Stock-Based Compensation Plans

6 Months Ended

Dec. 27, 2018

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

Note 7 – Stock-Based Compensation Plans

During the second quarter of fiscal 2019, there were 56,700 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.

There was no stock option activity during the first half of fiscal 2019.

The following is a summary of RSU activity for the first half of fiscal 2019:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 28, 2018		189,068		$	46.35
Activity:
Granted		56,700			57.22
Vested ^(a)		(38,600	)		54.78
Forfeited		—			—

Outstanding at December 27, 2018		207,168		$	47.75

^(a)	The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy the statutory tax withholding requirements.

At December 27, 2018, there are 66,207 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 27, 2018		December 28, 2017		December 27, 2018		December 28, 2017
Stock-based compensation expense	$	900	$	891	$	1,516	$	1,429

As of December 27, 2018, there was $5,236 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.