Stock-Based Compensation Plans

6 Months Ended

Dec. 26, 2019

Note 8 – Stock-Based Compensation Plans

During the second quarter of fiscal 2020, there were 38,572 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 2020.

The following is a summary of RSU activity for the first half of fiscal 2020:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 27, 2019		188,992		$	46.79
Activity:
Granted		38,572			91.47
Vested (a)		(36,179	)		60.56
Forfeited		(7,439	)		63.62

Outstanding at December 26, 2019		183,946		$	52.77

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

At December 26, 2019, there

re 58,541 RSUs outstanding that

re 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 26, 2019		December 27, 2018		December 26, 2019		December 27, 2018
Stock-based compensation expense	$	855	$	900	$	1,488	$	1,516

As of December 26, 2019, there was $5,255 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 1.7 years.