Stock-Based Compensation Plans

6 Months Ended

Dec. 28, 2017

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

Note 7 – Stock-Based Compensation Plans

During the second quarter of fiscal 2018, there were 60,582 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 2018.

The following is a summary of RSU activity for the first half of fiscal 2018:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 29, 2017		201,858		$	40.36
Activity:
Granted		60,582			54.41
Vested		(55,956	)		38.24
Forfeited		(11,038	)		33.59

Outstanding at December 28, 2017		195,446		$	45.70

At December 28, 2017, there are 60,490 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 28, 2017		December 29, 2016		December 28, 2017		December 29, 2016
Stock-based compensation expense	$	891	$	878	$	1,429	$	1,428

As of December 28, 2017, there was $4,875 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 1.9 years.