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Stock-Based Compensation Plans
 9 Months Ended
Mar. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Plans

Note 6 – Stock-Based Compensation Plans

The following is a summary of restricted stock unit (“RSU”) activity for the first thirty-nine weeks of fiscal 2017:

 

Restricted Stock Units

    Shares      Weighted
Average Grant
Date Fair Value		  

Outstanding at June 30, 2016

      228,270      $ 32.33  

Activity:

      

Granted

      45,213        61.33  

Vested

      (68,426 )       27.91  

Forfeited

      (3,199 )       30.23  
  

 

 

     

 

 

  

Outstanding at March 30, 2017

      201,858      $ 40.36  
  

 

 

     

 

 

  

At March 30, 2017, there are 68,673 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 Thirty-Nine Weeks
Ended		  
     March 30,
2017		      March 24,
2016		      March 30,
2017		      March 24,
2016		  

Stock-based compensation expense

    $ 536      $ 518      $ 1,964      $ 1,810  

As of March 30, 2017, there was $3,548 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 1.5 years.

During the thirty-nine weeks ended March 30, 2017, 7,500 stock options were exercised at a weighted-average exercise price of $8.40 and an intrinsic value of $374. There are 2,000 stock options exercisable at March 30, 2017 with a weighted-average exercise price of $10.24, and an aggregate intrinsic value of $125.