Stock-Based Compensation Plans

6 Months Ended

Dec. 24, 2015

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

Note 6 – Stock-Based Compensation Plans

During the second quarter of fiscal 2016, there were 57,893 RSUs awarded to employees and non-employee members of the Board of Directors. The vesting period is generally three years for awards to employees and one year for awards to non-employee directors.

Stock option activity was insignificant during the first half of fiscal 2016.

The following is a summary of restricted stock unit activity for the first half of fiscal 2016:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 25, 2015		228,668		$	23.96
Activity:
Granted		57,893			55.49
Vested		(47,110	)		19.69
Forfeited		—			—

Outstanding at December 24, 2015		239,451		$	32.42

At December 24, 2015 there are 55,183 RSUs outstanding that are vested but deferred. The non-vested RSUs will vest over a weighted average period of 1.5 years.

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


	For the Quarter Ended				For the Twenty-six Weeks Ended
	December 24, 2015		December 25, 2014		December 24, 2015		December 25, 2014
Stock-based compensation expense	$	826	$	608	$	1,292	$	879

As of December 24, 2015, there was $4,349 of total unrecognized compensation expense 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 1.5 years.