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Stock-Based Compensation Plans
 6 Months Ended
Dec. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Plans

Note 6 – Stock-Based Compensation Plans

During the second quarter of fiscal 2017, there were 44,972 restricted stock units (“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 2017.

 

The following is a summary of RSU activity for the first half of fiscal 2017:

 

Restricted Stock Units

    Shares      Weighted
Average Grant
Date Fair Value		  

Outstanding at June 30, 2016

      228,270       $ 32.33   

Activity:

      

Granted

      44,972         61.37   

Vested

      (55,223 )       28.91   

Forfeited

      (2,500 )       25.32   
  

 

 

     

 

 

  

Outstanding at December 29, 2016

      215,519       $ 39.35   
  

 

 

     

 

 

  

At December 29, 2016, there are 75,927 RSUs outstanding that are vested but deferred.

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 29,
2016		      December 24,
2015		      December 29,
2016		      December 24,
2015		  

Stock-based compensation expense

    $ 878       $ 826       $ 1,428       $ 1,292   

As of December 29, 2016, there was $4,104 of total unrecognized compensation expense related to non-vested RSUs granted under our stock-based compensation plans. We expect to recognize that cost over a weighted average period of 1.6 years.