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Note 6 - Stock-Based Compensation | 3 Months Ended
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Dec. 27, 2014
Notes to Financial Statements |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | (6) Stock-Based Compensation Under the Company’s equity incentive plans, employees and directors may be granted stock options, restricted stock, restricted stock units and performance awards. As of December 27, 2014, there were 387,000 shares available for future grants under the plans. Stock o ptions . Under the Company’s equity incentive plans, employees and directors may be granted options to purchase shares of the Company’s common stock at the fair market value on the date of the grant. Options granted under these plans generally vest over three years and expire ten years from the date of the grant. Compensation expense and excess tax benefits associated with stock options for the three-month periods ended December 27, 2014 and December 28, 2013 are as follows:
|  | Three Months Ended |
|  | December 27, |  |  | December 28, |
(In thousands) |  | 2014 |  |  | 2013 |
Stock options: |  |  |  |  |  |  |  |
Compensation expense |  | $ | 173 |  |  | $ | 165 |
Excess tax benefits |  |  | - |  |  |  | (86 | )
As of December 27, 2014, the remaining unamortized compensation cost related to unvested stock option awards was $279,000, which is expected to be recognized over a weighted average period of 1.53 years. The following table summarizes stock option activity for the three-month period ended December 27, 2014:
|  |  |  |  |  |  |  |  |  |  |  | Contractual |  |  |
|  |  |  |  |  |  |  |  |  |  |  | Term - |  | Aggregate |
|  | Options |  |  | Exercise Price Per Share |  | Weighted |  | Intrinsic |
|  | Outstanding |  |  |  |  |  |  |  | Weighted |  | Average |  | Value |
|  | (in thousands) |  |  | Range |  | Average |  | (years) |  | (in thousands) |
Outstanding at September 27, 2014 |  |  | 871 |  |  | $ 6.89 | - | $ 20.50 |  |  | $ | 14.23 |  |  |  |  |  |
Exercised |  |  | - |  |  | - | - | - |  |  |  | - |  |  |  |  |  |
Outstanding at December 27, 2014 |  |  | 871 |  |  | 6.89 | - | 20.50 |  |  |  | 14.23 |  | 6.16 |  | $ | 7,947 |
Vested and anticipated to vest in the future at December 27, 2014 |  |  | 869 |  |  |  |  |  |  |  |  | 14.23 |  | 6.15 |  |  | 7,935 |
Exercisable at December 27, 2014 |  |  | 594 |  |  |  |  |  |  |  |  | 12.85 |  | 4.98 |  |  | 6,246 |
Stock option exercises include “net exercises,” pursuant to which the optionee received shares of common stock equal to the intrinsic value of the options (fair market value of common stock on the date of exercise less exercise price) reduced by any applicable withholding taxes. Restricted stock uni t s. Restricted stock units (“RSUs”) granted under the Company’s equity incentive plans are valued based upon the fair market value on the date of the grant and provide for a dividend equivalent payment which is included in compensation expense. The vesting period for RSUs is generally one year from the date of the grant for RSUs granted to directors and three years from the date of the grant for RSUs granted to employees. RSUs do not have voting rights. RSU compensation expense for the three-month periods ended December 27, 2014 and December 28, 2013 is as follows:
|  | Three Months Ended |
|  | December 27, |  |  | December 28, |
(In thousands) |  | 2014 |  |  | 2013 |
Compensation expense |  | $ | 269 |  |  | $ | 243 |
As of December 27, 2014, the remaining unrecognized compensation cost related to unvested RSUs was $477,000, which is expected to be recognized over a weighted average vesting period of 1.74 years. The following table summarizes RSU activity during the three-month period ended December 27, 2014:
|  |  |  |  |  | Weighted |
|  | Restricted |  |  | Average |
|  | Stock Units |  |  | Grant Date |
(Unit amounts in thousands) |  | Outstanding |  |  | Fair Value |
Balance, September 27, 2014 |  |  | 197 |  |  | $ | 15.68 |
Granted |  |  | - |  |  |  | - |
Released |  |  | - |  |  |  | - |
Balance, December 27, 2014 |  |  | 197 |  |  | $ | 15.68 |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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