-six weeks ended December 26, 2013 the total intrinsic value of options exercised was $393 and the total cash received was $373. The change in non-vested stock option activity was insignificant during the first half of fiscal 2014.

The following is a summary of restricted stock unit activity for the first half of fiscal 2014:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 27, 2013		215,294		$	11.99
Activity:
Granted		68,710			25.32
Vested		(75,196	)		12.88
Forfeited		(3,500	)		12.77

Outstanding at December 26, 2013		205,308		$	16.11

Restricted stock units (“RSUs”) granted to employees and non-employee outside directors vest over a three-year and one-year period, respectively. At December 26, 2013 there are 44,098 RSUs outstanding that are vested but deferred. The non-vested RSUs will vest over a weighted average period of 1.9 years.

The following table summarizes compensation cost charged to earnings for all equity compensation plans for the periods presented:


	For the Quarter Ended				For the Twenty-six Weeks Ended
	December 26, 2013		December 27, 2012		December 26, 2013		December 27, 2012
Stock-based compensation cost	$	345	$	266	$	561	$	450

As of December 26, 2013, there was $2,204 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 1.9 years.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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